Oman: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Oman

The Omani marble and travertine crude market rose remarkably to $X in 2022, increasing by 8.1% against the previous year. In general, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude consumption increased by +15.1% against 2019 indices. Marble and travertine crude consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Marble And Travertine in Oman

In value terms, marble and travertine crude production rose rapidly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 67% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, crude production growth remained at a somewhat lower figure.

Exports of Marble And Travertine

Exports from Oman

Marble and travertine crude exports from Oman soared to X tons in 2022, picking up by 61% against the previous year's figure. In general, exports recorded resilient growth. The growth pace was the most rapid in 2020 when exports increased by 1,073%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine crude exports soared to $X in 2022. Overall, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2020 when exports increased by 808% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), South Korea (X tons) and Cyprus (X tons) were the main destinations of marble and travertine crude exports from Oman, with a combined 67% share of total exports. China, the United Arab Emirates, India, Jordan, Japan, Kuwait, Algeria and Pakistan lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +77.4%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) remains the key foreign market for marble and travertine exports from Oman, comprising 73% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 12% share of total exports. It was followed by Cyprus, with a 5.8% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+10.6% per year) and Cyprus (+43.2% per year).

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, with a decrease of -7.4% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 34%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+19.1%), while the prices for the other major destinations experienced a decline.

Imports of Marble And Travertine

Imports into Oman

In 2022, purchases abroad of marble and travertine was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2015 with an increase of 67% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, marble and travertine crude imports rose remarkably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 38%. Over the period under review, crude imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) constituted the largest marble and travertine crude supplier to Oman, with a 61% share of total imports. Moreover, marble and travertine crude imports from Iran exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), fourfold. The third position in this ranking was taken by Pakistan (X tons), with an 8.7% share.

From 2012 to 2022, the average annual growth rate of volume from Iran amounted to +54.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.0% per year) and Pakistan (+48.0% per year).

In value terms, Iran ($X) constituted the largest supplier of marble and travertine to Oman, comprising 53% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Italy, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Iran stood at +35.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.9% per year) and Italy (-9.0% per year).

Import Prices by Country

The average marble and travertine crude import price stood at $X per ton in 2022, reducing by -10.5% against the previous year. Overall, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for North Macedonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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