Pakistan: Marble And Travertine Market 2022

Marble And Travertine Market Size in Pakistan

The Pakistani marble and travertine market declined to $X in 2021, leveling off at the previous year. Overall, consumption, however, continues to indicate a mild curtailment. Marble and travertine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Marble And Travertine Production in Pakistan

In value terms, marble and travertine production amounted to $X in 2021 estimated in export price. In general, production, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Marble And Travertine Exports

Exports from Pakistan

In 2021, the amount of marble and travertine exported from Pakistan skyrocketed to X tons, jumping by 49% against the year before. Over the period under review, exports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 75%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, marble and travertine exports surged to $X in 2021. In general, exports, however, recorded a abrupt shrinkage. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for marble and travertine exports from Pakistan, with a 84% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+30.6% per year) and Taiwan (Chinese) (+9.2% per year).

In value terms, China ($X) remains the key foreign market for marble and travertine exports from Pakistan, comprising 79% of total exports. The second position in the ranking was held by Italy ($X), with an 8% share of total exports. It was followed by Taiwan (Chinese), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+22.0% per year) and Taiwan (Chinese) (+9.8% per year).

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, declining by -3.2% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2020 an increase of 49%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.5%), while the prices for the other major destinations experienced a decline.

Marble And Travertine Imports

Imports into Pakistan

In 2021, purchases abroad of marble and travertine was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 when imports increased by 2,542% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, marble and travertine imports skyrocketed to $X in 2021. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 2,876% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Afghanistan (X tons) constituted the largest marble and travertine supplier to Pakistan, with a 89% share of total imports. It was followed by Italy (X tons), with a 1.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Afghanistan totaled +50.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.4% per year) and the United Arab Emirates (+40.6% per year).

In value terms, Afghanistan ($X) constituted the largest supplier of marble and travertine to Pakistan, comprising 92% of total imports. The second position in the ranking was taken by Italy ($X), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Afghanistan totaled +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.6% per year) and the United Arab Emirates (+23.9% per year).

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, with an increase of 67% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was Afghanistan ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+36.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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