Peru: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Peru

The Peruvian marble and travertine crude market declined modestly to $X in 2022, with a decrease of -4.2% against the previous year. Over the period under review, consumption showed a pronounced curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Marble And Travertine in Peru

In value terms, marble and travertine crude production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of 44% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, crude production growth remained at a somewhat lower figure.

Exports of Marble And Travertine

Exports from Peru

In 2022, after four years of decline, there was significant growth in shipments abroad of marble and travertine, when their volume increased by 8.3% to X tons. Over the period under review, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 344%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports expanded rapidly to $X in 2022. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 389%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X tons), Spain (X tons) and Honduras (X tons) were the main destinations of marble and travertine crude exports from Peru, together accounting for 84% of total exports. Italy, Poland, Chile and China lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +45.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), India ($X) and Honduras ($X) constituted the largest markets for marble and travertine crude exported from Peru worldwide, with a combined 80% share of total exports. Poland, Italy, China and Chile lagged somewhat behind, together comprising a further 20%.

Among the main countries of destination, Chile, with a CAGR of +55.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marble and travertine crude export price stood at $X per ton in 2022, standing approx. at the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 30%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to India ($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 China (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into Peru

In 2022, the amount of marble and travertine imported into Peru contracted markedly to X tons, reducing by -39.5% against the previous year. Overall, imports, however, posted a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 927% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of crude imports remained at a somewhat lower figure.

In value terms, marble and travertine crude imports declined dramatically to $X in 2022. Over the period under review, imports, however, saw a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 467%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of crude imports remained at a somewhat lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of marble and travertine crude to Peru, with a 45% share of total imports. Moreover, marble and travertine crude imports from Italy exceeded the figures recorded by the second-largest supplier, China (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +26.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.4% per year) and Spain (-5.3% per year).

In value terms, Italy ($X) constituted the largest supplier of marble and travertine to Peru, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 5.5% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy amounted to +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.3% per year) and Spain (+2.2% per year).

Import Prices by Country

In 2022, the average marble and travertine crude import price amounted to $X per ton, increasing by 5.7% against the previous year. In general, the import price, however, recorded a deep downturn. The growth pace was the most rapid in 2015 an increase of 60%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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