Portugal: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Portugal

The Portuguese marble and travertine crude market contracted to $X in 2022, with a decrease of -5.6% against the previous year. Overall, consumption recorded a pronounced decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine in Portugal

In value terms, marble and travertine crude production declined modestly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The growth pace was the most rapid in 2016 when the production volume increased by 18% against the previous year. Over the period under review, crude production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Marble And Travertine

Exports from Portugal

In 2022, exports of marble and travertine from Portugal skyrocketed to X tons, increasing by 33% on 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 102% against the previous year. Over the period under review, the crude exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports stood at $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by 61%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for marble and travertine crude exports from Portugal, accounting for a 42% share of total exports. Moreover, marble and travertine crude exports to Sweden exceeded the volume sent to the second major destination, India (X tons), threefold. The third position in this ranking was held by China (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sweden totaled +162.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+22.9% per year) and China (-24.3% per year).

In value terms, the largest markets for marble and travertine crude exported from Portugal were India ($X), Sweden ($X) and Italy ($X), together comprising 67% of total exports.

Sweden, with a CAGR of +99.2%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, with a decrease of -23.1% against the previous year. Overall, the export price, however, saw mild growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 52%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the Netherlands ($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 (+3.7%), while the prices for the other major destinations experienced a decline.

Imports of Marble And Travertine

Imports into Portugal

In 2022, supplies from abroad of marble and travertine was finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 35%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, marble and travertine crude imports soared to $X in 2022. In general, imports, however, saw a pronounced decline. Over the period under review, crude imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X tons), France (X tons) and Italy (X tons) were the main suppliers of marble and travertine crude imports to Portugal, together comprising 71% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +41.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest marble and travertine crude suppliers to Portugal were Turkey ($X), France ($X) and Italy ($X), with a combined 75% share of total imports.

France, with a CAGR of +43.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marble and travertine crude import price stood at $X per ton in 2022, picking up by 16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2020 an increase of 20%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :