Portugal: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Portugal

In 2022, the Portuguese marble and travertine blocks market increased by 89% to $X, rising for the third year in a row after three years of decline. In general, consumption showed a pronounced expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Marble And Travertine Blocks And Slabs in Portugal

In value terms, marble and travertine blocks production fell to $X in 2022 estimated in export price. In general, production saw a mild curtailment. The pace of growth was the most pronounced in 2018 with an increase of 60%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Portugal

Marble and travertine blocks exports from Portugal declined remarkably to X tons in 2022, reducing by -20.4% on 2021. Overall, exports recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 82%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine blocks exports reduced to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 64%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for marble and travertine blocks exports from Portugal, accounting for a 69% share of total exports. Moreover, marble and travertine blocks exports to China exceeded the volume sent to the second major destination, India (X tons), sixfold. Germany (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+62.6% per year) and Germany (+4.5% per year).

In value terms, the largest markets for marble and travertine blocks exported from Portugal were China ($X), India ($X) and Germany ($X), with a combined 67% share of total exports.

India, with a CAGR of +57.3%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average marble and travertine blocks export price amounted to $X per ton, picking up by 9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 when the average export price increased by 39% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 Spain (+3.0%), while the prices for the other major destinations experienced a decline.

Imports of Marble And Travertine Blocks And Slabs

Imports into Portugal

In 2022, purchases abroad of marble and travertine blocks and slabs increased by 50% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a temperate expansion. The pace of growth appeared the most rapid in 2015 when imports increased by 245%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, marble and travertine blocks imports surged to $X in 2022. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 216% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

Turkey (X tons), Spain (X tons) and Greece (X tons) were the main suppliers of marble and travertine blocks imports to Portugal, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +15.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine blocks suppliers to Portugal were Spain ($X), Turkey ($X) and Greece ($X), together comprising 86% of total imports.

Among the main suppliers, Turkey, with a CAGR of +21.5%, saw the highest rates of growth with regard to the value of imports, 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 blocks import price stood at $X per ton in 2022, with a decrease of -6.1% against the previous year. Overall, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marble and travertine blocks import price increased by +3.6% against 2017 indices. The growth pace was the most rapid in 2013 an increase of 69% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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