Portugal: Marble And Travertine Market 2022

Marble And Travertine Market Size in Portugal

The Portuguese marble and travertine market reduced to $X in 2021, declining by -8.9% against the previous year. Over the period under review, consumption showed a pronounced slump. Marble and travertine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Portugal

In value terms, marble and travertine production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 25%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Marble And Travertine Exports

Exports from Portugal

In 2021, the amount of marble and travertine exported from Portugal soared to X tons, with an increase of 18% compared with 2020. Overall, total exports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -9.6% against 2019 indices. The pace of growth was the most pronounced in 2018 with an increase of 56% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, marble and travertine exports soared to $X in 2021. In general, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 49% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for marble and travertine exports from Portugal, with a 85% share of total exports. It was followed by Germany (X tons), with a 2.8% share of total exports. The third position in this ranking was held by India (X tons), with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+9.0% per year) and India (+68.9% per year).

In value terms, China ($X) remains the key foreign market for marble and travertine exports from Portugal, comprising 68% of total exports. The second position in the ranking was taken by India ($X), with a 5.8% share of total exports. It was followed by Germany, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+62.8% per year) and Germany (+6.6% per year).

Export Prices by Country

In 2021, the average marble and travertine export price amounted to $X per ton, surging by 9.4% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 10%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was France ($X per ton), while the average price for exports to China ($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 France (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into Portugal

For the third year in a row, Portugal recorded decline in purchases abroad of marble and travertine, which decreased by -0.1% to X tons in 2021. In general, imports continue to indicate a mild setback. The growth pace was the most rapid in 2015 when imports increased by 105% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports expanded rapidly to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +19.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 65% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

Spain (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of marble and travertine imports to Portugal, with a combined 72% share of total imports. These countries were followed by Belgium, France, Ireland, Greece, Morocco and Angola, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were in Ireland (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of marble and travertine to Portugal, comprising 57% of total imports. The second position in the ranking was taken by Turkey ($X), with a 17% share of total imports. It was followed by Italy, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.8% per year) and Italy (-14.4% per year).

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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