Russian Federation: Marble And Travertine Market 2022

Marble And Travertine Market Size in the Russian Federation

The Russian marble and travertine market was finally on the rise to reach $X in 2021, after three years of decline. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -41.7% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Marble And Travertine Production in the Russian Federation

In value terms, marble and travertine production rose markedly to $X in 2021 estimated in export price. In general, production posted modest growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57% against the previous year. Marble and travertine production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Marble And Travertine Exports

Exports from the Russian Federation

In 2021, exports of marble and travertine from Russia declined remarkably to X tons, reducing by -37.2% on 2020 figures. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 70%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, marble and travertine exports dropped markedly to $X in 2021. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when exports increased by 138% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Kazakhstan (X tons) and Armenia (X tons) were the main destinations of marble and travertine exports from Russia, with a combined 83% share of total exports. These countries were followed by Belarus, Azerbaijan and Ukraine, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were in Belarus (with a CAGR of +45.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Armenia ($X) and Belarus ($X) were the largest markets for marble and travertine exported from Russia worldwide, together accounting for 74% of total exports.

Belarus, with a CAGR of +46.3%, recorded 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

In 2021, the average marble and travertine export price amounted to $X per ton, growing by 27% against the previous year. In general, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 40%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Armenia ($X per ton), while the average price for exports to Kazakhstan ($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 Kazakhstan (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Marble And Travertine Imports

Imports into the Russian Federation

In 2021, marble and travertine imports into Russia surged to X tons, picking up by 36% against the year before. Over the period under review, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 165%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, marble and travertine imports soared to $X in 2021. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2020 with an increase of 169% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Portugal (X tons) constituted the largest marble and travertine supplier to Russia, accounting for a 47% share of total imports. Moreover, marble and travertine imports from Portugal exceeded the figures recorded by the second-largest supplier, Greece (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal stood at +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+21.5% per year) and Italy (-3.8% per year).

In value terms, Greece ($X), Portugal ($X) and Italy ($X) appeared to be the largest marble and travertine suppliers to Russia, with a combined 80% share of total imports.

In terms of the main suppliers, Portugal, with a CAGR of +50.6%, 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

In 2021, the average marble and travertine import price amounted to $X per ton, surging by 9% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32% 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 Italy ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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