South Africa: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in South Africa

The South African marble and travertine blocks market fell modestly to $X in 2022, flattening at the previous year. Overall, consumption recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 when the market value increased by 9%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine Blocks And Slabs in South Africa

In value terms, marble and travertine blocks production contracted modestly to $X in 2022 estimated in export price. In general, production showed a abrupt slump. The growth pace was the most rapid in 2018 when the production volume increased by 4.9%. Marble and travertine blocks production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from South Africa

In 2022, overseas shipments of marble and travertine blocks and slabs were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports posted a measured increase. The growth pace was the most rapid in 2017 with an increase of 365%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine blocks exports soared to $X in 2022. In general, exports, however, showed a mild decline. The pace of growth appeared the most rapid in 2017 when exports increased by 134% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for marble and travertine blocks exports from South Africa, accounting for a 297% share of total exports. Moreover, marble and travertine blocks exports to China exceeded the volume sent to the second major destination, Namibia (X tons), fivefold. Lesotho (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+12.6% per year) and Lesotho (+16.9% per year).

In value terms, China ($X) emerged as the key foreign market for marble and travertine blocks and slabs exports from South Africa, comprising 346% of total exports. The second position in the ranking was taken by Namibia ($X), with an 84% share of total exports. It was followed by Lesotho, with a 22% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (+10.4% per year) and Lesotho (+2.6% per year).

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, shrinking by -9.4% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2020 an increase of 52%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Zimbabwe ($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 (+16.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into South Africa

In 2022, overseas purchases of marble and travertine blocks and slabs increased by 11% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 195% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, marble and travertine blocks imports rose slightly to $X in 2022. Overall, imports continue to indicate a modest expansion. The growth pace was the most rapid in 2021 when imports increased by 192% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Namibia (X tons) was the main marble and travertine blocks supplier to South Africa, with a 97% share of total imports. It was followed by Angola (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Namibia was relatively modest.

In value terms, Namibia ($X) constituted the largest supplier of marble and travertine blocks and slabs to South Africa, comprising 99% of total imports. The second position in the ranking was taken by Angola ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Namibia totaled +5.2%.

Import Prices by Country

In 2022, the average marble and travertine blocks import price amounted to $X per ton, declining by -7.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 68% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Namibia ($X per ton), while the price for Angola amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+4.1%).

Source: IndexBox Platform

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