South Africa: Marble And Travertine Market 2022

Marble And Travertine Market Size in South Africa

In 2021, the South African marble and travertine market increased by 130% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, showed a noticeable downturn. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Marble And Travertine Exports

Exports from South Africa

In 2021, overseas shipments of marble and travertine decreased by -30.6% to X tons, falling for the third consecutive year after three years of growth. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 66%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, marble and travertine exports shrank dramatically to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 44%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), Lesotho (X tons) and Botswana (X tons) were the main destinations of marble and travertine exports from South Africa, with a combined 90% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Namibia (with a CAGR of -7.3%), while the other leaders experienced a decline.

In value terms, the largest markets for marble and travertine exported from South Africa were Namibia ($X), Botswana ($X) and Lesotho ($X), with a combined 91% share of total exports.

Namibia, with a CAGR of -10.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, with an increase of 21% against the previous year. In general, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2015 an increase of 23%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Botswana ($X per ton), while the average price for exports to China ($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 China (+6.1%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into South Africa

In 2021, purchases abroad of marble and travertine was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a deep reduction. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, marble and travertine imports surged to $X in 2021. Overall, imports, however, showed a noticeable slump. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Namibia (X tons) was the main supplier of marble and travertine to South Africa, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Namibia stood at -5.8%.

In value terms, Namibia ($X) constituted the largest supplier of marble and travertine to South Africa.

From 2012 to 2021, the average annual rate of growth in terms of value from Namibia was relatively modest.

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, which is down by -12.4% against the previous year. Overall, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble and travertine import price increased by +58.7% against 2016 indices. The pace of growth was the most pronounced in 2020 an increase of 31%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

As there is only one major supplying country, the average price level is determined by prices for Namibia.

From 2012 to 2021, the rate of growth in terms of prices for Namibia amounted to +5.7% per year.

Source: IndexBox Platform

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