South-Eastern Asia: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in South-Eastern Asia

The Southeast Asian marble and travertine blocks market expanded markedly to $X in 2022, picking up by 6.5% against the previous year. Overall, consumption, however, showed a deep slump. The growth pace was the most rapid in 2021 when the market value increased by 8.7% against the previous year. The level of consumption peaked 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-Eastern Asia

In value terms, marble and travertine blocks production amounted to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by 14% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in South-Eastern Asia

After two years of growth, shipments abroad of marble and travertine blocks and slabs decreased by -13.6% to X tons in 2022. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of 36% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine blocks exports reached $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2015 when exports increased by 55%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Cambodia (X tons) was the major exporter of marble and travertine blocks and slabs, achieving 70% of total exports. Indonesia (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (8.3%). The Philippines (X tons) followed a long way behind the leaders.

Cambodia was also the fastest-growing in terms of the marble and travertine blocks and slabs exports, with a CAGR of +87.3% from 2012 to 2022. Malaysia (-1.9%), the Philippines (-16.2%) and Indonesia (-17.9%) illustrated a downward trend over the same period. While the share of Cambodia (+70 p.p.) and Malaysia (+3.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Philippines (-7.5 p.p.) and Indonesia (-46.4 p.p.) displayed negative dynamics.

In value terms, Cambodia ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 86% of total exports.

Among the main exporting countries, Cambodia, with a CAGR of +54.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, picking up by 17% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+0.3%), while the other leaders experienced a decline in the export price figures.

Imports of Marble And Travertine Blocks And Slabs

Imports in South-Eastern Asia

In 2022, supplies from abroad of marble and travertine blocks and slabs increased by 22% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports, however, recorded a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of 32%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, marble and travertine blocks imports soared to $X in 2022. In general, imports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X tons), Indonesia (X tons) and Vietnam (X tons) was the key importer of marble and travertine blocks and slabs in South-Eastern Asia, creating 80% of total import. It was distantly followed by Singapore (X tons) and Malaysia (X tons), together achieving a 17% share of total imports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +25.0%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest marble and travertine blocks importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 86% of total imports. Singapore, Malaysia and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 14%.

Among the main importing countries, Lao People's Democratic Republic, with a CAGR of +24.6%, saw the highest growth rate of 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 import price in South-Eastern Asia stood at $X per ton in 2022, increasing by 5.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2017 an increase of 12% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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