Southern Asia: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Southern Asia

The South Asian marble and travertine crude market was estimated at $X in 2022, picking up by 1.7% against the previous year. Over the period under review, consumption saw a perceptible decrease. The pace of growth appeared the most rapid in 2020 when the market value increased by 8.3% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine in Southern Asia

In value terms, marble and travertine crude production rose slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Over the period under review, crude production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Marble And Travertine

Exports in Southern Asia

In 2022, approx. X tons of marble and travertine were exported in Southern Asia; shrinking by -4.8% on the year before. Over the period under review, exports, however, enjoyed a perceptible expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 191% against the previous year. Over the period under review, the crude exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine crude exports fell to $X in 2022. Overall, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 132% against the previous year. The level of export peaked at $X in 2021, and then dropped in the following year.

Exports by Country

In 2022, Afghanistan (X tons) represented the major exporter of marble and travertine, creating 71% of total exports. Pakistan (X tons) held the second position in the ranking, distantly followed by India (X tons). All these countries together took approx. 29% share of total exports.

Afghanistan was also the fastest-growing in terms of the marble and travertine exports, with a CAGR of +37.8% from 2012 to 2022. At the same time, India (+25.1%) displayed positive paces of growth. By contrast, Pakistan (-11.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan and India increased by +67 and +7.8 percentage points, respectively.

In value terms, Afghanistan ($X) remains the largest marble and travertine crude supplier in Southern Asia, comprising 74% of total exports. The second position in the ranking was taken by Pakistan ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Afghanistan totaled +37.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (-12.8% per year) and India (+26.4% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, falling by -9.3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 40% against the previous year. The level of export peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the other leaders experienced a decline in the export price figures.

Imports of Marble And Travertine

Imports in Southern Asia

In 2022, approx. X tons of marble and travertine were imported in Southern Asia; falling by -32.1% compared with 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 147% against the previous year. Over the period under review, crude imports hit record highs at X tons in 2021, and then fell notably in the following year.

In value terms, marble and travertine crude imports reduced notably to $X in 2022. In general, imports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of 85%. The level of import peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

Pakistan represented the largest importing country with an import of around X tons, which recorded 73% of total imports. It was distantly followed by Bangladesh (X tons), committing a 21% share of total imports. The following importers - India (X tons) and Nepal (X tons) - each accounted for a 4.6% share of total imports.

Pakistan was also the fastest-growing in terms of the marble and travertine imports, with a CAGR of +28.4% from 2012 to 2022. At the same time, Bangladesh (+24.3%) and Nepal (+23.7%) displayed positive paces of growth. By contrast, India (-11.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Pakistan, Bangladesh and Nepal increased by +63, +17 and +1.6 percentage points, respectively.

In value terms, Pakistan ($X) constitutes the largest market for imported marble and travertine in Southern Asia, comprising 71% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 21% share of total imports. It was followed by India, with a 3.3% share.

In Pakistan, marble and travertine crude imports increased at an average annual rate of +39.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+27.8% per year) and India (-9.6% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, with a decrease of -6.7% against the previous year. Over the period under review, the import price recorded a noticeable downturn. The growth pace was the most rapid in 2016 when the import price increased by 48% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :