Spain: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Spain

The Spanish marble and travertine crude market surged to $X in 2022, growing by 20% against the previous year. Over the period under review, consumption, however, continues to indicate a abrupt shrinkage. Marble and travertine crude consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Spain

In value terms, marble and travertine crude production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 10%. Over the period under review, crude production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine

Exports from Spain

In 2022, approx. X tons of marble and travertine were exported from Spain; with a decrease of -14% against the year before. Overall, exports faced a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 1.7% against the previous year. Over the period under review, the crude exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine crude exports contracted significantly to $X in 2022. In general, exports faced a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 2.9% against the previous year. Over the period under review, the crude exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for marble and travertine crude exports from Spain, with a 56% share of total exports. Moreover, marble and travertine crude exports to China exceeded the volume sent to the second major destination, Egypt (X tons), twofold. The third position in this ranking was taken by Morocco (X tons), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-0.4% per year) and Morocco (-4.6% per year).

In value terms, China ($X) remains the key foreign market for marble and travertine exports from Spain, comprising 51% of total exports. The second position in the ranking was held by Egypt ($X), with a 15% share of total exports. It was followed by Morocco, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+0.5% per year) and Morocco (+2.1% per year).

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, falling by -6.2% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 24%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Egypt ($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 Morocco (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into Spain

In 2022, supplies from abroad of marble and travertine increased by 9.3% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude imports increased by +45.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of crude imports remained at a somewhat lower figure.

In value terms, marble and travertine crude imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude imports increased by +74.4% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 34% against the previous year. Over the period under review, crude imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Mexico (X tons) and Turkey (X tons) were the main suppliers of marble and travertine crude imports to Spain, together comprising 63% of total imports. Iran, Tunisia, France, Morocco and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +91.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude suppliers to Spain were Italy ($X), Mexico ($X) and Turkey ($X), together comprising 67% of total imports. Iran, Tunisia, Morocco, France and Germany lagged somewhat behind, together comprising a further 19%.

Among the main suppliers, France, with a CAGR of +67.3%, recorded 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 average marble and travertine crude import price stood at $X per ton in 2022, with an increase of 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 when the average import price increased by 20% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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