Sri Lanka: Market for Marble And Travertine 2025

Market Size for Marble And Travertine in Sri Lanka

In 2022, after two years of growth, there was decline in the Sri Lankan marble and travertine crude market, when its value decreased by -1.5% to $X. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Marble And Travertine in Sri Lanka

In value terms, marble and travertine crude production stood at $X in 2022 estimated in export price. Overall, production recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Marble and travertine crude production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine

Exports from Sri Lanka

In 2022, the amount of marble and travertine exported from Sri Lanka declined rapidly to X tons, which is down by -20.9% on the previous year. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 714%. Over the period under review, the crude exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports fell slightly to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when exports increased by 460% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the crude exports remained at a somewhat lower figure.

Exports by Country

Switzerland (X tons) and Maldives (X tons) were the main destinations of marble and travertine crude exports from Sri Lanka.

From 2012 to 2022, the biggest increases were recorded for Switzerland (with a CAGR of 0.0%).

In value terms, Switzerland ($X) and Maldives ($X) appeared to be the largest markets for marble and travertine crude exported from Sri Lanka worldwide.

Among the main countries of destination, Switzerland, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, jumping by 21% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 when the average export price increased by 114%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Maldives amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-3.9%).

Imports of Marble And Travertine

Imports into Sri Lanka

Marble and travertine crude imports into Sri Lanka shrank remarkably to X tons in 2022, which is down by -97.1% compared with the year before. Overall, imports faced a sharp shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 488%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, marble and travertine crude imports contracted notably to $X in 2022. In general, imports faced a significant decline. The pace of growth was the most pronounced in 2018 when imports increased by 593% against the previous year. Over the period under review, crude imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of marble and travertine crude to Sri Lanka, accounting for a 79% share of total imports. Moreover, marble and travertine crude imports from Italy exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at -24.7%.

In value terms, the largest marble and travertine crude suppliers to Sri Lanka were Italy ($X) and Turkey ($X).

In terms of the main suppliers, Italy, with a CAGR of -26.7%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average marble and travertine crude import price amounted to $X per ton, with an increase of 8% against the previous year. Over the period under review, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 120%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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