Report Update Nov 1, 2024

Sri Lanka - Crude Marble and Travertine - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Marble And Travertine 2024

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

Frequently Asked Questions (FAQ) :

What are the largest markets for marble and travertine in the world?

China remains the largest marble and travertine crude consuming country worldwide, accounting for 17% of total volume. Moreover, marble and travertine crude consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Turkey ranked third in terms of total consumption with a 6.9% share.

What are the largest producers of marble and travertine in the world?

The countries with the highest volumes of marble and travertine crude production in 2021 were China, the United States and Turkey, together comprising 32% of global production.

What are the leading suppliers of marble and travertine to Sri Lanka?

In value terms, Italy constituted the largest supplier of marble and travertine crude to Sri Lanka, comprising 64% of total imports. The second position in the ranking was occupied by Greece, with a 23% share of total imports. It was followed by India, with a 4.6% share.

What are the leading importers of marble and travertine from Sri Lanka?

In value terms, Maldives remains the key foreign market for marble and travertine crude exports from Sri Lanka.

What is the average export price for marble and travertine in Sri Lanka?

In 2021, the average marble and travertine crude export price amounted to $1,728 per ton, which is down by -5.7% against the previous year.

What is the average import price for marble and travertine in Sri Lanka?

In 2021, the average marble and travertine crude import price amounted to $344 per ton, jumping by 85% against the previous year.

This report provides an in-depth analysis of the market for marble and travertine crude in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111133 - Marble and travertine, crude or roughly trimmed

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023