Thailand: Market for Marble And Travertine Blocks And Slabs 2024

Market Size for Marble And Travertine Blocks And Slabs in Thailand

In 2022, the Thai marble and travertine blocks market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, saw a perceptible downturn. Marble and travertine blocks consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Marble And Travertine Blocks And Slabs in Thailand

In value terms, marble and travertine blocks production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 57%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports from Thailand

In 2022, the amount of marble and travertine blocks and slabs exported from Thailand shrank notably to X tons, declining by -17.5% against the year before. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2020 with an increase of 749%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine blocks exports soared to $X in 2022. Overall, exports continue to indicate a dramatic downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Myanmar (X tons), Singapore (X tons) and China (X tons) were the main destinations of marble and travertine blocks exports from Thailand, together accounting for 92% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +87.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) emerged as the key foreign market for marble and travertine blocks and slabs exports from Thailand, comprising 58% of total exports. The second position in the ranking was held by Lao People's Democratic Republic ($X), with a 19% share of total exports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Singapore totaled +75.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-19.2% per year) and China (-2.2% per year).

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, increasing by 309% against the previous year. Overall, the export price, however, saw a drastic downturn. The export price peaked at $X per ton in 2016; however, from 2017 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 Singapore ($X per ton), while the average price for exports to Myanmar ($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 China (+7.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Marble And Travertine Blocks And Slabs

Imports into Thailand

In 2022, overseas purchases of marble and travertine blocks and slabs were finally on the rise to reach X tons for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, recorded a noticeable descent. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, marble and travertine blocks imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant expansion. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Greece (X tons) and Italy (X tons) were the main suppliers of marble and travertine blocks imports to Thailand, together accounting for 69% of total imports. Portugal, India, Hong Kong SAR, China and Spain lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine blocks suppliers to Thailand were Turkey ($X), Italy ($X) and Greece ($X), with a combined 76% share of total imports. Portugal, India, China, Hong Kong SAR and Spain lagged somewhat behind, together accounting for a further 14%.

Hong Kong SAR, with a CAGR of +33.5%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average marble and travertine blocks import price amounted to $X per ton, increasing by 14% against the previous year. In general, the import price continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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