Thailand: Marble And Travertine Market 2022

Marble And Travertine Market Size in Thailand

In 2021, the Thai marble and travertine market increased by 3.9% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the market value increased by 4.3%. Marble and travertine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Marble And Travertine Production in Thailand

In value terms, marble and travertine production expanded to $X in 2021 estimated in export price. Overall, production, however, saw a perceptible downturn. Marble and travertine production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Marble And Travertine Exports

Exports from Thailand

In 2021, the amount of marble and travertine exported from Thailand declined sharply to X tons, dropping by -79.9% on the previous year. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 1,434%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, marble and travertine exports contracted remarkably to $X in 2021. In general, exports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 1,270%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for marble and travertine exports from Thailand, with a 94% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +9.2%.

In value terms, the largest markets for marble and travertine exported from Thailand were China ($X) and Lao People's Democratic Republic ($X).

In terms of the main countries of destination, China, with a CAGR of +4.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, declining by -9% against the previous year. Over the period under review, the export price faced a significant decrease. The growth pace was the most rapid in 2019 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+26.1%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into Thailand

In 2021, purchases abroad of marble and travertine decreased by -9.3% to X tons, falling for the fifth year in a row after two years of growth. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of 41%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports totaled $X in 2021. Overall, imports continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 35% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and Greece (X tons) were the main suppliers of marble and travertine imports to Thailand, together comprising 73% of total imports. India, the United Arab Emirates, China, Morocco, Singapore, Pakistan, Brazil, Portugal and Spain lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +345.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Turkey ($X) and Greece ($X) appeared to be the largest marble and travertine suppliers to Thailand, together comprising 80% of total imports. China, the United Arab Emirates, India, Singapore, Morocco, Brazil, Pakistan, Portugal and Spain lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +254.5%, 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

In 2021, the average marble and travertine import price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble and travertine import price increased by +86.6% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 29%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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