U.S.: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in the U.S.

The U.S. marble and travertine crude market amounted to $X in 2022, growing by 4% against the previous year. In general, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude consumption decreased by -3.7% against 2020 indices. Marble and travertine crude consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in the U.S.

In value terms, marble and travertine crude production amounted to $X in 2022. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude production decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Marble and travertine crude production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Marble And Travertine

Exports from the U.S.

In 2022, shipments abroad of marble and travertine decreased by -21.3% to X tons, falling for the fourth consecutive year after two years of growth. Overall, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 when exports increased by 450% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine crude exports declined dramatically to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 664% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for marble and travertine crude exports from the United States, accounting for a 61% share of total exports. Moreover, marble and travertine crude exports to Italy exceeded the volume sent to the second major destination, Canada (X tons), fourfold. China (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+23.5% per year) and China (+5.1% per year).

In value terms, Italy ($X) remains the key foreign market for marble and travertine exports from the United States, comprising 75% of total exports. The second position in the ranking was held by Canada ($X), with an 8.3% share of total exports. It was followed by China, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+26.4% per year) and China (+11.0% per year).

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Canada ($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 (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into the U.S.

In 2022, approx. X tons of marble and travertine were imported into the United States; declining by -13.2% compared with the previous year. In general, imports recorded a precipitous decrease. The growth pace was the most rapid in 2016 when imports increased by 83% against the previous year. 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 skyrocketed to $X in 2022. Overall, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 90% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Italy (X tons), Turkey (X tons) and Mexico (X tons) were the main suppliers of marble and travertine crude imports to the United States, with a combined 74% share of total imports. Canada, Spain, China and Tunisia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +20.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude suppliers to the United States were Italy ($X), Mexico ($X) and Spain ($X), together accounting for 79% of total imports.

Mexico, with a CAGR of +38.6%, saw the highest growth rate of 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

The average marble and travertine crude import price stood at $X per ton in 2022, rising by 33% against the previous year. Over the period under review, the import price enjoyed resilient growth. The pace of growth was the most pronounced in 2021 an increase of 49%. The import price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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