U.S.: Marble And Travertine Market 2022

Marble And Travertine Market Size in the U.S.

After three years of decline, the U.S. marble and travertine market increased by 5.1% to $X in 2021. Overall, consumption continues to indicate a mild decline. Marble and travertine consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Marble And Travertine Production in the U.S.

In value terms, marble and travertine production surged to $X in 2021. In general, production saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when the production volume increased by 78% against the previous year. 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 the U.S.

Marble and travertine exports from the United States contracted to X tons in 2021, with a decrease of -12% on the previous year's figure. In general, exports saw a pronounced slump. The pace of growth was the most pronounced in 2014 when exports increased by 84% against the previous year. 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 reduced to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 53% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for marble and travertine exports from the United States, with a 74% share of total exports. Moreover, marble and travertine exports to Canada exceeded the volume sent to the second major destination, Italy (X tons), fourfold. Mexico (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.3% per year) and Mexico (+9.9% per year).

In value terms, the largest markets for marble and travertine exported from the United States were Canada ($X), Italy ($X) and Mexico ($X), with a combined 93% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +9.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, with an increase of 4% against the previous year. Overall, the export price continues to indicate tangible growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 90%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Marble And Travertine Imports

Imports into the U.S.

In 2021, supplies from abroad of marble and travertine increased by 25% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.5% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by 41% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, marble and travertine imports skyrocketed to $X in 2021. Overall, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2017; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Canada (X tons) constituted the largest marble and travertine supplier to the United States, with a 56% share of total imports. Moreover, marble and travertine imports from Canada exceeded the figures recorded by the second-largest supplier, India (X tons), fivefold. The third position in this ranking was taken by Egypt (X tons), with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+30.5% per year) and Egypt (+45.8% per year).

In value terms, India ($X), Italy ($X) and Canada ($X) were the largest marble and travertine suppliers to the United States, together accounting for 60% of total imports. Turkey, Egypt, China, Greece, France and the Dominican Republic lagged somewhat behind, together comprising a further 22%.

Greece, with a CAGR of +66.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average marble and travertine import price amounted to $X per ton, with an increase of 15% against the previous year. Over the period under review, the import price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 18%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Haiti (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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