Vietnam: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Vietnam

The Vietnamese marble and travertine crude market shrank slightly to $X in 2022, reducing by -1.6% against the previous year. In general, consumption recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 3.9%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Marble And Travertine in Vietnam

In value terms, marble and travertine crude production reduced modestly to $X in 2022 estimated in export price. In general, production showed a deep setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2.7% against the previous year. Marble and travertine crude production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine

Exports from Vietnam

After two years of decline, shipments abroad of marble and travertine increased by 13% to X tons in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 148% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine crude exports skyrocketed to $X in 2022. In general, exports posted a tangible increase. The most prominent rate of growth was recorded in 2013 with an increase of 234% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), India (X tons) and Italy (X tons) were the main destinations of marble and travertine crude exports from Vietnam, with a combined 78% share of total exports. China, Spain and Belgium lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +19.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for marble and travertine crude exported from Vietnam were Italy ($X), Taiwan (Chinese) ($X) and India ($X), together comprising 82% of total exports. Spain, China and Belgium lagged somewhat behind, together comprising a further 14%.

Belgium, with a CAGR of +23.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average marble and travertine crude export price amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.6%. The growth pace was the most rapid in 2013 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Italy (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into Vietnam

In 2022, overseas purchases of marble and travertine were finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when imports increased by 306%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, marble and travertine crude imports soared to $X in 2022. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 257%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of marble and travertine crude to Vietnam, accounting for a 65% share of total imports. Moreover, marble and travertine crude imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. Portugal (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to +33.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-14.6% per year) and Portugal (-12.8% per year).

In value terms, Italy ($X) constituted the largest supplier of marble and travertine to Vietnam, comprising 79% of total imports. The second position in the ranking was held by Portugal ($X), with an 8.5% share of total imports. It was followed by Spain, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy totaled +30.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-8.6% per year) and Spain (-18.8% per year).

Import Prices by Country

In 2022, the average marble and travertine crude import price amounted to $X per ton, falling by -1.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 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 Iran (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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