Vietnam: Marble And Travertine Market 2022

Marble And Travertine Market Size in Vietnam

The Vietnamese marble and travertine market contracted to $X in 2021, declining by -12.8% against the previous year. In general, consumption saw a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Marble And Travertine Production in Vietnam

In value terms, marble and travertine production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 with an increase of 42% 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 Vietnam

In 2021, shipments abroad of marble and travertine decreased by -40.8% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 76% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, marble and travertine exports surged to $X in 2021. In general, exports, however, posted a slight expansion. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X tons) was the main destination for marble and travertine exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to +119.3%.

In value terms, Oman ($X) emerged as the key foreign market for marble and travertine exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +109.1%.

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, picking up by 109% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Oman.

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -2.0% per year.

Marble And Travertine Imports

Imports into Vietnam

In 2021, overseas purchases of marble and travertine increased by 15% to X tons, rising for the second year in a row after two years of decline. In general, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 69%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports dropped to $X in 2021. Overall, imports saw prominent growth. The growth pace was the most rapid in 2013 when imports increased by 60%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X tons), Italy (X tons) and Greece (X tons) were the main suppliers of marble and travertine imports to Vietnam, together accounting for 81% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +37.0%), 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 Vietnam, together accounting for 84% of total imports.

Italy, with a CAGR of +37.8%, recorded 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

In 2021, the average marble and travertine import price amounted to $X per ton, reducing by -17.6% against the previous year. Over the period under review, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 9.1%. As a result, import price reached the peak level of $X per ton, and then declined significantly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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