Report Update Nov 1, 2024

Vietnam - Marble and Travertine - Market Analysis, Forecast, Size, Trends and Insights

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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

Frequently Asked Questions (FAQ) :

What are the largest markets for marble and travertine in the world?

The countries with the highest volumes of in 2021 were China, Italy and the United States, together accounting for 40% of global consumption. India, Pakistan, Russia, Indonesia, Romania, Mexico, Egypt, Turkey, Iran and France lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of marble and travertine in the world?

The countries with the highest volumes of in 2021 were Italy, China and Turkey, together accounting for 34% of global production.

What are the leading suppliers of marble and travertine to Vietnam?

In value terms, the largest marble and travertine suppliers to Vietnam were Italy, Turkey and Greece, together comprising 91% of total imports.

What are the leading importers of marble and travertine from Vietnam?

In value terms, India remains the key foreign market for marble and travertine exports from Vietnam, comprising 88% of total exports. The second position in the ranking was occupied by Italy, with a 6.7% share of total exports.

What is the average export price for marble and travertine in Vietnam?

In 2021, the average marble and travertine export price amounted to $245 per ton, remaining constant against the previous year.

What is the average import price for marble and travertine in Vietnam?

The average marble and travertine import price stood at $247 per ton in 2021, shrinking by -5.5% against the previous year.

This report provides an in-depth analysis of the marble and travertine market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111133 - Marble and travertine, crude or roughly trimmed
Prodcom 08111136 - Marble and travertine merely cut into rectangular or square blocks or slabs
Prodcom 08111150 - Ecaussine and other calcareous monumental or building stone of an apparent specific gravity . 2,5

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023