Overview of the Global Market for Marble And Travertine Blocks And Slabs

Market Size for Marble And Travertine Blocks And Slabs

The global marble and travertine blocks market contracted sharply to $X in 2022, dropping by -18.6% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

Production of Marble And Travertine Blocks And Slabs

In value terms, marble and travertine blocks production dropped to $X in 2022 estimated in export price. In general, production, however, showed pronounced growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 80% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports

Global marble and travertine blocks exports reduced to X tons in 2022, remaining relatively unchanged against the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 32% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine blocks exports reduced to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey represented the main exporting country with an export of around X tons, which amounted to 54% of total exports. Egypt (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Iran (6.4%). Italy (X tons), Portugal (X tons), the United Arab Emirates (X tons), North Macedonia (X tons), India (X tons), Pakistan (X tons) and Spain (X tons) took a relatively small share of total exports.

Exports from Turkey decreased at an average annual rate of -1.0% from 2012 to 2022. At the same time, the United Arab Emirates (+44.7%), North Macedonia (+12.8%) and Egypt (+12.8%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of +44.7% from 2012-2022. By contrast, Iran (-1.1%), Portugal (-1.5%), Italy (-5.9%), India (-6.6%), Pakistan (-8.7%) and Spain (-11.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt and the United Arab Emirates increased by +9.4 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest marble and travertine blocks supplier worldwide, comprising 47% of global exports. The second position in the ranking was held by Egypt ($X), with an 8.4% share of global exports. It was followed by Iran, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Turkey was relatively modest. In the other countries, the average annual rates were as follows: Egypt (+0.5% per year) and Iran (+2.3% per year).

Export Prices by Country

The average marble and travertine blocks export price stood at $X per ton in 2022, declining by -3.2% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 10%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Egypt ($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 (+3.4%), while the other global leaders experienced more modest paces of growth.

Imports of Marble And Travertine Blocks And Slabs

Imports

In 2022, global marble and travertine blocks imports reduced to X tons, waning by -14.1% on 2021 figures. Overall, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of 112%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of global imports failed to regain momentum.

In value terms, marble and travertine blocks imports declined notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

In 2022, China (X tons) was the main importer of marble and travertine blocks and slabs, constituting 65% of total imports. It was distantly followed by India (X tons), comprising a 21% share of total imports. Algeria (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine blocks imports into China stood at -3.0%. At the same time, India (+9.0%) and Algeria (+3.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +9.0% from 2012-2022. India (+14 p.p.) significantly strengthened its position in terms of the global imports, while China saw its share reduced by -10.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported marble and travertine blocks and slabs worldwide, comprising 65% of global imports. The second position in the ranking was taken by India ($X), with an 18% share of global imports.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. In the other countries, the average annual rates were as follows: India (+4.8% per year) and Algeria (+2.2% per year).

Import Prices by Country

The average marble and travertine blocks import price stood at $X per ton in 2022, dropping by -2.3% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, marble and travertine blocks import price increased by +34.6% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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