Marble And Travertine Blocks Market

The article discusses the current trends in the global marble and travertine blocks market, with forecasts suggesting a continued upward consumption trend over the next eight years. From 2022 to 2030, market performance is expected to expand with a CAGR of +3.7% in volume terms, reaching 18M tons by 2030, and +4.9% in value terms, reaching $7.2B by the end of 2030. The article also provides insights into consumption, production, exports, and imports of marble and travertine blocks and slabs, highlighting key countries and their growth rates in the market.

Market Forecast

Driven by increasing demand for marble and travertine blocks and slabs worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.7% for the period from 2022 to 2030, which is projected to bring the market volume to 18M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $7.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Marble And Travertine Blocks And Slabs

In 2022, consumption of marble and travertine blocks and slabs increased by less than 0.1% to 14M tons, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at 14M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global marble and travertine blocks market value rose to $4.9B in 2022, picking up by 5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a prominent expansion. Global consumption peaked at $5.6B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (4.2M tons), Turkey (3.5M tons) and Egypt (1.7M tons), together accounting for 69% of global consumption. India, Pakistan, Spain, Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +23.6%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($2.1B) led the market, alone. The second position in the ranking was held by China ($1.1B). It was followed by Egypt.

In Turkey, the marble and travertine blocks market increased at an average annual rate of +24.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (-0.9% per year) and Egypt (+3.6% per year).

The countries with the highest levels of marble and travertine blocks per capita consumption in 2022 were Turkey (41 kg per person), the United Arab Emirates (25 kg per person) and Spain (7.9 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United Arab Emirates (with a CAGR of +22.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Marble And Travertine Blocks And Slabs

In 2022, production of marble and travertine blocks and slabs increased by 2.5% to 13M tons for the first time since 2019, thus ending a two-year declining trend. The total output volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the production volume increased by 10% against the previous year. Over the period under review, global production reached the peak volume at 13M tons in 2019; however, from 2020 to 2022, production remained at a lower figure.

In value terms, marble and travertine blocks production declined to $5.8B in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The growth pace was the most rapid in 2018 when the production volume increased by 101% against the previous year. Global production peaked at $18.9B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

The country with the largest volume of marble and travertine blocks production was Turkey (6.9M tons), comprising approx. 55% of total volume. Moreover, marble and travertine blocks production in Turkey exceeded the figures recorded by the second-largest producer, Egypt (1.7M tons), fourfold. Italy (529K tons) ranked third in terms of total production with a 4.2% share.

In Turkey, marble and travertine blocks production increased at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (+1.7% per year) and Italy (-0.0% per year).

Imports

World Imports of Marble And Travertine Blocks And Slabs

In 2022, the amount of marble and travertine blocks and slabs imported worldwide declined to 6.5M tons, with a decrease of -13.3% compared with the previous year's figure. Overall, imports saw a mild descent. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. As a result, imports attained the peak of 9.4M tons. From 2018 to 2022, the growth of global imports remained at a lower figure.

In value terms, marble and travertine blocks imports fell to $1.8B in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 41%. As a result, imports attained the peak of $2.1B, and then declined in the following year.

Imports By Country

China was the key importing country with an import of about 4.2M tons, which resulted at 65% of total imports. It was distantly followed by India (1.4M tons), comprising a 21% 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%) 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. From 2012 to 2022, the share of India increased by +13 percentage points.

In value terms, China ($1.1B) constitutes the largest market for imported marble and travertine blocks and slabs worldwide, comprising 64% of global imports. The second position in the ranking was taken by India ($326M), with an 18% share of global imports.

In China, marble and travertine blocks imports remained relatively stable over the period from 2012-2022.

Import Prices By Country

In 2022, the average marble and travertine blocks import price amounted to $273 per ton, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2016 an increase of 23%. Global import price peaked at $277 per ton in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($271 per ton), while India amounted to $236 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.9%).

Exports

World Exports of Marble And Travertine Blocks And Slabs

In 2022, global exports of marble and travertine blocks and slabs shrank to 5.5M tons, dropping by -11.5% compared with 2021. Overall, exports saw a mild reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. Over the period under review, the global exports attained the peak figure at 8M tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine blocks exports contracted to $1.1B in 2022. In general, exports saw a pronounced descent. The growth pace was the most rapid in 2017 with an increase of 26% against the previous year. The global exports peaked at $1.8B in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports By Country

Turkey dominates exports structure, amounting to 3.4M tons, which was approx. 61% of total exports in 2022. Iran (417K tons) held a 7.6% share (based on physical terms) of total exports, which put it in second place, followed by Italy (5%). Portugal (166K tons), Cambodia (150K tons), India (144K tons), North Macedonia (123K tons), Pakistan (110K tons), Spain (94K tons), Namibia (89K tons) and Greece (83K tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine blocks exports from Turkey stood at -1.0%. At the same time, Cambodia (+161.4%), Namibia (+18.0%), North Macedonia (+12.8%) and Greece (+4.6%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in the world, with a CAGR of +161.4% from 2012-2022. Iran experienced a relatively flat trend pattern. By contrast, Portugal (-1.5%), India (-4.3%), Italy (-5.7%), Pakistan (-8.6%) and Spain (-11.4%) illustrated a downward trend over the same period. While the share of Turkey (+5 p.p.), Cambodia (+2.7 p.p.) and North Macedonia (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Pakistan (-2.1 p.p.), Italy (-2.5 p.p.) and Spain (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($612M) remains the largest marble and travertine blocks supplier worldwide, comprising 54% of global exports. The second position in the ranking was held by Italy ($101M), with an 8.9% share of global exports. It was followed by Iran, with a 7.7% share.

In Turkey, marble and travertine blocks exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-5.3% per year) and Iran (+0.3% per year).

Export Prices By Country

The average marble and travertine blocks export price stood at $206 per ton in 2022, flattening at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 4.4%. The global export price peaked at $226 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Italy ($368 per ton), while Cambodia ($50 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform