Report Update: May 1, 2024

Sri Lanka - Marble And Travertine - Market Analysis, Forecast, Size, Trends and Insights

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Marble and Travertine Price in Sri Lanka - 2021

Marble and Travertine Price in Sri Lanka (CIF) - 2022

The average marble and travertine import price stood at $416 per ton in 2021, picking up by 13% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble and travertine import price increased by +60.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($427 per ton), while the price for Oman ($148 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.0%), while the prices for the other major suppliers experienced a decline.

Marble and Travertine Price in Sri Lanka (FOB) - 2022

In 2021, the average marble and travertine export price amounted to $344 per ton, which is down by -4.5% against the previous year. Overall, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 an increase of 64% against the previous year. Over the period under review, the average export prices attained the peak figure at $1,396 per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($1,606 per ton), while the average price for exports to the UK ($366 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+11.9%), while the prices for the other major destinations experienced a decline.

Marble and Travertine Imports in Sri Lanka

In 2022, overseas purchases of marble and travertine decreased by -38.4% to 591 tons, falling for the second consecutive year after two years of growth. Overall, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2020 when imports increased by 22%. As a result, imports attained the peak of 9.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, marble and travertine imports reduced remarkably to $234K in 2022. In general, imports showed a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, imports attained the peak of $3.6M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Marble and Travertine in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Turkey	242	43.5	151	-21.0%
Oman	25.7	23.3	148	140.0%
India	46.1	21.2	41.1	-5.6%
Italy	527	167	34.3	-74.5%
China	103	1,635	17.6	-58.7%
Hong Kong SAR	408	127	4.8	-89.2%
Others	1,187	1,557	2.6	-95.3%
Total	2,539	3,574	399	-60.4%

Top Suppliers of Marble and Travertine to Sri Lanka in 2022:

Oman (1000.2 tons)
Turkey (952.2 tons)
India (233.8 tons)
China (117.6 tons)
Italy (80.4 tons)
Hong Kong SAR (23.2 tons)

Marble and Travertine Exports in Sri Lanka

In 2022, exports of marble and travertine from Sri Lanka skyrocketed to 122 tons, jumping by 98% compared with the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 763%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, marble and travertine exports skyrocketed to $31K in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 399% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Marble and Travertine in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
United Kingdom	N/A	N/A	5.8	0%
Maldives	1.4	7.9	1.0	-15.5%
India	1.0	4.0	0.3	-45.2%
Others	N/A	N/A	14.2	0%
Total	2.4	11.8	21.3	197.9%

Top Export Markets for Marble and Travertine from Sri Lanka in 2022:

United Kingdom (15.8 tons)
Maldives (2.3 tons)
India (0.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the marble and travertine market in Sri Lanka. 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:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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