Report Update: May 1, 2024

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

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Price for Marble and Travertine Blocks in Sri Lanka - 2021

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

In 2022, the average marble and travertine blocks import price amounted to $253 per ton, dropping by -25.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $431 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($404 per ton), while the price for Turkey ($181 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average marble and travertine blocks export price stood at $339 per ton in 2022, reducing by -1.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 23%. Over the period under review, the average export prices hit record highs at $611 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +16.8% per year.

Imports of Marble and Travertine Blocks in Sri Lanka

In 2022, the amount of marble and travertine blocks and slabs imported into Sri Lanka declined remarkably to 761 tons, reducing by -26.2% on the year before. Overall, imports showed a precipitous decline. The smallest decline of -25.8% was in 2021.

In value terms, marble and travertine blocks imports dropped rapidly to $193K in 2022. In general, imports faced a sharp contraction. The smallest decline of -41.5% was in 2021.

Import of Marble and Travertine Blocks in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	162	8.6	8.6	81.0	-20.6%
India	31.1	5.5	2.6	43.1	11.5%
Italy	308	41.1	16.5	33.7	-52.2%
China	64.9	426	215	25.8	-26.5%
Pakistan	1.9	0.5	0.5	9.1	68.6%
Hong Kong SAR	262	75.3	67.8	N/A	-49.1%
Vietnam	20.0	4.3	2.9	N/A	-61.9%
Iran	82.6	23.7	21.4	N/A	-49.1%
Others	166	14.3	15.0	N/A	-69.9%
Total	1,099	600	351	193	-44.0%

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

Turkey (447.5 tons)
India (106.6 tons)
Italy (100.0 tons)
China (81.8 tons)
Pakistan (25.0 tons)

Exports of Marble and Travertine Blocks in Sri Lanka

Marble and travertine blocks exports from Sri Lanka skyrocketed to 92 tons in 2022, growing by 49% on the previous year's figure. In general, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 88% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, marble and travertine blocks exports skyrocketed to $31K in 2022. Over the period under review, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 80%. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Marble and Travertine Blocks in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Maldives	14.5	7.9	2.9	31.2	29.1%
India	10.4	4.0	1.0	N/A	-69.0%
United Kingdom	N/A	N/A	17.4	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	25.0	11.8	21.3	31.2	7.7%

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

Maldives (92.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for marble and travertine blocks 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 08111136 - Marble and travertine merely cut into rectangular or square blocks or slabs

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