Asia: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Asia

In 2022, the Asian marble and travertine crude market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Asia

In value terms, marble and travertine crude production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, crude production growth remained at a lower figure.

Exports of Marble And Travertine

Exports in Asia

In 2022, the amount of marble and travertine exported in Asia amounted to X tons, increasing by X% against the previous year's figure. In general, exports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, marble and travertine crude exports contracted to $X in 2022. Overall, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the crude exports failed to regain momentum.

Exports by Country

Iran was the main exporter of marble and travertine in Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports. The following exporters - China (X tons) and Afghanistan (X tons) - each amounted to an X% share of total exports.

Exports from Iran increased at an average annual rate of X% from 2012 to 2022. At the same time, Afghanistan (X%) and China (X%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. Iran (X p.p.), Afghanistan (X p.p.) and China (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Iran ($X) remains the largest marble and travertine crude supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by China, with a X% share.

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

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 China ($X per ton), while Iran ($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 (X%), while the other leaders experienced a decline in the export price figures.

Imports of Marble And Travertine

Imports in Asia

In 2022, marble and travertine crude imports in Asia reduced dramatically to X tons, which is down by X% compared with 2021 figures. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, crude imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, marble and travertine crude imports contracted significantly to $X in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. Taiwan (Chinese) (X tons) held the second position in the ranking, followed by Pakistan (X tons) and Saudi Arabia (X tons). All these countries together held approx. X% share of total imports. Turkey (X tons), Iran (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine crude imports into China stood at X%. At the same time, Pakistan (X%), Bangladesh (X%), Iran (X%), Turkey (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Taiwan (Chinese) (X%) illustrated a downward trend over the same period. While the share of Pakistan (X p.p.), Saudi Arabia (X p.p.), Turkey (X p.p.), Taiwan (Chinese) (X p.p.), Iran (X p.p.) and Bangladesh (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported marble and travertine in Asia, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 crude import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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