Report Update Apr 1, 2024

Republic of Korea - Marble and Travertine - Market Analysis, Forecast, Size, Trends and Insights

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Republic of Korea: Marble And Travertine Market 2024

Marble And Travertine Market Size in Republic of Korea

In 2022, after three years of decline, there was significant growth in the South Korean marble and travertine market, when its value increased by X% to $X. In general, consumption saw a relatively flat trend pattern. Marble and travertine consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Marble And Travertine Exports

Exports from Republic of Korea

In 2022, approx. X tons of marble and travertine were exported from South Korea; growing by X% on the year before. Over the period under review, exports continue to indicate a resilient increase. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, marble and travertine exports soared to $X in 2022. Overall, exports, however, faced a abrupt decline. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for marble and travertine exports from South Korea, with a X% share of total exports. Moreover, marble and travertine exports to Vietnam exceeded the volume sent to the second major destination, China (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled X%.

In value terms, Vietnam ($X) remains the key foreign market for marble and travertine exports from South Korea, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to X%.

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, falling by X% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Marble And Travertine Imports

Imports into Republic of Korea

In 2022, after three years of decline, there was significant growth in supplies from abroad of marble and travertine, when their volume increased by X% to X tons. In general, imports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, marble and travertine imports skyrocketed to $X in 2022. Overall, imports recorded a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Oman (X tons) constituted the largest supplier of marble and travertine to South Korea, accounting for a X% share of total imports. Moreover, marble and travertine imports from Oman exceeded the figures recorded by the second-largest supplier, Morocco (X tons), fourfold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Oman totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Morocco (X% per year) and Turkey (X% per year).

In value terms, Oman ($X) constituted the largest supplier of marble and travertine to South Korea, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Oman amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2021, the average marble and travertine import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for marble and travertine in the world?

China remains the largest marble and travertine consuming country worldwide, comprising approx. 21% of total volume. Moreover, marble and travertine consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. Italy ranked third in terms of total consumption with a 6% share.

What are the largest producers of marble and travertine in the world?

The countries with the highest volumes of production in 2022 were China, Turkey and the United States, together comprising 30% of global production.

What are the leading suppliers of marble and travertine to Republic of Korea?

In value terms, Oman constituted the largest supplier of marble and travertine to South Korea, comprising 43% of total imports. The second position in the ranking was held by Italy, with a 15% share of total imports. It was followed by Turkey, with a 10% share.

What are the leading importers of marble and travertine from Republic of Korea?

In value terms, Vietnam remains the key foreign market for marble and travertine exports from South Korea, comprising 88% of total exports. The second position in the ranking was held by China, with an 11% share of total exports.

What is the average export price for marble and travertine in Republic of Korea?

In 2021, the average marble and travertine export price amounted to $649 per ton, declining by -86.3% against the previous year.

What is the average import price for marble and travertine in Republic of Korea?

In 2021, the average marble and travertine import price amounted to $517 per ton, increasing by 67% against the previous year.

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

South Korea

Data coverage:

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