Turkey: Marble And Travertine Market 2022

Marble And Travertine Market Size in Turkey

The Turkish marble and travertine market fell markedly to $X in 2021, reducing by -33.2% against the previous year. Overall, consumption continues to indicate a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Marble And Travertine Production in Turkey

In value terms, marble and travertine production declined slightly to $X in 2021 estimated in export price. In general, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Marble And Travertine Exports

Exports from Turkey

In 2021, overseas shipments of marble and travertine were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 30% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, marble and travertine exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for marble and travertine exports from Turkey, with a 71% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, India (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to China stood at -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.7% per year) and Egypt (+11.4% per year).

In value terms, China ($X) remains the key foreign market for marble and travertine exports from Turkey, comprising 78% of total exports. The second position in the ranking was held by India ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+7.6% per year) and Egypt (+14.7% per year).

Export Prices by Country

The average marble and travertine export price stood at $X per ton in 2021, falling by -2.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 11%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Egypt ($X 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 Egypt (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Marble And Travertine Imports

Imports into Turkey

In 2021, imports of marble and travertine into Turkey surged to X tons, with an increase of 29% on the previous year. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 156%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, marble and travertine imports soared to $X in 2021. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 133% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Iran (X tons) constituted the largest marble and travertine supplier to Turkey, accounting for a 46% share of total imports. Moreover, marble and travertine imports from Iran exceeded the figures recorded by the second-largest supplier, North Macedonia (X tons), twofold. The third position in this ranking was held by Greece (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Iran amounted to +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: North Macedonia (+60.2% per year) and Greece (+47.8% per year).

In value terms, the largest marble and travertine suppliers to Turkey were Iran ($X), North Macedonia ($X) and Greece ($X), with a combined 75% share of total imports.

North Macedonia, with a CAGR of +69.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marble and travertine import price stood at $X per ton in 2021, with a decrease of -9.6% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 37%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for Albania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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