U.S.: Marble Building Stone Market 2024

Marble Building Stone Market Size in the U.S.

The U.S. marble building stone market rose rapidly to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Marble Building Stone Production in the U.S.

In value terms, marble building stone production stood at $X in 2022. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. Marble building stone production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Marble Building Stone Exports

Exports from the U.S.

After two years of growth, shipments abroad of marble building stone decreased by X% to X tons in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble building stone exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Bahamas (X tons), Canada (X tons) and Mexico (X tons) were the main destinations of marble building stone exports from the United States, together comprising X% of total exports. Antigua and Barbuda, Turkey, Spain, Jamaica, Italy, Qatar, Cayman Islands, the UK and British Virgin Islands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Antigua and Barbuda (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for marble building stone exports from the United States, comprising X% of total exports. The second position in the ranking was held by Bahamas ($X), with a X% share of total exports. It was followed by Mexico, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (X% per year) and Mexico (X% per year).

Export Prices by Country

In 2022, the average marble building stone export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into the U.S.

In 2022, approx. X tons of marble building stone were imported into the United States; surging by X% on 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, marble building stone imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of marble building stone to the United States, accounting for a X% share of total imports. Moreover, marble building stone imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Italy (X% per year).

In value terms, Italy ($X), Turkey ($X) and China ($X) were the largest marble building stone suppliers to the United States, with a combined X% share of total imports. India, Brazil, Mexico, Vietnam and Spain lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average marble building stone import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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