Vietnam: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Vietnam

The Vietnamese marble and travertine crude market expanded notably to $X in 2022, with an increase of 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 peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Vietnam

In value terms, marble and travertine crude production rose remarkably to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value 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, crude production decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, crude production growth remained at a lower figure.

Exports of Marble And Travertine

Exports from Vietnam

Marble and travertine crude exports from Vietnam declined notably to X tons in 2022, waning by X% on 2021. Overall, exports showed a perceptible reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, marble and travertine crude exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), China (X tons) and Italy (X tons) were the main destinations of marble and travertine crude exports from Vietnam, with a combined X% share of total exports. These countries were followed by Pakistan, which accounted for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Pakistan (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for marble and travertine crude exported from Vietnam were Taiwan (Chinese) ($X), Italy ($X) and China ($X), together accounting for X% of total exports. Pakistan lagged somewhat behind, comprising a further X%.

Among the main countries of destination, Pakistan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average marble and travertine crude export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a temperate increase 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. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Pakistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Marble And Travertine

Imports into Vietnam

For the fourth year in a row, Vietnam recorded decline in purchases abroad of marble and travertine, which decreased by X% to X tons in 2022. In general, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, crude imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, marble and travertine crude imports reduced to $X in 2022. Overall, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, crude imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Portugal (X tons) constituted the largest marble and travertine crude supplier to Vietnam, accounting for a X% share of total imports. Moreover, marble and travertine crude imports from Portugal exceeded the figures recorded by the second-largest supplier, Turkey (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

In value terms, Portugal ($X) constituted the largest supplier of marble and travertine to Vietnam, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Portugal stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the average marble and travertine crude import price amounted to $X per ton, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Portugal ($X per ton), while the price for Turkey ($X per ton) and Spain ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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