Global Marble Building Stone Market 2023

Marble Building Stone Market Size

In 2021, the global marble building stone market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.4% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market remained at a somewhat lower figure.

Marble Building Stone Production

In value terms, marble building stone production surged to $X in 2021 estimated in export price. In general, production showed strong growth. Over the period under review, global production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Marble Building Stone Exports

Exports

Global marble building stone exports soared to X tons in 2021, with an increase of 43% on the previous year's figure. The total export volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone exports surged to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near 60% of total exports in 2021. It was distantly followed by China (X tons) and Italy (X tons), together comprising a 16% share of total exports. The following exporters - Oman (X tons), Egypt (X tons), Greece (X tons), Spain (X tons), Portugal (X tons), India (X tons) and the United States (X tons) - together made up 17% of total exports.

Turkey was also the fastest-growing in terms of the marble building stone exports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Oman (+6.7%), Greece (+4.5%), India (+2.1%), the United States (+1.7%) and Portugal (+1.0%) displayed positive paces of growth. By contrast, Egypt (-1.1%), Italy (-3.4%), Spain (-5.2%) and China (-8.0%) illustrated a downward trend over the same period. While the share of Turkey (+30 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Spain (-2.9 p.p.), Italy (-5.4 p.p.) and China (-18.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), China ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 76% share of global exports. These countries were followed by Egypt, Greece, Spain, India, Oman, Portugal and the United States, which together accounted for a further 16%.

India, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average marble building stone export price stood at $X per ton in 2021, declining by -8.9% against the previous year. In general, the export price saw a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of 36%. The global export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the other global leaders experienced more modest paces of growth.

Marble Building Stone Imports

Imports

In 2021, supplies from abroad of marble building stone increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Libya (X tons), Iraq (X tons) and France (X tons) were the largest importers of marble building stone, together achieving 61% of total imports. The following importers - Morocco (X tons), Kuwait (X tons), Qatar (X tons) and Israel (X tons) - together made up 9.5% of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +38.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported marble building stone worldwide, comprising 29% of global imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.8% share of global imports. It was followed by Saudi Arabia, with a 5.7% share.

In the United States, marble building stone imports expanded at an average annual rate of +4.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.5% per year) and Saudi Arabia (+18.2% per year).

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, with an increase of 4.1% against the previous year. In general, the import price, however, recorded a slight reduction. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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