Turkey’s Marble and Travertine Exports Slump as China and India Reduce Purchases
IndexBox has just published a new report: ‘Turkey – Marble And Travertine – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
Turkey’s marble and travertine exports fell from $865M in 2019 to $663M in 2020. In physical terms, exports shrank by -23% y-o-y to 3.5M tonnes. China and India, the key importers of marble and travertine from Turkey, rapidly decreased the volume of purchases by -22% y-o-y and 28% y-o-y, respectively. The supplies to China comprise 76% of Turkish exports of marble and travertine.
Turkey’s Marble and Travertine Exports
In 2020, marble and travertine exports from Turkey declined rapidly to 3.5M tonnes, reducing by -22.7% against the year before. In value terms, marble and travertine exports dropped from $865M in 2019 to $663M (IndexBox estimates) in 2020.
China (2.6M tonnes) was the leading destination for marble and travertine exports from Turkey, with a 76% share of total exports. Moreover, marble and travertine exports to China exceeded the volume sent to the second major destination, India (341K tonnes), eightfold.
In 2020, Turkish supplies to China fell by -21.8% y-o-y. Exports to India and Egypt dropped by -28.1% y-o-y and -9.6% y-o-y, respectively.
In value terms, China ($538M) remains the key foreign market for marble and travertine exports from Turkey, comprising 81% of total exports. The second position in the ranking was occupied by India ($60M), with a 9% share of total exports.
In 2020, the average marble and travertine export price amounted to $191 per tonne, remaining relatively unchanged against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was China ($203 per tonne), while the average price for exports to Egypt ($76 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to Egypt, while the prices for the other significant destinations experienced a decline.
Source: IndexBox Platform
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