Marble And Travertine Market Overview in Estonia
Market Overview
The Estonian marble and travertine market was estimated at $
in 2019, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Estonia consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
In value terms, marble and travertine production reached $ in 2019 estimated in export prices. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.
in 2019, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Estonia consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.In value terms, marble and travertine production reached $
in 2019 estimated in export prices. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2008 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to 2019, production remained at a lower figure.Consumption
In 2019, approx. tonnes of marble and travertine were consumed in Estonia; approximately equating the year before. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, consumption reached the maximum volume at tonnes in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
The size of the marble and travertine market in Estonia was estimated at $ in 2019, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Estonia consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.
tonnes of marble and travertine were consumed in Estonia; approximately equating the year before. The total consumption volume increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Over the period under review, consumption reached the maximum volume at tonnes in 2012; however, from 2013 to 2019, consumption remained at a lower figure.The size of the marble and travertine market in Estonia was estimated at $
in 2019, remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Estonia consumption peaked at $ in 2013; however, from 2014 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for marble and travertine in Estonia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Over the period under review, imports of marble and travertine in Estonia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for marble and travertine.
Trade Balance
This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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