Marble And Travertine Market Overview in Iceland
Market Overview
In 2019, the Icelandic marble and travertine market increased by 
% to $ for the first time since 2012, thus ending a six-year declining trend. Overall, consumption recorded a tangible expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Iceland consumption peaked at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.
% to $ for the first time since 2012, thus ending a six-year declining trend. Overall, consumption recorded a tangible expansion. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Iceland consumption peaked at $ in 2012; however, from 2013 to 2019, consumption failed to regain the momentum.Consumption
After six years of decline, consumption of marble and travertine increased by % to tonnes in 2019. Over the period under review, consumption showed a noticeable increase. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Iceland consumption peaked at tonnes in 2012; however, from 2013 to 2019, consumption remained at a lower figure.
The size of the marble and travertine market in Iceland rose sharply to $ in 2019, growing by % 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). Overall, consumption continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.
% to tonnes in 2019. Over the period under review, consumption showed a noticeable increase. The pace of growth appeared the most rapid in 2011 with an increase of % year-to-year. Iceland consumption peaked at tonnes in 2012; however, from 2013 to 2019, consumption remained at a lower figure.The size of the marble and travertine market in Iceland rose sharply to $
in 2019, growing by % 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). Overall, consumption continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. Over the period under review, the market hit record highs at $ in 2012; however, from 2013 to 2019, consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for marble and travertine in Iceland, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to accelerate, 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 .Trade Balance
Iceland remains a net importer of marble and travertine; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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