Marble And Travertine Market Overview in Malta
In value terms, marble and travertine production shrank sharply to $ in 2019 estimated in export prices. Overall, production continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2008 with an increase of % y-o-y. Malta production peaked at $ in 2018, and then declined sharply in the following year.
The revenue of the marble and travertine market in Malta rose modestly to $ in 2019, picking up 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). The market value increased at an average annual rate of +% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2010 when the market value increased by % year-to-year. Over the period under review, the market attained the maximum level at $ in 2013; however, from 2014 to 2019, consumption remained at a lower figure.