Marble And Travertine Market Overview in the United Kingdom
Market Overview
After two years of decline, the UK marble and travertine market increased by 
% to $ in . Overall, consumption, however, saw a deep downturn. The pace of growth was the most pronounced in 2010 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain the momentum.
In value terms, marble and travertine production contracted notably to $ in estimated in export prices. Over the period under review, production saw a sharp contraction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Marble and travertine production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
% to $ in . Overall, consumption, however, saw a deep downturn. The pace of growth was the most pronounced in 2010 when the market value increased by % against the previous year. Over the period under review, the market hit record highs at $ in 2007; however, from 2008 to , consumption failed to regain the momentum.In value terms, marble and travertine production contracted notably to $
in estimated in export prices. Over the period under review, production saw a sharp contraction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Marble and travertine production peaked at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , the amount of marble and travertine consumed in the UK surged to tonnes, growing by % compared with 2019. In general, consumption, however, faced a deep slump. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % against the previous year. Marble and travertine consumption peaked at tonnes in 2007; however, from 2008 to , consumption remained at a lower figure.
The value of the marble and travertine market in the UK expanded modestly to $ in , rising 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, however, faced a deep contraction. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. Marble and travertine consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, the amount of marble and travertine consumed in the UK surged to tonnes, growing by % compared with 2019. In general, consumption, however, faced a deep slump. The pace of growth was the most pronounced in 2010 when the consumption volume increased by % against the previous year. Marble and travertine consumption peaked at tonnes in 2007; however, from 2008 to , consumption remained at a lower figure.The value of the marble and travertine market in the UK expanded modestly to $
in , rising 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, however, faced a deep contraction. The most prominent rate of growth was recorded in 2010 with an increase of % year-to-year. Marble and travertine consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for marble and travertine in the UK, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tonnes by the end of .
% for the period from to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in the UK increased significantly over the last thirteen-year period (from % to %).
% to %).Trade Balance
The UK remains a net importer of marble and travertine; in physical and value terms, imports consistently exceeded exports from 2007 to . In , 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.
. In , 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.
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