Marble And Travertine Market Overview in the United Kingdom
Market Overview
The UK marble and travertine market expanded rapidly 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). In general, consumption, however, faced a abrupt setback. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Marble and travertine consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.
In value terms, marble and travertine production surged to $ in 2019 estimated in export prices. In general, production, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Marble and travertine production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
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). In general, consumption, however, faced a abrupt setback. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Marble and travertine consumption peaked at $ in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.In value terms, marble and travertine production surged to $
in 2019 estimated in export prices. In general, production, however, recorded a sharp reduction. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Marble and travertine production peaked at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.Consumption
Marble and travertine consumption in the UK rose rapidly to tonnes in 2019, growing by % compared with 2018. In general, consumption, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
The revenue of the marble and travertine market in the UK totaled $ in 2019, surging 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). Over the period under review, consumption, however, saw a abrupt decline. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Marble and travertine consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.
tonnes in 2019, growing by % compared with 2018. In general, consumption, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Over the period under review, consumption hit record highs at tonnes in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.The revenue of the marble and travertine market in the UK totaled $
in 2019, surging 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). Over the period under review, consumption, however, saw a abrupt decline. The growth pace was the most rapid in 2010 with an increase of % against the previous year. Marble and travertine consumption peaked at $ in 2007; however, from 2008 to 2019, consumption failed to regain the momentum.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 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 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 twelve years (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 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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