Market for Marble And Travertine Crude in Thailand
Market Overview
In 
, the Thai marble and travertine crude market was finally on the rise to reach $ for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a deep downturn. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
In value terms, marble and travertine crude production reduced slightly to $ in estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Marble and travertine crude production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
, the Thai marble and travertine crude market was finally on the rise to reach $ for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a deep downturn. Over the period under review, the market reached the peak level at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.In value terms, marble and travertine crude production reduced slightly to $
in estimated in export price. Overall, production, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2010 when the production volume increased by % against the previous year. Marble and travertine crude production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , consumption of marble and travertine in Thailand reduced modestly to tons, remaining relatively unchanged against the previous year's figure. Over the period under review, consumption recorded a perceptible setback. Marble and travertine crude consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
The value of the marble and travertine crude market in Thailand shrank to $ in , remaining relatively unchanged 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 continues to indicate a deep contraction. Marble and travertine crude consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
, consumption of marble and travertine in Thailand reduced modestly to tons, remaining relatively unchanged against the previous year's figure. Over the period under review, consumption recorded a perceptible setback. Marble and travertine crude consumption peaked at tons in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.The value of the marble and travertine crude market in Thailand shrank to $
in , remaining relatively unchanged 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 continues to indicate a deep contraction. Marble and travertine crude 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 crude in Thailand, the market is expected to continue its downward consumption trend over the next eight-year period. 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 tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of marble and travertine crude in Thailand 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 crude.
Trade Balance
Thailand remains a net exporter of marble and travertine crude; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. 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.
. In , there was a significant trade surplus of tons, which was equal to $. 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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