The import values for marble and travertine in blocks to South Africa have shown fluctuations from 2013 to 2023, with notable spikes and drops. In 2023, the import stood at 7.3753 million kilograms, representing a 2.72% increase from the previous year and a compound annual growth rate (CAGR) of 4.73% over the last five years.
Key trends:
- From 2013 to 2015, there was a rapidly growing trend with year-on-year increases of up to 18.96%.
- A sharp decline in 2016 and another dip in 2018 were notable, bringing some volatility to the import trend.
- Afterward, the market showed signs of recovery, particularly from 2019 onwards, experiencing modest growth.
Looking forward, the forecast for 2024-2028 suggests a steady increase in imports, with an anticipated CAGR of 2.06% over the next five years resulting in an overall growth rate of 10.72%. Close attention should be paid to global economic conditions, construction industry dynamics, and supply chain factors which may influence these projections.
