What's Happening?
The Italian marble industry has reached a record average price of 1,016.4 euros per ton, driven by increased demand in luxury construction sectors worldwide. Marmomac, the international trade show for the stone supply chain, is set to host 1,400 exhibitors from 50 countries, highlighting Italian white marble as a leading product. The demand for classic Italian marbles, such as Carrara and Calacatta, is growing in private and commercial settings, particularly in China and the Gulf region. Exports of Italian stone materials rose 3.8% in volume and 5.8% in value in 2024, with the U.S. being the top market.
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Why It's Important?
The growth in the Italian marble industry underscores the global appeal and high quality of Italian stone products, which are increasingly sought after in luxury construction projects. This trend benefits Italian exporters and contributes to the country's economic strength. The U.S. market's significant demand for processed Italian natural stone highlights the importance of international trade relations and the potential for further expansion. The industry's exploration of new geographical areas for raw materials and partnerships indicates a strategic approach to sustaining growth and addressing supply chain challenges.
What's Next?
Looking ahead, the marble and stone market exports are expected to rise 4 to 6 percent in value terms in 2025. However, risks such as unexpected tariffs and geopolitical tensions could impact this forecast. The industry's focus on emerging markets like East Africa and Latin America presents opportunities for expansion and diversification. The upcoming Marmomac trade show will showcase technological advances and design innovations, potentially influencing future trends and market dynamics.
