Various benefits of Import of Marble

Generally, the import of  marble slabs takes place as per the government norms and regulations. In various countries there exist various policies to suit their economy. The Egyptian marbles mark their place at ninth in the world trade. Granite suppliers bid for the licenses issued by the concerned government which needs to be renewed every year. Import of marble from Egyptian marbles industry has proved to be the most beneficial for Asian markets since the local Asian suppliers bid through the middleman in Egypt to procure licenses for the quarries. There are various benefits as listed below in importing marble.

1.      Cheap Labour: The Egyptian market has cheap labour available with good knowledge of the granite marble slabs. These local labours make the cost involved in marble digging lesser than the ones available in other markets.

2.      Cheap Imports: The import duty and import cost involved in these marble slabs account to less expenditure for the wholesale suppliers worldwide because they come from direct quarries in Egypt.

3.      High margins: Since the local suppliers place orders in the wholesale market in Egypt directly form quarries, the cost involved is a bulk sale whereas when these are sold in retain markets they can be higher due to the reasons quoted by the retail suppliers like import duty, transportation cost etc.

4.      Foreign exchange difference: The foreign exchange difference also pays way for a marginal benefit in wholesale orders by the retail suppliers.       

 The worldwide recognition for such marble products has increased due to their quality and variety. Across the countries you see that the Egyptian marble is prevalent everywhere due to import of slabs of marbles. These slabs of granite or marble are received by the importer after quarrying, cutting and polishing.

Who are the major suppliers of marble?

Turkey, China and Italy remain the major suppliers for the US. Even though they suffered a reduction in volumes exported to US, its values increased. Especially China felt the economic downturn in its trade with export of processed granite by 5.7 percent since South Korea and Japan reduced their imports from China, followed by the increased imports by China in raw granite marble slabs from the major quarries in Egypt.

Thus considering the great demand for this product all over the world, among all class of people, importing of marble from Egypt does make sense and a profitable venture too!