Report Update: May 1, 2024

Colombia - Marble Building Stone - Market Analysis, Forecast, Size, Trends And Insights

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Marble Building Stone Price in Colombia - 2022

Marble Building Stone Price in Colombia (CIF) - 2022

In 2022, the average marble building stone import price amounted to $482 per ton, waning by -4.2% against the previous year. Over the period under review, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of 13%. Over the period under review, average import prices hit record highs at $629 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,172 per ton), while the price for Egypt ($330 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced a decline.

Marble Building Stone Price in Colombia (FOB) - 2022

The average marble building stone export price stood at $1,029 per ton in 2022, declining by -51.4% against the previous year. In general, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 92%. As a result, the export price reached the peak level of $2,649 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,093 per ton), while the average price for exports to Costa Rica ($926 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+27.6%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports in Colombia

In 2022, imports of marble building stone into Colombia amounted to 16K tons, remaining stable against the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports attained the peak of 17K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, marble building stone imports fell slightly to $7.8M in 2022. The total import value increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 8.5% against the previous year. As a result, imports attained the peak of $8.2M, and then contracted modestly in the following year.

Import of Marble Building Stone in Colombia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	2.2	2.4	3.1	2.9	9.6%
Turkey	1.4	1.5	1.8	1.7	6.7%
Egypt	1.5	1.1	1.0	1.1	-9.8%
Greece	0.9	1.1	1.2	1.1	6.9%
Italy	0.4	0.3	0.5	0.5	7.7%
China	0.2	0.7	0.2	0.4	26.0%
Others	0.5	0.4	0.4	0.3	-15.7%
Total	7.0	7.5	8.2	7.8	3.7%

Top Suppliers of Marble Building Stone to Colombia in 2022:

Spain (6.6K tons)
Turkey (3.6K tons)
Egypt (3.2K tons)
Greece (1.6K tons)
Italy (0.6K tons)
China (0.3K tons)

Marble Building Stone Exports in Colombia

After two years of decline, overseas shipments of marble building stone increased by 85% to 507 tons in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +13.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, marble building stone exports fell to $522K in 2022. Overall, exports, however, continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2021 with an increase of 26%. As a result, the exports reached the peak of $582K, and then fell in the following year.

Export of Marble Building Stone in Colombia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	453	148	98.0	327	-10.3%
Costa Rica	17.9	12.4	91.6	155	105.3%
Dominican Republic	83.2	36.1	38.9	39.6	-21.9%
Ecuador	1.5	261	342	N/A	1410.0%
Others	6.4	3.8	12.0	N/A	36.9%
Total	562	462	582	522	-2.4%

Top Export Markets for Marble Building Stone from Colombia in 2022:

United States (299.1 tons)
Costa Rica (167.9 tons)
Dominican Republic (40.0 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the marble building stone market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23701100 - Worked monumental/building stone and articles thereof, in marble, travertine and alabaster excluding tiles, cubes/similar articles, largest surface < 7 cm., setts, kerbstones, flagstones

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023