Colombia: Market for Granules, Chippings And Powder Of Monumental Stone 2023

Market Size for Granules, Chippings And Powder Of Monumental Stone in Colombia

In 2021, the Colombian market for granules, chippings and powder of monumental stone increased by 191% to $X, rising for the second consecutive year after two years of decline. Overall, consumption continues to indicate significant growth. Monumental stone granules and powder consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Colombia

In 2021, shipments abroad of granules, chippings and powder of monumental stone increased by 42% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 578% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, monumental stone granules and powder exports amounted to $X in 2021. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 169% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for monumental stone granules and powder exports from Colombia, accounting for a 97% share of total exports. It was followed by Panama (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +6.2%.

In value terms, the United States ($X) remains the key foreign market for granules, chippings and powder of monumental stone exports from Colombia, comprising 77% of total exports. The second position in the ranking was held by Panama ($X), with a 9.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +10.2%.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, with a decrease of -21.8% against the previous year. Over the period under review, the export price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2014 an increase of 292% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Colombia

In 2021, purchases abroad of granules, chippings and powder of monumental stone increased by 119% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 664%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, monumental stone granules and powder imports skyrocketed to $X in 2021. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest monumental stone granules and powder supplier to Colombia, with a 66% share of total imports. Moreover, monumental stone granules and powder imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +134.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+20.0% per year) and Turkey (-16.6% per year).

In value terms, the United States ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Colombia, comprising 83% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +120.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.3% per year) and Turkey (-17.6% per year).

Import Prices by Country

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, with an increase of 97% against the previous year. Overall, the import price saw a slight expansion. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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