Latin America and the Caribbean: Granite Building Stone Market 2024

Granite Building Stone Market Size in Latin America and the Caribbean

The Latin American granite building stone market expanded markedly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, saw a perceptible reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Granite Building Stone Production in Latin America and the Caribbean

In value terms, granite building stone production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Granite Building Stone Exports

Exports in Latin America and the Caribbean

In 2022, exports of granite building stone in Latin America and the Caribbean shrank rapidly to X tons, waning by X% compared with 2021 figures. In general, exports saw a slight descent. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, granite building stone exports dropped to $X in 2022. Overall, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Brazil (X tons), together recording X% of total export.

Brazil was also the fastest-growing in terms of the granite building stone exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest granite building stone supplier in Latin America and the Caribbean.

In Brazil, granite building stone exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to X% per year.

Granite Building Stone Imports

Imports in Latin America and the Caribbean

Granite building stone imports dropped to X tons in 2022, which is down by X% against 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, granite building stone imports surged to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Mexico (X tons) represented the key importer of granite building stone, creating X% of total imports. Colombia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Ecuador (X%), the Dominican Republic (X%), Peru (X%) and Argentina (X%). Chile (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, the Dominican Republic (X%) and Peru (X%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Chile experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Colombia (X%) and Argentina (X%) illustrated a downward trend over the same period. Mexico (X p.p.), the Dominican Republic (X p.p.) and Peru (X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador, Argentina and Colombia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported granite building stone in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with an X% share of total imports. It was followed by the Dominican Republic, with a X% share.

In Mexico, granite building stone imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (X% per year) and the Dominican Republic (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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