Latin America and the Caribbean: Market for Granules, Chippings And Powder Of Marble 2023

Market Size for Granules, Chippings And Powder Of Marble in Latin America and the Caribbean

The Latin American marble granules and powder market rose markedly to $X in 2021, with an increase of 8.7% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Latin America and the Caribbean

In value terms, marble granules and powder production expanded remarkably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Granules, Chippings And Powder Of Marble

Exports in Latin America and the Caribbean

In 2021, shipments abroad of granules, chippings and powder of marble was finally on the rise to reach X tons after three years of decline. The total export volume increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, marble granules and powder exports soared to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

In 2021, Mexico (X tons) was the key exporter of granules, chippings and powder of marble, mixing up 82% of total exports. It was distantly followed by Colombia (X tons), constituting a 16% share of total exports.

Exports from Mexico increased at an average annual rate of +1.1% from 2012 to 2021. At the same time, Colombia (+25.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +25.6% from 2012-2021. From 2012 to 2021, the share of Colombia increased by +14 percentage points.

In value terms, Mexico ($X) remains the largest marble granules and powder supplier in Latin America and the Caribbean, comprising 69% of total exports. The second position in the ranking was taken by Colombia ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +3.6%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, falling by -19.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2014 an increase of 18%. The level of export peaked at $X per ton in 2020, and then dropped remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while Mexico stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+2.5%).

Imports of Granules, Chippings And Powder Of Marble

Imports in Latin America and the Caribbean

In 2021, the amount of granules, chippings and powder of marble imported in Latin America and the Caribbean reduced to X tons, with a decrease of -13.7% on 2020 figures. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, marble granules and powder imports skyrocketed to $X in 2021. Total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

Brazil (X tons) and Chile (X tons) represented roughly 69% of total imports in 2021. Mexico (X tons) took the next position in the ranking, followed by Venezuela (X tons). All these countries together held near 19% share of total imports. The following importers - Peru (X tons) and Ecuador (X tons) - together made up 5% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Peru (with a CAGR of +71.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Chile ($X) and Mexico ($X) were the countries with the highest levels of imports in 2021, with a combined 71% share of total imports. Venezuela, Peru and Ecuador lagged somewhat behind, together comprising a further 14%.

Among the main importing countries, Peru, with a CAGR of +64.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 36% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. 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 2021, amid the top importers, the country with the highest price was Peru ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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