MERCOSUR: Sandstone Market 2024

Sandstone Market Size in MERCOSUR

In 2022, the MERCOSUR sandstone market increased by 13% to $X, rising for the fourth year in a row after three years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Sandstone Production in MERCOSUR

In value terms, sandstone production amounted to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Sandstone Exports

Exports in MERCOSUR

In 2022, shipments abroad of sandstone increased by 43% to X tons, rising for the fifth consecutive year after four years of decline. Over the period under review, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 310% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, sandstone exports surged to $X in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 377%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, Brazil (X tons) represented the main exporter of sandstone, creating 71% of total exports. Peru (X tons) held a 21% share (based on physical terms) of total exports, which put it in second place, followed by Argentina (6.8%).

From 2012 to 2022, average annual rates of growth with regard to sandstone exports from Brazil stood at +24.8%. At the same time, Peru (+66.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +66.3% from 2012-2022. By contrast, Argentina (-12.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Peru increased by +71 and +20 percentage points, respectively.

In value terms, Brazil ($X) remains the largest sandstone supplier in MERCOSUR, comprising 65% of total exports. The second position in the ranking was taken by Peru ($X), with a 31% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +13.8%. In the other countries, the average annual rates were as follows: Peru (+62.0% per year) and Argentina (-12.9% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by 11% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sandstone export price increased by +37.2% against 2018 indices. The pace of growth was the most pronounced in 2013 when the export price increased by 77%. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-2.6%).

Sandstone Imports

Imports in MERCOSUR

In 2022, the amount of sandstone imported in MERCOSUR contracted sharply to X tons, waning by -38.7% against the previous year's figure. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 31%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, sandstone imports declined rapidly to $X in 2022. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2014 with an increase of 51% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Colombia represented the main importing country with an import of about X tons, which accounted for 59% of total imports. Argentina (X tons) held the second position in the ranking, followed by Venezuela (X tons), Chile (X tons) and Uruguay (X tons). All these countries together held approx. 35% share of total imports. Brazil (X tons) followed a long way behind the leaders.

Colombia was also the fastest-growing in terms of the sandstone imports, with a CAGR of +121.9% from 2012 to 2022. At the same time, Argentina (+1.9%) displayed positive paces of growth. By contrast, Venezuela (-5.1%), Uruguay (-7.9%), Chile (-24.3%) and Brazil (-32.2%) illustrated a downward trend over the same period. Colombia (+59 p.p.), Argentina (+8.7 p.p.), Venezuela (+5.5 p.p.) and Uruguay (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Chile and Brazil saw its share reduced by -22.1% and -53.2% from 2012 to 2022, respectively.

In value terms, Colombia ($X) constitutes the largest market for imported sandstone in MERCOSUR, comprising 65% of total imports. The second position in the ranking was held by Venezuela ($X), with an 11% share of total imports. It was followed by Brazil, with a 6.8% share.

In Colombia, sandstone imports expanded at an average annual rate of +65.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Venezuela (-1.0% per year) and Brazil (-31.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, with an increase of 18% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the import price increased by 21% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 Brazil ($X per ton), while Uruguay ($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 (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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