Report Update Apr 1, 2024

Puerto Rico - Granite Building Stone - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Granite Building Stone Market 2024

Granite Building Stone Market Size in Puerto Rico

The Puerto Rican granite building stone market dropped to $X in 2021, which is down by -10.1% against the previous year. Over the period under review, consumption recorded a noticeable downturn. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Granite Building Stone Production in Puerto Rico

In value terms, granite building stone production contracted to $X in 2021 estimated in export price. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2016 when the production volume increased by 55% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Granite Building Stone Exports

Exports from Puerto Rico

In 2021, approx. less than X kg of granite building stone were exported from Puerto Rico; remaining stable against 2020. In general, exports saw a relatively flat trend pattern.

In value terms, granite building stone exports amounted to less than $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern.

Exports by Country

China was the major exporting country with an export of around X tons, which accounted for 44% of total exports. India (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (10%) and Italy (4.6%). The following exporters - Spain (X tons) and Portugal (X tons) - together made up 5.6% of total exports.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest granite building stone supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was held by India ($X), with a 19% share of global exports. It was followed by Brazil, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: India (+2.9% per year) and Brazil (-3.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other leaders experienced a decline in the export price figures.

Granite Building Stone Imports

Imports into Puerto Rico

In 2021, granite building stone imports into Puerto Rico amounted to less than X kg, flattening at the previous year. Overall, imports showed a relatively flat trend pattern.

In value terms, granite building stone imports totaled less than $X in 2021. Over the period under review, imports saw a relatively flat trend pattern.

Imports by Country

South Korea (X tons) and the United States (X tons) represented the key importers of granite building stone in 2021, accounting for near 20% and 18% of total imports, respectively. It was distantly followed by Germany (X tons), constituting a 7% share of total imports. The following importers - Japan (X tons), Qatar (X tons), Saudi Arabia (X tons), Poland (X tons), the United Arab Emirates (X tons), Turkey (X tons), Vietnam (X tons), China (X tons), Morocco (X tons) and Canada (X tons) - together made up 21% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +45.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), South Korea ($X) and Japan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 41% of total imports. These countries were followed by Germany, Poland, Vietnam, Morocco, Qatar, the United Arab Emirates, Turkey, Canada, Saudi Arabia and China, which together accounted for a further 20%.

Saudi Arabia, with a CAGR of +33.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. Overall, the import price saw a relatively flat trend pattern.

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 Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for granite building stone in the world?

China remains the largest granite building stone consuming country worldwide, accounting for 31% of total volume. Moreover, granite building stone consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. India ranked third in terms of total consumption with a 7.4% share.

What are the largest producers of granite building stone in the world?

The country with the largest volume of granite building stone production was China, accounting for 43% of total volume. Moreover, granite building stone production in China exceeded the figures recorded by the second-largest producer, India, threefold. Brazil ranked third in terms of total production with a 6.1% share.

What are the leading suppliers of granite building stone to Puerto Rico?

In value terms, the largest granite building stone importing markets into Puerto Rico were the United States, South Korea and Japan, with a combined 41% share of total imports. These countries were followed by Germany, Poland, Vietnam, Morocco, Qatar, the United Arab Emirates, Turkey, Canada, Saudi Arabia and China, which together accounted for a further 20%.

What are the leading importers of granite building stone from Puerto Rico?

In value terms, China remains the largest granite building stone supplier from Puerto Rico, comprising 52% of global exports. The second position in the ranking was held by India, with a 19% share of global exports. It was followed by Brazil, with an 8.6% share.

What is the average export price for granite building stone in Puerto Rico?

In 2021, the export price in Puerto Rico amounted to less than $0.1 per ton, remaining stable against the previous year.

What is the average import price for granite building stone in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining constant against the previous year.

This report provides an in-depth analysis of the granite building stone market in Puerto Rico. 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 23701260 - Worked monumental or building stone and articles thereof, of granite (excluding tiles, cubes and similar articles, of which the largest surface area is capable of being enclosed in a square the side of which is < 7 cm, setts, kerbstones and

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
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