Argentina: Crude Granite Market 2024

Crude Granite Market Size in Argentina

The Argentinian crude granite market was estimated at $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2020 indices. Crude granite consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Crude Granite Exports

Exports from Argentina

In 2022, the amount of granite (crude) exported from Argentina reached X tons, picking up by 5.1% compared with the previous year. In general, exports, however, recorded a deep contraction. The growth pace was the most rapid in 2020 with an increase of 22%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, crude granite exports expanded markedly to $X in 2022. Overall, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 35% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for crude granite exports from Argentina, with a 48% share of total exports. Moreover, crude granite exports to Italy exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-7.9% per year) and the United States (-6.3% per year).

In value terms, the largest markets for crude granite exported from Argentina were China ($X), Italy ($X) and Belgium ($X), together comprising 86% of total exports.

China, with a CAGR of +3.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average crude granite export price amounted to $X per ton, surging by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 when the average export price increased by 10% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crude Granite Imports

Imports into Argentina

In 2022, crude granite imports into Argentina contracted to X tons, waning by -1.7% compared with the previous year's figure. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 3.6%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crude granite imports expanded slightly to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.6% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 6.8% against the previous year. Over the period under review, imports hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

Brazil (X tons), Norway (X tons) and Italy (X tons) were the main suppliers of crude granite imports to Argentina, with a combined 96% share of total imports. Spain and India lagged somewhat behind, together comprising a further 3.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +94.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude granite suppliers to Argentina were Norway ($X), Brazil ($X) and Italy ($X), together accounting for 88% of total imports. Spain and India lagged somewhat behind, together accounting for a further 12%.

Spain, with a CAGR of +94.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude granite import price stood at $X per ton in 2022, increasing by 3.4% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude granite import price decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 7.5% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :