Argentina: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Argentina

The Argentinian market for granite, sandstone and other building stone contracted modestly to $X in 2021, declining by -2% against 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). The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Granite, Sandstone And Other Building Stone

Exports from Argentina

In 2021, overseas shipments of granite, sandstone and other building stone were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 34%. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone amounted to $X in 2021. In general, exports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 26%. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile (X tons), Italy (X tons) and China (X tons) were the main destinations of exports of granite, sandstone and other building stone from Argentina, together comprising 69% of total exports. Spain, the United States, Belgium and Qatar lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +11.5%), while the other leaders experienced a decline.

In value terms, the largest markets for granite, sandstone and other building stone exported from Argentina were China ($X), Italy ($X) and Chile ($X), together comprising 60% of total exports. These countries were followed by the United States, Belgium, Spain and Qatar, which together accounted for a further 39%.

In terms of the main countries of destination, Spain, with a CAGR of +4.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, with a decrease of -5.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 9.7% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Argentina

Imports of granite, sandstone and other building stone into Argentina dropped modestly to X tons in 2021, therefore, remained relatively stable against 2020. Over the period under review, imports showed a mild downturn. The growth pace was the most rapid in 2013 with an increase of 13% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone dropped slightly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 19%. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) was the main granite, sandstone and other building stone supplier to Argentina, with a 91% share of total imports. Moreover, imports of granite, sandstone and other building stone from Brazil exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+2.9% per year) and China (-25.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of granite, sandstone and other building stone to Argentina, comprising 86% of total imports. The second position in the ranking was held by Norway ($X), with a 6.9% share of total imports. It was followed by India, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+8.1% per year) and India (-13.9% per year).

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2019 when the average import price increased by 8.1%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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