Brazil: Granite Building Stone Market 2024

Granite Building Stone Market Size in Brazil

The Brazilian granite building stone market amounted to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption showed a deep setback. Granite building stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Granite Building Stone Production in Brazil

In value terms, granite building stone production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced downturn. Granite building stone production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Granite Building Stone Exports

Exports from Brazil

In 2021, shipments abroad of granite building stone increased by 15% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 25%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, granite building stone exports surged to $X in 2021. Overall, exports, however, showed a perceptible contraction. The pace of growth was the most pronounced in 2013 with an increase of 25% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for granite building stone exports from Brazil, accounting for a 72% share of total exports. Moreover, granite building stone exports to the United States exceeded the volume sent to the second major destination, Mexico (X tons), eightfold. The third position in this ranking was taken by Colombia (X tons), with a 3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+12.8% per year) and Colombia (+9.8% per year).

In value terms, the United States ($X) remains the key foreign market for granite building stone exports from Brazil, comprising 74% of total exports. The second position in the ranking was held by Mexico ($X), with an 8.5% share of total exports. It was followed by Colombia, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.1% per year) and Colombia (+2.2% per year).

Export Prices by Country

The average granite building stone export price stood at $X per ton in 2021, increasing by 6.9% against the previous year. Overall, the export price, however, recorded a pronounced decrease. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Libya ($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 Canada (-3.4%), while the prices for the other major destinations experienced a decline.

Granite Building Stone Imports

Imports into Brazil

In 2021, the amount of granite building stone imported into Brazil fell remarkably to X tons, with a decrease of -63.6% on 2020 figures. Over the period under review, imports saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 464% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, granite building stone imports shrank rapidly to $X in 2021. In general, imports faced a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 51%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons) and China (X tons) were the main suppliers of granite building stone imports to Brazil.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +28.6%).

In value terms, the largest granite building stone suppliers to Brazil were China ($X) and the United Arab Emirates ($X).

Among the main suppliers, China, with a CAGR of -28.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average granite building stone import price stood at $X per ton in 2021, picking up by 19% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 143%. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :