Chile: Crude Granite Market 2024

Crude Granite Market Size in Chile

The Chilean crude granite market declined to $X in 2022, waning by -3% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Crude Granite Production in Chile

In value terms, crude granite production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Crude Granite Exports

Exports from Chile

Crude granite exports from Chile soared to X tons in 2021, rising by 16% against the previous year's figure. In general, exports continue to indicate tangible growth. The pace of growth was the most pronounced in 2019 with an increase of 537%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, crude granite exports surged to $X in 2021. Overall, exports saw a tangible expansion. The pace of growth was the most pronounced in 2015 with an increase of 144% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and China (X kg) were the main destinations of crude granite exports from Chile.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +121.8%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for crude granite exported from Chile were Germany ($X), Sweden ($X) and China ($X).

Among the main countries of destination, Sweden, with a CAGR of +59.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2021, surging by 26% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 111%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

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 China ($X per ton), while the average price for exports to Sweden ($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 China (+45.6%), while the prices for the other major destinations experienced a decline.

Crude Granite Imports

Imports into Chile

In 2022, overseas purchases of granite (crude) decreased by -32.6% to X kg, falling for the third consecutive year after two years of growth. Overall, imports faced a sharp reduction. The growth pace was the most rapid in 2015 when imports increased by 415% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, crude granite imports soared to $X in 2022. In general, imports faced a abrupt slump. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, India (X kg) constituted the largest supplier of crude granite to Chile, accounting for a 76% share of total imports. Moreover, crude granite imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), threefold. The third position in this ranking was held by Argentina (X kg), with a 3.4% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled -30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.6% per year) and Argentina (-46.0% per year).

In value terms, India ($X), China ($X) and Peru ($X) appeared to be the largest crude granite suppliers to Chile, with a combined 98% share of total imports.

China, with a CAGR of +11.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crude granite import price amounted to $X per ton, with an increase of 7,036% against the previous year. In general, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Portugal ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3,339.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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