Colombia: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2025

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Colombia

In 2021, the Colombian market for building blocks and bricks of cement, concrete or artificial stone decreased by -5.7% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Colombia

In value terms, production of building blocks and bricks of cement, concrete or artificial stone reduced to $X in 2021 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +25.5% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 50%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from Colombia

In 2021, overseas shipments of building blocks and bricks of cement, concrete or artificial stone decreased by -55.1% to X tons, falling for the fifth consecutive year after five years of growth. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 458%. Over the period under review, the exports of reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone dropped sharply to $X in 2021. In general, exports, however, recorded significant growth. The growth pace was the most rapid in 2013 with an increase of 258% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Colombia, with a 68% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to the United States exceeded the volume sent to the second major destination, the Dominican Republic (X tons), fivefold. Ecuador (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+36.9% per year) and Ecuador (+35.7% per year).

In value terms, the United States ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Colombia, comprising 50% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 20% share of total exports. It was followed by Panama, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+52.0% per year) and Panama (+44.7% per year).

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, increasing by 28% against the previous year. Over the period under review, the export price recorded a modest increase. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Panama ($X per ton), while the average price for exports to the United States ($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 Panama (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into Colombia

In 2021, after four years of decline, there was significant growth in overseas purchases of building blocks and bricks of cement, concrete or artificial stone, when their volume increased by 713% to X tons. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 10,962% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone soared to $X in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 6,436% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest building blocks and bricks of cement, concrete or artificial stone supplier to Colombia, accounting for a 69% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from the United States exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +92.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.9% per year) and Italy (+46.7% per year).

In value terms, the United States ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Colombia, comprising 26% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Italy, with a 7% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +27.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+21.5% per year) and Italy (+48.1% per year).

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, increasing by 28% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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