Colombia: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Colombia

In 2021, the Colombian calcareous building stone market increased by 6.1% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, recorded a abrupt decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Calcareous Building Stone Production in Colombia

In value terms, calcareous building stone production rose markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 9.8%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Calcareous Building Stone Exports

Exports from Colombia

In 2021, exports of calcareous building stone from Colombia surged to X tons, picking up by 20% on the previous year's figure. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 30% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, calcareous building stone exports declined remarkably to $X in 2021. Overall, exports, however, faced a significant contraction. The pace of growth appeared the most rapid in 2015 with an increase of 36% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Venezuela (X tons), Costa Rica (X tons) and Germany (X tons) were the main destinations of calcareous building stone exports from Colombia, with a combined 99% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Costa Rica (with a CAGR of +3.2%), while the other leaders experienced a decline.

In value terms, Costa Rica ($X) remains the key foreign market for calcareous building stone exports from Colombia, comprising 88% of total exports. The second position in the ranking was held by Venezuela ($X), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Costa Rica totaled -23.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-33.4% per year) and Germany (-32.3% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, dropping by -30.2% against the previous year. Overall, the export price faced a precipitous decrease. The growth pace was the most rapid in 2015 when the average export price increased by 75%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while the average price for exports to Venezuela ($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 Germany (-21.6%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into Colombia

In 2021, purchases abroad of calcareous building stone increased by 61% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, saw a dramatic shrinkage. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, calcareous building stone imports surged to $X in 2021. Over the period under review, imports, however, recorded a precipitous decline. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest calcareous building stone supplier to Colombia, with a 61% share of total imports. Moreover, calcareous building stone imports from Egypt exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), twofold. The third position in this ranking was taken by Italy (X tons), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume from Egypt amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (-31.0% per year) and Italy (-6.5% per year).

In value terms, the largest calcareous building stone suppliers to Colombia were Egypt ($X), the Dominican Republic ($X) and Italy ($X), together comprising 89% of total imports.

Egypt, with a CAGR of -7.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average calcareous building stone import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 51%. As a result, import price reached the peak level of $X per ton. From 2019 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, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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