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

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

In 2021, after three years of decline, there was significant growth in the Colombian market for granite, sandstone and other building stone, when its value increased by 26% to $X. Over the period under review, consumption, however, saw a mild contraction. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Colombia

In 2021, the amount of granite, sandstone and other building stone exported from Colombia contracted to X tons, dropping by -10.9% on the year before. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2018 when exports increased by 37%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of granite, sandstone and other building stone dropped to $X in 2021. Over the period under review, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 13% against the previous year. 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

Ecuador (X tons) was the main destination for exports of granite, sandstone and other building stone from Colombia, accounting for a 55% share of total exports. Moreover, exports of granite, sandstone and other building stone to Ecuador exceeded the volume sent to the second major destination, Aruba (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+53.2% per year) and the Netherlands (+218.3% per year).

In value terms, Ecuador ($X) remains the key foreign market for granite, sandstone and other building stone exports from Colombia, comprising 79% of total exports. The second position in the ranking was taken by Aruba ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ecuador stood at +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Aruba (+17.0% per year) and the Netherlands (+60.4% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, picking up by 5.8% against the previous year. In general, the export price, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Venezuela ($X per ton), while the average price for exports to Chile ($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 Venezuela (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Colombia

In 2021, overseas purchases of granite, sandstone and other building stone were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 160% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, imports of granite, sandstone and other building stone skyrocketed to $X in 2021. In general, imports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2017 when imports increased by 160% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of granite, sandstone and other building stone to Colombia, accounting for a 44% share of total imports. Moreover, imports of granite, sandstone and other building stone from Spain exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fourfold. The third position in this ranking was taken by Brazil (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +74.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+104.2% per year) and Brazil (-14.8% per year).

In value terms, Spain ($X) constituted the largest supplier of granite, sandstone and other building stone to Colombia, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 12% share of total imports. It was followed by Brazil, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain stood at +63.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.7% per year) and Brazil (-9.9% per year).

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, which is down by -8.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 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, the country with the highest price was the United States ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :