Colombia: Market for Granules, Chippings And Powder Of Marble 2024

Market Size for Granules, Chippings And Powder Of Marble in Colombia

The Colombian marble granules and powder market expanded significantly to $X in 2021, with an increase of 8.6% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Granules, Chippings And Powder Of Marble in Colombia

In value terms, marble granules and powder production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 18% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Granules, Chippings And Powder Of Marble

Exports from Colombia

For the fifth year in a row, Colombia recorded growth in overseas shipments of granules, chippings and powder of marble, which increased by 30% to X tons in 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 60%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, marble granules and powder exports surged to $X in 2021. In general, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when exports increased by 71% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Venezuela (X tons), Peru (X tons) and Panama (X tons) were the main destinations of marble granules and powder exports from Colombia, together accounting for 64% of total exports. Ecuador, the United States, the Dominican Republic and Chile lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +109.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for marble granules and powder exported from Colombia were Venezuela ($X), Peru ($X) and Panama ($X), together comprising 67% of total exports. These countries were followed by Ecuador, the United States, Chile and the Dominican Republic, which together accounted for a further 26%.

The United States, with a CAGR of +70.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average marble granules and powder export price stood at $X per ton in 2021, reducing by -6.2% against the previous year. In general, the export price saw a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 8.6% against the previous year. The export price peaked 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 external markets. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Ecuador ($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 (-3.2%), while the prices for the other major destinations experienced a decline.

Imports of Granules, Chippings And Powder Of Marble

Imports into Colombia

In 2021, purchases abroad of granules, chippings and powder of marble was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded resilient growth. The pace of growth appeared the most rapid in 2018 when imports increased by 477%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, marble granules and powder imports surged to $X in 2021. In general, imports saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 330% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) was the main supplier of marble granules and powder to Colombia, accounting for a 90% share of total imports. It was followed by Germany (X tons), with a 2.3% share of total imports. The third position in this ranking was held by the United States (X tons), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +52.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.7% per year) and the United States (+19.5% per year).

In value terms, Turkey ($X) constituted the largest supplier of granules, chippings and powder of marble to Colombia, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 7.8% share of total imports. It was followed by the United States, with a 5.7% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +60.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and the United States (+20.2% per year).

Import Prices by Country

The average marble granules and powder import price stood at $X per ton in 2021, shrinking by -20.2% against the previous year. Overall, the import price saw a deep downturn. The growth pace was the most rapid in 2014 when the average import price increased by 17%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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