Report Update Nov 1, 2024

Cuba - Granite, Sandstone and Other Building Stone - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2021, the Cuban market for granite, sandstone and other building stone decreased by -6.5% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, recorded a measured increase. Consumption of peaked at $X in 2020, and then fell in the following year.

Exports of Granite, Sandstone And Other Building Stone

Exports from Cuba

In 2018, the amount of granite, sandstone and other building stone exported from Cuba amounted to X tons, remaining relatively unchanged against the year before. Over the period under review, exports saw a sharp downturn. The exports peaked at X tons in 2013; however, from 2014 to 2018, the exports stood at a somewhat lower figure.

In value terms, exports of granite, sandstone and other building stone totaled $X in 2018. Overall, exports showed a sharp decline. The exports peaked at $X in 2013; however, from 2014 to 2018, the exports failed to regain momentum.

Exports by Country

Denmark (X tons) was the main destination for exports of granite, sandstone and other building stone from Cuba, accounting for a approx. 100% share of total exports.

From 2013 to 2018, the average annual rate of growth in terms of volume to Denmark was relatively modest.

From 2013 to 2018, the average annual growth rate of value to Denmark was relatively modest.

Export Prices by Country

In 2018, the average export price for granite, sandstone and other building stone amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a sharp decrease. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Denmark.

From 2013 to 2018, the rate of growth in terms of prices for Denmark amounted to 0.0% per year.

Imports of Granite, Sandstone And Other Building Stone

Imports into Cuba

In 2021, after four years of growth, there was significant decline in overseas purchases of granite, sandstone and other building stone, when their volume decreased by -9.7% to X tons. Overall, imports saw a slight downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 44%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone fell to $X in 2021. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 97% against the previous year. Imports peaked at $X in 2020, and then declined in the following year.

Imports by Country

In 2021, Spain (X tons) was the main granite, sandstone and other building stone supplier to Cuba, with a 102% share of total imports. Moreover, imports of granite, sandstone and other building stone from Spain exceeded the figures recorded by the second-largest supplier, Jamaica (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Spain amounted to +4.7%.

In value terms, Spain ($X) constituted the largest supplier of granite, sandstone and other building stone to Cuba, comprising 98% of total imports. The second position in the ranking was held by Jamaica ($X), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +8.2%.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, growing by 5% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for granite, sandstone and other building stone decreased by -5.5% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 63% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Jamaica totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+3.3%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest producers of granite, sandstone and other building stone in the world?

India remains the largest granite, sandstone and other building stone producing country worldwide, comprising approx. 70% of total volume. Moreover, production of granite, sandstone and other building stone in India exceeded the figures recorded by the second-largest producer, Norway, fivefold. The third position in this ranking was occupied by Brazil, with a 4.5% share.

What are the leading suppliers of granite, sandstone and other building stone to Cuba?

In value terms, Spain constituted the largest supplier of granite, sandstone and other building stone to Cuba, comprising 68% of total imports. The second position in the ranking was occupied by Italy, with a 31% share of total imports.

What is the average export price for granite, sandstone and other building stone in Cuba?

In 2018, the average export price for granite, sandstone and other building stone amounted to $118 per ton, almost unchanged from the previous year.

What is the average import price for granite, sandstone and other building stone in Cuba?

The average import price for granite, sandstone and other building stone stood at $1,058 per ton in 2020, which is down by -10% against the previous year.

This report provides an in-depth analysis of the market for granite, sandstone and other building stone in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 08111233 - Granite, crude or roughly trimmed
Prodcom 08111236 - Granite merely cut into rectangular (including square) blocks or slabs
Prodcom 08111250 - Sandstone
Prodcom 08111290 - Porphyry, basalt, quartzites and other monumental or building stone, crude, roughly trimmed or merely cut (excluding calcareous monumental or building stone of a gravity . 2,5, g ranite and sandstone)

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023