Latin America and the Caribbean: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Latin America and the Caribbean

The Latin American market for building blocks and bricks of cement, concrete or artificial stone expanded modestly to $X in 2021, picking up by 2.4% against the previous year. Over the period under review, consumption recorded a mild increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Latin America and the Caribbean

In value terms, production of building blocks and bricks of cement, concrete or artificial stone rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2021, the amount of building blocks and bricks of cement, concrete or artificial stone exported in Latin America and the Caribbean skyrocketed to X tons, rising by 23% on the previous year. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.5% against 2018 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 49% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone stood at $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.4% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 22% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

El Salvador (X tons) and Mexico (X tons) were the largest exporters of building blocks and bricks of cement, concrete or artificial stone in 2021, accounting for approx. 40% and 35% of total exports, respectively. It was distantly followed by the Dominican Republic (X tons), constituting a 17% share of total exports. The following exporters - Argentina (X tons) and Brazil (X tons) - together made up 7% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Argentina (with a CAGR of +43.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest building blocks and bricks of cement, concrete or artificial stone supplying countries in Latin America and the Caribbean were Mexico ($X), El Salvador ($X) and the Dominican Republic ($X), together accounting for 82% of total exports. Argentina and Brazil lagged somewhat behind, together accounting for a further 14%.

In terms of the main exporting countries, Argentina, with a CAGR of +33.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, dropping by -17.8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 22%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Argentina ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+2.3%), while the other leaders experienced a decline in the export price figures.

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

Imports in Latin America and the Caribbean

In 2021, approx. X tons of building blocks and bricks of cement, concrete or artificial stone were imported in Latin America and the Caribbean; with an increase of 9.9% on the year before. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2016 when imports increased by 57% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone totaled $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 35%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Honduras (X tons) represented the largest importer of building blocks and bricks of cement, concrete or artificial stone, generating 56% of total imports. Turks and Caicos Islands (X tons) took the second position in the ranking, distantly followed by Uruguay (X tons). All these countries together took approx. 26% share of total imports. The following importers - Bahamas (X tons), Cayman Islands (X tons), Haiti (X tons) and British Virgin Islands (X tons) - together made up 12% of total imports.

From 2012 to 2021, average annual rates of growth with regard to building blocks and bricks of cement, concrete or artificial stone imports into Honduras stood at +8.9%. At the same time, Uruguay (+43.0%), Turks and Caicos Islands (+41.4%), Cayman Islands (+36.4%), Bahamas (+12.3%) and British Virgin Islands (+6.0%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +43.0% from 2012-2021. By contrast, Haiti (-8.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turks and Caicos Islands, Uruguay and Cayman Islands increased by +17, +6.1 and +3.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Honduras ($X), Turks and Caicos Islands ($X) and Uruguay ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 59% share of total imports.

Turks and Caicos Islands, with a CAGR of +52.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by -2.7% against the previous year. In general, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 12%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Cayman Islands ($X per ton), while Haiti ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turks and Caicos Islands (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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