Latin America and the Caribbean: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Latin America and the Caribbean

The Latin American calcareous building stone market was finally on the rise to reach $X in 2021, after four years of decline. In general, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Calcareous Building Stone Production in Latin America and the Caribbean

In value terms, calcareous building stone production expanded to $X in 2021 estimated in export price. Overall, production, however, recorded a deep reduction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Calcareous Building Stone Exports

Exports in Latin America and the Caribbean

In 2021, calcareous building stone exports in Latin America and the Caribbean expanded sharply to X tons, surging by 14% against 2020. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 50%. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, calcareous building stone exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 44% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Dominican Republic represented the key exporter of calcareous building stone in Latin America and the Caribbean, with the volume of exports reaching X tons, which was approx. 42% of total exports in 2021. Argentina (X tons) ranks second in terms of the total exports with a 17% share, followed by Guatemala (17%) and Mexico (15%). Brazil (X tons) followed a long way behind the leaders.

Exports from the Dominican Republic decreased at an average annual rate of -10.7% from 2012 to 2021. At the same time, Argentina (+13.2%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +13.2% from 2012-2021. By contrast, Guatemala (-2.4%), Mexico (-3.6%) and Brazil (-24.4%) illustrated a downward trend over the same period. Guatemala (+17 p.p.), Argentina (+15 p.p.) and Mexico (+6.5 p.p.) significantly strengthened its position in terms of the total exports, while the Dominican Republic and Brazil saw its share reduced by -6% and -7.4% from 2012 to 2021, respectively.

In value terms, the Dominican Republic ($X) remains the largest calcareous building stone supplier in Latin America and the Caribbean, comprising 62% of total exports. The second position in the ranking was held by Mexico ($X), with a 13% share of total exports. It was followed by Argentina, with a 9.6% share.

In the Dominican Republic, calcareous building stone exports declined by an average annual rate of -10.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (-3.1% per year) and Argentina (-2.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, increasing by 5.3% against the previous year. Overall, the export price, however, saw a perceptible descent. The pace of growth was the most pronounced in 2014 an increase of 14%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+32.4%), while the other leaders experienced more modest paces of growth.

Calcareous Building Stone Imports

Imports in Latin America and the Caribbean

In 2021, calcareous building stone imports in Latin America and the Caribbean contracted dramatically to X tons, dropping by -40.7% against 2020 figures. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 46%. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, calcareous building stone imports fell dramatically to $X in 2021. In general, imports recorded a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 39%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X tons) and Mexico (X tons) were the main importers of calcareous building stone in Latin America and the Caribbean, together constituting 56% of total imports. Bahamas (X tons) ranks next in terms of the total imports with a 7.5% share, followed by Chile (7%), El Salvador (6.7%) and Guatemala (5.2%). Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +111.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported calcareous building stone in Latin America and the Caribbean, comprising 43% of total imports. The second position in the ranking was held by Bahamas ($X), with a 14% share of total imports. It was followed by Mexico, with a 5.8% share.

In Brazil, calcareous building stone imports expanded at an average annual rate of +11.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bahamas (+60.0% per year) and Mexico (-13.1% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, jumping by 37% against the previous year. Overall, the import price enjoyed a strong expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahamas ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahamas (+24.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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