Latin America and the Caribbean: Construction Sands Market 2024

Construction Sands Market Size in Latin America and the Caribbean

The Latin American construction sands market expanded to $X in 2022, increasing by 1.8% against the previous year. Overall, consumption, however, saw a slight slump. The pace of growth was the most pronounced in 2020 when the market value increased by 7.3% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Construction Sands Production in Latin America and the Caribbean

In value terms, construction sands production amounted to $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 6.2%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Construction Sands Exports

Exports in Latin America and the Caribbean

In 2022, the amount of construction sands exported in Latin America and the Caribbean declined to X tons, reducing by -10.1% compared with the previous year. Over the period under review, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 with an increase of 28% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, construction sands exports contracted dramatically to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 44%. Over the period under review, the exports hit record highs at $X in 2021, and then declined dramatically in the following year.

Exports by Country

The biggest shipments were from Mexico (X tons), Colombia (X tons) and Suriname (X tons), together recording 68% of total export. Costa Rica (X tons) took the next position in the ranking, followed by the Dominican Republic (X tons) and Jamaica (X tons). All these countries together held approx. 28% share of total exports. Brazil (X tons) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Suriname (with a CAGR of +85.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest construction sands supplier in Latin America and the Caribbean, comprising 78% of total exports. The second position in the ranking was taken by Colombia ($X), with an 11% share of total exports. It was followed by Costa Rica, with a 3.6% share.

In Mexico, construction sands exports increased at an average annual rate of +9.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+5.9% per year) and Costa Rica (+9.6% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by -10.3% against the previous year. In general, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2016 an increase of 470%. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Suriname ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+39.3%), while the other leaders experienced more modest paces of growth.

Construction Sands Imports

Imports in Latin America and the Caribbean

In 2022, imports of construction sands in Latin America and the Caribbean declined to X tons, reducing by -14.2% compared with the previous year's figure. In general, imports saw a slight downturn. The pace of growth was the most pronounced in 2016 with an increase of 66% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, construction sands imports stood at $X in 2022. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2016 when imports increased by 29% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Aruba (X tons), Antigua and Barbuda (X tons) and Turks and Caicos Islands (X tons) was the largest importer of construction sands in Latin America and the Caribbean, making up 52% of total import. British Virgin Islands (X tons) ranks next in terms of the total imports with a 9.9% share, followed by Bahamas (6.5%), Cayman Islands (6.3%) and Haiti (5.9%).

From 2012 to 2022, the biggest increases were recorded for Antigua and Barbuda (with a CAGR of +109.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Aruba ($X), Bahamas ($X) and Antigua and Barbuda ($X) constituted the countries with the highest levels of imports in 2022, together comprising 22% of total imports.

Antigua and Barbuda, with a CAGR of +43.2%, saw the highest growth rate of 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 2022, the import price in Latin America and the Caribbean amounted to $X per ton, surging by 22% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahamas ($X per ton), while Turks and Caicos Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cayman Islands (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :