Latin America and the Caribbean: Market for Marble And Travertine 2024

Market Size for Marble And Travertine in Latin America and the Caribbean

The Latin American marble and travertine crude market contracted slightly to $X in 2022, leveling off at the previous year. Over the period under review, consumption saw a perceptible decline. The pace of growth was the most pronounced in 2018 with an increase of 7.2%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Marble And Travertine in Latin America and the Caribbean

In value terms, marble and travertine crude production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 9.9%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Marble And Travertine

Exports in Latin America and the Caribbean

In 2022, the amount of marble and travertine exported in Latin America and the Caribbean reduced to X tons, which is down by -3.3% against the previous year. In general, exports faced a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the crude exports remained at a somewhat lower figure.

In value terms, marble and travertine crude exports declined sharply to $X in 2022. Overall, exports recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 23% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the crude exports remained at a lower figure.

Exports by Country

Chile (X tons) and Guatemala (X tons) represented roughly 74% of total exports in 2022. It was distantly followed by Brazil (X tons), mixing up a 16% share of total exports. The following exporters - Peru (X tons), Costa Rica (X tons) and Colombia (X tons) - together made up 8.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +38.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest marble and travertine crude supplying countries in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Guatemala ($X), with a combined 87% share of total exports.

Chile, with a CAGR of +46.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -15.6% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The growth pace was the most rapid in 2014 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+22.5%), while the other leaders experienced more modest paces of growth.

Imports of Marble And Travertine

Imports in Latin America and the Caribbean

In 2022, imports of marble and travertine in Latin America and the Caribbean shrank dramatically to X tons, dropping by -24% compared with the year before. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 50%. Over the period under review, crude imports reached the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, marble and travertine crude imports dropped dramatically to $X in 2022. Over the period under review, imports, however, recorded a modest increase. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. Over the period under review, crude imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Colombia (X tons), distantly followed by British Virgin Islands (X tons), El Salvador (X tons), Cayman Islands (X tons), Costa Rica (X tons) and Venezuela (X tons) were the main importers of marble and travertine, together constituting 88% of total imports. Panama (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Cayman Islands (with a CAGR of +64.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X) constitutes the largest market for imported marble and travertine in Latin America and the Caribbean, comprising 36% of total imports. The second position in the ranking was taken by British Virgin Islands ($X), with an 11% share of total imports. It was followed by Cayman Islands, with a 9.6% share.

In Colombia, marble and travertine crude imports expanded at an average annual rate of +18.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: British Virgin Islands (+24.4% per year) and Cayman Islands (+37.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by -6.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 27%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Venezuela ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+1.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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