Latin America and the Caribbean: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Latin America and the Caribbean

The Latin American market for granite, sandstone and other building stone reduced markedly to $X in 2021, with a decrease of -36.5% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Production of Granite, Sandstone And Other Building Stone in Latin America and the Caribbean

In value terms, production of granite, sandstone and other building stone expanded slightly to $X in 2021 estimated in export price. Over the period under review, production saw a deep contraction. The growth pace was the most rapid in 2013 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth remained at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports in Latin America and the Caribbean

In 2021, exports of granite, sandstone and other building stone in Latin America and the Caribbean declined modestly to X tons, which is down by -5% against 2020 figures. In general, exports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2013 when exports increased by 18%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of granite, sandstone and other building stone rose markedly to $X in 2021. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 19% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The biggest shipments were from Brazil (X tons), together reaching 97% of total export.

Brazil was also the fastest-growing in terms of the granite, sandstone and other building stone exports, with a CAGR of -4.1% from 2012 to 2021. Brazil (+5.2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest granite, sandstone and other building stone supplier in Latin America and the Caribbean.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil stood at -6.1%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, with an increase of 11% against the previous year. In general, the export price, however, recorded a slight setback. Over the period under review, the export prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Brazil amounted to -2.1% per year.

Imports of Granite, Sandstone And Other Building Stone

Imports in Latin America and the Caribbean

Imports of granite, sandstone and other building stone dropped to X tons in 2021, with a decrease of -9.6% on the year before. Over the period under review, imports saw a perceptible slump. The pace of growth appeared the most rapid in 2015 with an increase of 23%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone shrank modestly to $X in 2021. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 4.1% against the previous year. Over the period under review, imports of attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bahamas was the key importing country with an import of around X tons, which reached 40% of total imports. It was distantly followed by Argentina (X tons) and Mexico (X tons), together achieving a 27% share of total imports. The following importers - Saint Maarten (Dutch part) (X tons), Falkland Islands (Malvinas) (X tons), Guyana (X tons), Haiti (X tons), Bolivia (X tons) and Colombia (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Haiti (with a CAGR of +76.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone importing markets in Latin America and the Caribbean were Argentina ($X), Bahamas ($X) and Bolivia ($X), with a combined 59% share of total imports. These countries were followed by Mexico, Colombia, Guyana, Saint Maarten (Dutch part), Haiti and Falkland Islands (Malvinas), which together accounted for a further 11%.

In terms of the main importing countries, Saint Maarten (Dutch part), with a CAGR of +43.1%, saw the highest rates of growth with regard to the value of imports, 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, rising by 7.6% against the previous year. Overall, the import price, however, recorded a mild setback. The pace of growth appeared the most rapid in 2019 an increase of 45% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Bolivia ($X per ton), while Falkland Islands (Malvinas) ($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 (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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