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

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

The Latin American marble and travertine blocks market dropped to $X in 2022, with a decrease of -4.8% against the previous year. In general, consumption continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by 6.2%. 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.

Production of Marble And Travertine Blocks And Slabs in Latin America and the Caribbean

In value terms, marble and travertine blocks production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 10%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Marble And Travertine Blocks And Slabs

Exports in Latin America and the Caribbean

In 2022, the amount of marble and travertine blocks and slabs exported in Latin America and the Caribbean expanded remarkably to X tons, rising by 12% against 2021 figures. Over the period under review, exports posted a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 64%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, marble and travertine blocks exports expanded rapidly to $X in 2022. In general, exports recorded a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 290%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Brazil represented the major exporter of marble and travertine blocks and slabs in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. 74% of total exports in 2022. It was distantly followed by Mexico (X tons), committing a 21% share of total exports. Guatemala (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to marble and travertine blocks exports from Brazil stood at +22.4%. At the same time, Guatemala (+42.4%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +42.4% from 2012-2022. Mexico experienced a relatively flat trend pattern. While the share of Brazil (+46 p.p.) and Guatemala (+2.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Mexico (-36.9 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest marble and travertine blocks supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was taken by Mexico ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled +28.2%. In the other countries, the average annual rates were as follows: Mexico (+0.5% per year) and Guatemala (+26.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price recorded a tangible expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 221% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 Brazil (+4.7%), while the other leaders experienced a decline in the export price figures.

Imports of Marble And Travertine Blocks And Slabs

Imports in Latin America and the Caribbean

In 2022, imports of marble and travertine blocks and slabs in Latin America and the Caribbean fell to X tons, with a decrease of -12.6% compared with the year before. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 56%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, marble and travertine blocks imports contracted rapidly to $X in 2022. Over the period under review, imports showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Brazil was the largest importer of marble and travertine blocks and slabs in Latin America and the Caribbean, with the volume of imports reaching X tons, which was approx. 50% of total imports in 2022. Colombia (X tons) ranks second in terms of the total imports with a 29% share, followed by Venezuela (12%). The following importers - Costa Rica (X tons) and Cayman Islands (X tons) - each resulted at a 4.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cayman Islands (with a CAGR of +19.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Brazil ($X) constitutes the largest market for imported marble and travertine blocks and slabs in Latin America and the Caribbean, comprising 52% of total imports. The second position in the ranking was held by Colombia ($X), with a 24% share of total imports. It was followed by Venezuela, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -3.1%. In the other countries, the average annual rates were as follows: Colombia (-1.1% per year) and Venezuela (-7.2% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, falling by -5.5% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 5.9%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (+1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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