Latin America and the Caribbean: Sandstone Market 2024

Sandstone Market Size in Latin America and the Caribbean

In 2022, the Latin American sandstone market increased by 19% to $X, rising for the fourth consecutive year after five years of decline. In general, consumption, however, recorded a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Sandstone Production in Latin America and the Caribbean

In value terms, sandstone production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 59%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sandstone Exports

Exports in Latin America and the Caribbean

Sandstone exports dropped to X tons in 2022, shrinking by -7.4% on 2021 figures. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 302% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, sandstone exports rose markedly to $X in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 130%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

Jamaica prevails in exports structure, recording X tons, which was near 86% of total exports in 2022. It was distantly followed by Brazil (X tons), creating a 9.5% share of total exports. Peru (X tons) took a little share of total exports.

Jamaica was also the fastest-growing in terms of the sandstone exports, with a CAGR of +89.6% from 2012 to 2022. At the same time, Peru (+66.3%) and Brazil (+24.8%) displayed positive paces of growth. While the share of Jamaica (+83 p.p.), Brazil (+9.5 p.p.) and Peru (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sandstone supplying countries in Latin America and the Caribbean were Brazil ($X), Jamaica ($X) and Peru ($X), with a combined 94% share of total exports.

Peru, with a CAGR of +62.0%, saw the highest growth rate of 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by 57% 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 failed to regain momentum.

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 Peru ($X per ton), while Jamaica ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (-2.6%), while the other leaders experienced a decline in the export price figures.

Sandstone Imports

Imports in Latin America and the Caribbean

In 2022, approx. X tons of sandstone were imported in Latin America and the Caribbean; waning by -29% on the year before. Overall, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 54%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, sandstone imports fell modestly to $X in 2022. Over the period under review, imports saw a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 18% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Dominican Republic (X tons), Costa Rica (X tons), Saint Kitts and Nevis (X tons) and Colombia (X tons) was the key importer of sandstone in Latin America and the Caribbean, committing 66% of total import. It was distantly followed by Trinidad and Tobago (X tons), mixing up a 4.7% share of total imports. Panama (X tons), Curacao (X tons), Cayman Islands (X tons), Saint Vincent and the Grenadines (X tons), Aruba (X tons), Bahamas (X tons), Argentina (X tons) and Venezuela (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Colombia (with a CAGR of +121.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Costa Rica ($X), the Dominican Republic ($X) and Cayman Islands ($X) were the countries with the highest levels of imports in 2022, together comprising 55% of total imports. Saint Kitts and Nevis, Aruba, Colombia, Curacao, Trinidad and Tobago, Bahamas, Saint Vincent and the Grenadines, Panama, Venezuela and Argentina lagged somewhat behind, together comprising a further 39%.

Among the main importing countries, Colombia, with a CAGR of +65.0%, 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

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 38% against the previous year. Over the period under review, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2016 when the import price increased by 215%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Aruba ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Curacao (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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