Latin America and the Caribbean: Concrete Tile Market 2024

Concrete Tile Market Size in Latin America and the Caribbean

The Latin American concrete tile market dropped slightly to $X in 2022, falling by -1.7% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Concrete Tile Production in Latin America and the Caribbean

In value terms, concrete tile production declined modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 18%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Concrete Tile Exports

Exports in Latin America and the Caribbean

In 2022, the amount of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone exported in Latin America and the Caribbean soared to X tons, picking up by 34% against the previous year's figure. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.0% against 2019 indices. The growth pace was the most rapid in 2019 when exports increased by 45%. The volume of export peaked in 2022 and is likely to continue growth in the near future.

In value terms, concrete tile exports skyrocketed to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.9% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The shipments of the three major exporters of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone, namely Mexico, El Salvador and the Dominican Republic, represented more than two-thirds of total export. It was distantly followed by Argentina (X tons), making up a 6.7% share of total exports. The following exporters - Brazil (X tons) and Guatemala (X tons) - together made up 4.9% of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +26.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) remains the largest concrete tile supplier in Latin America and the Caribbean, comprising 52% of total exports. The second position in the ranking was held by the Dominican Republic ($X), with a 17% share of total exports. It was followed by El Salvador, with a 10% share.

In Mexico, concrete tile exports expanded at an average annual rate of +5.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Dominican Republic (+12.9% per year) and El Salvador (+7.3% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, dropping by -9.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 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 Guatemala ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+7.5%), while the other leaders experienced more modest paces of growth.

Concrete Tile Imports

Imports in Latin America and the Caribbean

Concrete tile imports contracted slightly to X tons in 2022, reducing by -1.7% on the year before. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 25%. Over the period under review, imports reached the maximum at X tons in 2021, and then dropped in the following year.

In value terms, concrete tile imports stood at $X in 2022. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2021 with an increase of 55%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Honduras (X tons) and Brazil (X tons) represented roughly 49% of total imports in 2022. Uruguay (X tons) took the next position in the ranking, followed by Turks and Caicos Islands (X tons) and Mexico (X tons). All these countries together held near 25% share of total imports. The following importers - Argentina (X tons), Bahamas (X tons), Cayman Islands (X tons), Colombia (X tons) and Chile (X tons) - together made up 13% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turks and Caicos Islands (with a CAGR of +32.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone in Latin America and the Caribbean, comprising 40% of total imports. The second position in the ranking was held by Mexico ($X), with an 11% share of total imports. It was followed by Argentina, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled +6.9%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+9.4% per year) and Argentina (+10.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by 4.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 29% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+7.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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