Latin America and the Caribbean: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Latin America and the Caribbean

After two years of decline, the Latin American market for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 7.4% to $X in 2021. In general, consumption continues to indicate a remarkable increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Latin America and the Caribbean

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone rose rapidly to $X in 2021 estimated in export price. Over the period under review, production showed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 38%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in Latin America and the Caribbean

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to X tons in 2021, with an increase of 92% against the previous year. Overall, exports, however, recorded a slight decline. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) and Argentina (X tons) prevails in stone structure, together constituting 83% of total exports. It was distantly followed by Guatemala (X tons), generating an 8.5% share of total exports. Colombia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +6.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X) remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Latin America and the Caribbean, comprising 55% of total exports. The second position in the ranking was held by Argentina ($X), with a 24% share of total exports. It was followed by Guatemala, with a 4.7% share.

In Mexico, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded at an average annual rate of +5.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+3.2% per year) and Guatemala (+13.9% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, falling by -12.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2015 when the export price increased by 12%. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Mexico ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in Latin America and the Caribbean

In 2021, overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone increased by 34% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. Over the period under review, imports recorded prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which recorded 41% of total imports. It was distantly followed by Mexico (X tons), Argentina (X tons) and Colombia (X tons), together achieving a 33% share of total imports. Chile (X tons), Uruguay (X tons), Nicaragua (X tons), Bahamas (X tons) and Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tiles, flagstones and similar articles of cement, concrete or artificial stone imports into Brazil stood at +8.5%. At the same time, Colombia (+22.9%), Mexico (+22.4%), Argentina (+19.4%), Chile (+18.1%), Bahamas (+10.5%) and Nicaragua (+7.8%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +22.9% from 2012-2021. Costa Rica experienced a relatively flat trend pattern. By contrast, Uruguay (-5.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico, Argentina, Colombia and Chile increased by +13, +4.6, +3.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported tiles, flagstones and similar articles of cement, concrete or artificial stone in Latin America and the Caribbean, comprising 42% of total imports. The second position in the ranking was held by Argentina ($X), with a 15% share of total imports. It was followed by Mexico, with a 12% share.

In Brazil, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded at an average annual rate of +6.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Argentina (+16.6% per year) and Mexico (+14.2% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, growing by 20% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Argentina ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Costa Rica (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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