MERCOSUR: Crude Granite Market 2024

Crude Granite Market Size in MERCOSUR

After two years of decline, the MERCOSUR crude granite market increased by 49% to $X in 2022. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Crude Granite Production in MERCOSUR

In value terms, crude granite production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Crude Granite Exports

Exports in MERCOSUR

In 2022, overseas shipments of granite (crude) increased by 1.7% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 46%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, crude granite exports surged to $X in 2022. In general, exports, however, saw a deep reduction. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, finishing at X tons, which was approx. 94% of total exports in 2022. Uruguay (X tons) and Argentina (X tons) took a little share of total exports.

Exports from Brazil decreased at an average annual rate of -11.6% from 2012 to 2022. At the same time, Uruguay (+5.0%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +5.0% from 2012-2022. By contrast, Argentina (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uruguay increased by +3.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest crude granite supplier in MERCOSUR, comprising 90% of total exports. The second position in the ranking was taken by Uruguay ($X), with a 6.6% share of total exports.

In Brazil, crude granite exports contracted by an average annual rate of -9.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Uruguay (+15.1% per year) and Argentina (-7.1% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by 51% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (+9.6%), while the other leaders experienced more modest paces of growth.

Crude Granite Imports

Imports in MERCOSUR

In 2022, overseas purchases of granite (crude) increased by 0.9% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 3.2%. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, crude granite imports rose modestly to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.3% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 9.6% against the previous year. The level of import peaked at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

Argentina dominates imports structure, accounting for X tons, which was approx. 93% of total imports in 2022. It was distantly followed by Colombia (X tons), achieving a 5.3% share of total imports.

Argentina experienced a relatively flat trend pattern with regard to volume of imports of granite (crude). At the same time, Colombia (+18.4%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +18.4% from 2012-2022. Colombia (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Argentina ($X) constitutes the largest market for imported granite (crude) in MERCOSUR, comprising 96% of total imports. The second position in the ranking was taken by Colombia ($X), with a 2.4% share of total imports.

In Argentina, crude granite imports increased at an average annual rate of +5.3% over the period from 2012-2022.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 1.8% against the previous year. Import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude granite import price decreased by -5.2% against 2020 indices. The growth pace was the most rapid in 2016 an increase of 11%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Argentina ($X per ton), while Colombia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+5.6%).

Source: IndexBox Platform