MERCOSUR: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in MERCOSUR

The MERCOSUR natural stone sett market contracted slightly to $X in 2022, dropping by -2.9% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Natural Stone Sett Production in MERCOSUR

In value terms, natural stone sett production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 18%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Natural Stone Sett Exports

Exports in MERCOSUR

In 2022, natural stone sett exports in MERCOSUR contracted sharply to X tons, which is down by -27.9% on the year before. Overall, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural stone sett exports declined sharply to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the key exporting country with an export of around X tons, which resulted at 82% of total exports. It was distantly followed by Ecuador (X tons), constituting a 14% share of total exports. Peru (X tons) held a little share of total exports.

Exports from Brazil decreased at an average annual rate of -13.7% from 2012 to 2022. At the same time, Peru (+53.1%) and Ecuador (+15.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +53.1% from 2012-2022. From 2012 to 2022, the share of Ecuador and Peru increased by +13 and +3.6 percentage points, respectively.

In value terms, Brazil ($X) remains the largest natural stone sett supplier in MERCOSUR, comprising 87% of total exports. The second position in the ranking was taken by Peru ($X), with a 5.9% share of total exports.

In Brazil, natural stone sett exports contracted by an average annual rate of -15.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+63.1% per year) and Ecuador (+15.7% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, shrinking by -1.9% against the previous year. Over the period under review, the export price saw a pronounced downturn. The growth pace was the most rapid in 2021 when the export price increased by 6%. The level of export peaked at $X per ton in 2012; however, from 2013 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 Peru ($X per ton), while Ecuador ($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 (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Natural Stone Sett Imports

Imports in MERCOSUR

Natural stone sett imports shrank to X tons in 2022, which is down by -8.8% compared with the previous year. In general, imports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, natural stone sett imports contracted slightly to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.0% against 2017 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Argentina (X tons), distantly followed by Colombia (X tons), Chile (X tons), Venezuela (X tons) and Brazil (X tons) represented the main importers of natural stone setts, kerbstones and flagstones, together achieving 89% of total imports. The following importers - Ecuador (X tons) and Uruguay (X tons) - each resulted at a 7.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Colombia (with a CAGR of +28.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X) constitutes the largest market for imported natural stone setts, kerbstones and flagstones in MERCOSUR, comprising 45% of total imports. The second position in the ranking was taken by Colombia ($X), with a 17% share of total imports. It was followed by Brazil, with an 11% share.

In Argentina, natural stone sett imports expanded at an average annual rate of +23.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Colombia (+18.0% per year) and Brazil (+1.5% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, picking up by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.6%. The most prominent rate of growth was recorded in 2017 an increase of 29%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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 Brazil ($X per ton), while Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform