Mexico: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Mexico

In 2021, after three years of decline, there was significant growth in the Mexican calcareous building stone market, when its value increased by 6.8% to $X. Over the period under review, consumption, however, showed a pronounced contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcareous Building Stone Production in Mexico

In value terms, calcareous building stone production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by 24% against the previous year. Calcareous building stone production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Calcareous Building Stone Exports

Exports from Mexico

In 2021, approx. X tons of calcareous building stone were exported from Mexico; falling by -34.9% on 2020 figures. In general, exports showed a perceptible slump. The growth pace was the most rapid in 2014 with an increase of 926% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, calcareous building stone exports dropped significantly to $X in 2021. Overall, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 323% against the previous year. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

China (X tons) was the main destination for calcareous building stone exports from Mexico, with a 84% share of total exports. Moreover, calcareous building stone exports to China exceeded the volume sent to the second major destination, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+8.2% per year) and Spain (+8.6% per year).

In value terms, China ($X) remains the key foreign market for calcareous building stone exports from Mexico, comprising 89% of total exports. The second position in the ranking was held by the United States ($X), with a 6.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.5% per year) and Spain (+3.1% per year).

Export Prices by Country

In 2021, the average calcareous building stone export price amounted to $X per ton, with an increase of 4.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.3%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into Mexico

In 2021, the amount of calcareous building stone imported into Mexico shrank notably to X tons, waning by -80.5% against the year before. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 106% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, calcareous building stone imports fell notably to $X in 2021. In general, imports faced a deep slump. The growth pace was the most rapid in 2017 with an increase of 160% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest calcareous building stone supplier to Mexico, accounting for a 47% share of total imports. Moreover, calcareous building stone imports from the United States exceeded the figures recorded by the second-largest supplier, the Dominican Republic (X tons), threefold. France (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to -19.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Dominican Republic (+4.9% per year) and France (+68.0% per year).

In value terms, the largest calcareous building stone suppliers to Mexico were the United States ($X), France ($X) and Belgium ($X), together comprising 68% of total imports. Brazil, Portugal, India and the Dominican Republic lagged somewhat behind, together comprising a further 22%.

In terms of the main suppliers, Brazil, with a CAGR of +56.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average calcareous building stone import price stood at $X per ton in 2021, dropping by -44.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 51% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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