Mexico: Market for Granite, Sandstone And Other Building Stone 2022

Market Size for Granite, Sandstone And Other Building Stone in Mexico

The Mexican market for granite, sandstone and other building stone stood at less than $X in 2021, standing approx. at the previous year. In general, consumption saw a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in Mexico

In value terms, production of granite, sandstone and other building stone soared to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt decline. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Mexico

Exports of granite, sandstone and other building stone from Mexico skyrocketed to X tons in 2021, picking up by 45% compared with 2020. Overall, exports, however, saw a dramatic decline. The pace of growth was the most pronounced in 2019 when exports increased by 70%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone surged to $X in 2021. In general, exports, however, continue to indicate a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for exports of granite, sandstone and other building stone from Mexico, with a 90% share of total exports. Moreover, exports of granite, sandstone and other building stone to the United States exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at -15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.2% per year) and China (-2.0% per year).

In value terms, the United States ($X) remains the key foreign market for granite, sandstone and other building stone exports from Mexico, comprising 125% of total exports. The second position in the ranking was held by China ($X), with an 18% share of total exports. It was followed by Qatar, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.4% per year) and Qatar (+27.0% per year).

Export Prices by Country

The average export price for granite, sandstone and other building stone stood at $X per ton in 2021, picking up by 189% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while the average price for exports to Hong Kong SAR ($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 the United States (+21.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granite, Sandstone And Other Building Stone

Imports into Mexico

In 2021, purchases abroad of granite, sandstone and other building stone increased by 72% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a perceptible downturn. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone contracted to $X in 2021. In general, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 32%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), India (X tons) and Spain (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Mexico, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were in India (with a CAGR of +31.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest granite, sandstone and other building stone suppliers to Mexico were India ($X), Brazil ($X) and China ($X), with a combined 80% share of total imports. Spain, the Dominican Republic, Italy, the United States, Norway and Turkey lagged somewhat behind, together comprising a further 49%.

In terms of the main suppliers, the Dominican Republic, with a CAGR of +30.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, which is down by -43.4% against the previous year. Over the period under review, the import price showed a noticeable slump. The pace of growth appeared the most rapid in 2020 when the average import price increased by 157%. As a result, import price attained the peak level of $X per ton, and then shrank rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for the United States ($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 Dominican Republic (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :