Mexico: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Mexico

The Mexican market for granules, chippings and powder of monumental stone rose rapidly to $X in 2021, surging by 9.7% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Granules, Chippings And Powder Of Monumental Stone in Mexico

In value terms, monumental stone granules and powder production stood at $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 39%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Mexico

In 2021, shipments abroad of granules, chippings and powder of monumental stone decreased by 0% to X tons, falling for the second consecutive year after four years of growth. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2019 with an increase of 12% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports totaled $X in 2021. Overall, exports recorded strong growth. The pace of growth appeared the most rapid in 2019 when exports increased by 47% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for monumental stone granules and powder exports from Mexico, with a 100% share of total exports. It was followed by Chile (X tons), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -3.1%.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +13.0%.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2014 an increase of 34% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+25.4%).

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Mexico

In 2021, the amount of granules, chippings and powder of monumental stone imported into Mexico skyrocketed to X tons, rising by 403% against 2020. Over the period under review, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, monumental stone granules and powder imports declined dramatically to $X in 2021. Overall, imports saw pronounced growth. The growth pace was the most rapid in 2017 when imports increased by 303% 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, Norway (X tons) was the main supplier of monumental stone granules and powder to Mexico, accounting for a 95% share of total imports. It was followed by France (X tons), with a 2.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway stood at +75.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+65.2% per year) and the United States (+5.8% per year).

In value terms, Norway ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Mexico, comprising 38% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway amounted to -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-6.1% per year) and France (+16.2% per year).

Import Prices by Country

In 2021, the average import price for granules, chippings and powder of monumental stone amounted to $X per ton, with a decrease of -94.1% against the previous year. Over the period under review, the import price faced a dramatic slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+34.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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