Peru: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Peru

After two years of growth, the Peruvian calcareous building stone market decreased by -5.9% to $X in 2021. The market value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then contracted in the following year.

Calcareous Building Stone Production in Peru

In value terms, calcareous building stone production shrank to $X in 2021 estimated in export price. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +44.8% against 2015 indices. The most prominent rate of growth was recorded in 2019 with an increase of 28%. Calcareous building stone production peaked at $X in 2020, and then fell in the following year.

Calcareous Building Stone Exports

Exports from Peru

In 2021, shipments abroad of calcareous building stone decreased by -28.5% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 90% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, calcareous building stone exports fell rapidly to $X in 2021. In general, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 65%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Canada (X kg) and Chile (X kg) were the main destinations of calcareous building stone exports from Peru, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +1.4%), while the other leaders experienced a decline.

In value terms, the United States ($X) and Canada ($X) appeared to be the largest markets for calcareous building stone exported from Peru worldwide.

Among the main countries of destination, Canada, with a CAGR of -5.7%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average calcareous building stone export price stood at $X per ton in 2021, which is down by -20.7% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calcareous building stone export price decreased by -30.9% against 2019 indices. The growth pace was the most rapid in 2019 when the average export price increased by 71%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile ($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 (-3.2%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into Peru

In 2021, after three years of decline, there was significant growth in supplies from abroad of calcareous building stone, when their volume increased by 93% to X kg. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 2,328%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, calcareous building stone imports surged to $X in 2021. In general, imports saw a significant increase. The growth pace was the most rapid in 2015 when imports increased by 1,201% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Ecuador (X kg) was the main supplier of calcareous building stone to Peru, accounting for a 98% share of total imports. It was followed by the United States (X kg), with a 1.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Ecuador totaled +23.0%.

In value terms, Ecuador ($X) constituted the largest supplier of calcareous building stone to Peru, comprising 93% of total imports. The second position in the ranking was taken by the United States ($X), with a 7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Ecuador stood at +24.7%.

Import Prices by Country

In 2021, the average calcareous building stone import price amounted to $X per ton, shrinking by -40% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 1,325%. The import price peaked at $X per ton in 2020, and then declined notably in the following year.

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 Ecuador totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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