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

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

The Peruvian market for granite, sandstone and other building stone soared to $X in 2013, jumping by 58% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a significant expansion from 2012 to 2013: its value increased at an average annual rate of +57.6% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Granite, Sandstone And Other Building Stone

Exports from Peru

In 2021, shipments abroad of granite, sandstone and other building stone decreased by -22% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 93%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone shrank rapidly to $X in 2021. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 104% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for exports of granite, sandstone and other building stone from Peru, with a 66% share of total exports. Moreover, exports of granite, sandstone and other building stone to Canada exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was taken by Chile (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+43.5% per year) and Chile (+31.1% per year).

In value terms, Canada ($X) remains the key foreign market for granite, sandstone and other building stone exports from Peru, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with a 17% share of total exports. It was followed by Chile, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+32.0% per year) and Chile (+28.4% per year).

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, increasing by 3.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2019 an increase of 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Brazil ($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 Canada (+9.9%), while the prices for the other major destinations experienced a decline.

Imports of Granite, Sandstone And Other Building Stone

Imports into Peru

After five years of growth, purchases abroad of granite, sandstone and other building stone decreased by -8.3% to X tons in 2021. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, imports of granite, sandstone and other building stone contracted to $X in 2021. Over the period under review, imports, however, showed strong growth. The growth pace was the most rapid in 2019 when imports increased by 64% against the previous year. Over the period under review, imports of reached the maximum at $X in 2020, and then declined in the following year.

Imports by Country

Egypt (X tons), Spain (X tons) and Portugal (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Peru, together comprising 91% of total imports. India, Chile and the United States lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +26.5%), 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 Peru were India ($X), Egypt ($X) and Spain ($X), with a combined 47% share of total imports. These countries were followed by Chile, the United States and Portugal, which together accounted for a further 26%.

Portugal, with a CAGR of +64.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 39%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :