Puerto Rico: Marble Building Stone Market 2024

Marble Building Stone Market Size in Puerto Rico

The Puerto Rican marble building stone market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Marble Building Stone Production in Puerto Rico

In value terms, marble building stone production expanded significantly to $X in 2021 estimated in export price. In general, production, however, saw a pronounced reduction. The growth pace was the most rapid in 2017 when the production volume increased by 87% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Marble Building Stone Exports

Exports from Puerto Rico

In 2021, marble building stone exports from Puerto Rico was estimated at less than X kg, therefore, remained relatively stable against the year before. Overall, exports recorded a relatively flat trend pattern.

In value terms, marble building stone exports totaled less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

Turkey prevails in exports structure, resulting at X tons, which was near 60% of total exports in 2021. China (X tons) took the second position in the ranking, followed by Italy (X tons). All these countries together held approx. 16% share of total exports. The following exporters - Oman (X tons), Egypt (X tons), Greece (X tons), Spain (X tons), Portugal (X tons), India (X tons) and the United States (X tons) - together made up 17% of total exports.

Turkey was also the fastest-growing in terms of the marble building stone exports, with a CAGR of +11.8% from 2012 to 2021. At the same time, Oman (+6.7%), Greece (+4.5%), India (+2.1%), the United States (+1.7%) and Portugal (+1.0%) displayed positive paces of growth. By contrast, Egypt (-1.1%), Italy (-3.4%), Spain (-5.2%) and China (-8.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey increased by +30 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), China ($X) and Italy ($X) were the countries with the highest levels of exports in 2021, with a combined 76% share of total exports. These countries were followed by Egypt, Greece, Spain, India, Oman, Portugal and the United States, which together accounted for a further 16%.

India, with a CAGR of +10.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, stabilizing at the previous year. Overall, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.9%), while the other leaders experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Puerto Rico

In 2021, imports of marble building stone into Puerto Rico totaled less than X kg, stabilizing at 2020 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, marble building stone imports amounted to less than $X in 2021. In general, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X tons), distantly followed by Saudi Arabia (X tons), the United Arab Emirates (X tons), South Korea (X tons), Libya (X tons), Iraq (X tons) and France (X tons) were the main importers of marble building stone, together achieving 61% of total imports. Morocco (X tons), Kuwait (X tons), Qatar (X tons), Israel (X tons), India (X tons) and Lebanon (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Saudi Arabia (with a CAGR of +38.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported marble building stone into Puerto Rico, comprising 29% of global imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7.8% share of global imports. It was followed by Saudi Arabia, with a 5.7% share.

In the United States, marble building stone imports expanded at an average annual rate of +4.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+6.5% per year) and Saudi Arabia (+18.2% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, almost unchanged from the previous year. In general, the import price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per ton), while Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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