U.S.: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in the U.S.

After three years of growth, the U.S. market for granules, chippings and powder of monumental stone decreased by -1.7% to $X in 2021. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Monumental stone granules and powder consumption peaked at $X in 2020, and then dropped in the following year.

Production of Granules, Chippings And Powder Of Monumental Stone in the U.S.

In value terms, monumental stone granules and powder production dropped to $X in 2021. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 26%. Over the period under review, production hit record highs at $X in 2020, and then fell modestly in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from the U.S.

In 2021, overseas shipments of granules, chippings and powder of monumental stone increased by 41% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +129.2% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 63% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, monumental stone granules and powder exports surged to $X in 2021. Overall, exports recorded a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and Peru (X tons) were the main destinations of monumental stone granules and powder exports from the United States, together comprising 74% of total exports. Colombia, Ecuador, Costa Rica and Guatemala lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the biggest increases were recorded for Ecuador (with a CAGR of +1,656.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for monumental stone granules and powder exported from the United States were Canada ($X), Mexico ($X) and Colombia ($X), together comprising 60% of total exports. These countries were followed by Ecuador, Peru, Guatemala and Costa Rica, which together accounted for a further 27%.

In terms of the main countries of destination, Ecuador, with a CAGR of +1,626.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for granules, chippings and powder of monumental stone amounted to $X per ton, rising by 8.7% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, monumental stone granules and powder export price decreased by -13.8% against 2019 indices. The growth pace was the most rapid in 2013 when the average export price increased by 39%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Peru ($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 Guatemala (+13.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into the U.S.

In 2021, monumental stone granules and powder imports into the United States surged to X tons, picking up by 48% compared with the previous year. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 103% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, monumental stone granules and powder imports rose significantly to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 45% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Jamaica (X tons) constituted the largest supplier of monumental stone granules and powder to the United States, accounting for a 62% share of total imports. Moreover, monumental stone granules and powder imports from Jamaica exceeded the figures recorded by the second-largest supplier, Norway (X tons), fourfold. Canada (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual growth rate of volume from Jamaica amounted to +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+16.7% per year) and Canada (+34.5% per year).

In value terms, the largest monumental stone granules and powder suppliers to the United States were Jamaica ($X), Norway ($X) and Canada ($X), together comprising 77% of total imports. These countries were followed by Turkey, China and Mexico, which together accounted for a further 15%.

Among the main suppliers, Turkey, with a CAGR of +44.3%, 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 granules, chippings and powder of monumental stone amounted to $X per ton, dropping by -27.7% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jamaica (-14.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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