Uruguay: Granite Block Market 2024

Granite Block Market Size in Uruguay

The Uruguayan granite block market shrank to $X in 2022, waning by -10.1% against the previous year. In general, consumption showed a mild contraction. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Granite Block Production in Uruguay

In value terms, granite block production dropped to $X in 2022 estimated in export price. Overall, production recorded a slight downturn. The growth pace was the most rapid in 2018 when the production volume increased by 30% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Granite Block Exports

Exports from Uruguay

In 2022, exports of granite blocks and slabs from Uruguay skyrocketed to X tons, rising by 33% on the previous year's figure. In general, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 380%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, granite block exports soared to $X in 2022. Overall, exports, however, continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2020 when exports increased by 344% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X tons), China (X tons) and Poland (X tons) were the main destinations of granite block exports from Uruguay, with a combined 64% share of total exports. Spain, Italy, Portugal, Brazil and the United States lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +12.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for granite block exported from Uruguay were China ($X), Free Zones ($X) and Poland ($X), together accounting for 54% of total exports. Spain, Portugal, Italy, Brazil and the United States lagged somewhat behind, together comprising a further 27%.

Spain, with a CAGR of +19.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average granite block export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Granite Block Imports

Imports into Uruguay

In 2022, imports of granite blocks and slabs into Uruguay fell modestly to X tons, leveling off at 2021 figures. Overall, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2015 when imports increased by 34% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, granite block imports shrank slightly to $X in 2022. In general, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2015 when imports increased by 97% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main granite block supplier to Uruguay, accounting for a 99% share of total imports. It was followed by India (X kg), with a 0.8% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -21.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-43.1% per year) and Brazil (-53.9% per year).

In value terms, China ($X) constituted the largest supplier of granite blocks and slabs to Uruguay, comprising 95% of total imports. The second position in the ranking was held by India ($X), with a 4.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-25.7% per year) and Brazil (-44.6% per year).

Import Prices by Country

The average granite block import price stood at $X per ton in 2022, stabilizing at the previous year. In general, the import price, however, showed a resilient expansion. The growth pace was the most rapid in 2015 an increase of 47% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+73.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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