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

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

The Uruguayan market for granite, sandstone and other building stone amounted to less than $X in 2021, approximately mirroring the previous year. Over the period under review, consumption showed a relatively flat trend pattern.

Production of Granite, Sandstone And Other Building Stone in Uruguay

In value terms, production of granite, sandstone and other building stone declined rapidly to $X in 2021 estimated in export price. In general, production recorded a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 365%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Uruguay

In 2021, exports of granite, sandstone and other building stone from Uruguay reduced rapidly to X tons, which is down by -39.7% against 2020. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 385% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of granite, sandstone and other building stone reduced sharply to $X in 2021. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 254% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X tons), China (X tons) and Poland (X tons) were the main destinations of exports of granite, sandstone and other building stone from Uruguay, with a combined 82% share of total exports. Spain, Italy, the United States and France lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +452.4%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Free Zones ($X) were the largest markets for granite, sandstone and other building stone exported from Uruguay worldwide, with a combined 55% share of total exports. Italy, Spain, the United States and France lagged somewhat behind, together accounting for a further 45%.

France, with a CAGR of +148.2%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for granite, sandstone and other building stone stood at $X per ton in 2021, picking up by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 an increase of 28% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Granite, Sandstone And Other Building Stone

Imports into Uruguay

Imports of granite, sandstone and other building stone into Uruguay surged to X tons in 2021, increasing by 701% on the previous year's figure. Over the period under review, imports, however, faced a deep setback. Over the period under review, imports of reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of granite, sandstone and other building stone surged to $X in 2021. In general, imports, however, showed a sharp decline. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Jordan (X tons) constituted the largest granite, sandstone and other building stone supplier to Uruguay, with a 89% share of total imports. Moreover, imports of granite, sandstone and other building stone from Jordan exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by India (X kg), with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Jordan amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-20.8% per year) and India (-46.5% per year).

In value terms, Jordan ($X) constituted the largest supplier of granite, sandstone and other building stone to Uruguay, comprising 80% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Argentina, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from Jordan totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.3% per year) and Argentina (-43.5% per year).

Import Prices by Country

The average import price for granite, sandstone and other building stone stood at $X per ton in 2021, reducing by -46.9% against the previous year. Over the period under review, the import price saw a mild downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 100%. As a result, import price reached the peak level of $X per ton, and then dropped dramatically in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+48.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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