Uruguay: Marble Building Stone Market 2024

Marble Building Stone Market Size in Uruguay

The Uruguayan marble building stone market skyrocketed to $X in 2021, picking up by 29% 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). Overall, consumption, however, saw a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Marble Building Stone Exports

Exports from Uruguay

In 2021, overseas shipments of marble building stone increased by 3.4% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, marble building stone exports rose rapidly to $X in 2021. Overall, exports, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Brazil (X tons) and Paraguay (X kg) were the main destinations of marble building stone exports from Uruguay, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +18.0%), while the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), the United States ($X) and Paraguay ($X) were the largest markets for marble building stone exported from Uruguay worldwide, together comprising 99.9% of total exports.

Among the main countries of destination, Paraguay, with a CAGR of +6.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average marble building stone export price amounted to $X per ton, growing by 5.4% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, marble building stone export price increased by +121.3% against 2017 indices. The pace of growth appeared the most rapid in 2019 an increase of 78% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Paraguay ($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 China (+171.5%), while the prices for the other major destinations experienced more modest paces of growth.

Marble Building Stone Imports

Imports into Uruguay

In 2021, overseas purchases of marble building stone increased by 18% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a abrupt curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, marble building stone imports skyrocketed to $X in 2021. In general, imports, however, recorded a deep reduction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of marble building stone to Uruguay, with a 36% share of total imports. Moreover, marble building stone imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by Spain (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-12.9% per year) and Spain (-11.0% per year).

In value terms, Turkey ($X) constituted the largest supplier of marble building stone to Uruguay, comprising 38% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value from Turkey totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.6% per year) and China (-6.8% per year).

Import Prices by Country

In 2021, the average marble building stone import price amounted to $X per ton, with an increase of 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 27% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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, amid the top importers, the country with the highest price was China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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