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

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

In 2021, the Venezuelan market for granite, sandstone and other building stone increased by 3.9% to $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, continues to indicate a dramatic contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Granite, Sandstone And Other Building Stone in Venezuela

In value terms, production of granite, sandstone and other building stone skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a precipitous decline. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Granite, Sandstone And Other Building Stone

Exports from Venezuela

In 2021, exports of granite, sandstone and other building stone from Venezuela fell notably to X tons, reducing by -18.5% on the year before. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 400% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of granite, sandstone and other building stone declined significantly to $X in 2021. In general, exports showed a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 151% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X tons) was the main destination for exports of granite, sandstone and other building stone from Venezuela, with a 68% share of total exports. Moreover, exports of granite, sandstone and other building stone to Colombia exceeded the volume sent to the second major destination, Spain (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Colombia stood at +4.4%.

In value terms, Colombia ($X) and Spain ($X) constituted the largest markets for granite, sandstone and other building stone exported from Venezuela worldwide.

Spain, with a CAGR of -8.0%, 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.

Export Prices by Country

In 2021, the average export price for granite, sandstone and other building stone amounted to $X per ton, standing approx. at the previous year. In general, the export price faced a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 39%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Colombia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-3.4%).

Imports of Granite, Sandstone And Other Building Stone

Imports into Venezuela

Imports of granite, sandstone and other building stone into Venezuela reduced to X tons in 2021, dropping by -13.1% compared with the year before. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2020 when imports increased by 64%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of granite, sandstone and other building stone declined significantly to $X in 2021. In general, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2020 when imports increased by 46% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the Dominican Republic (X tons) and India (X tons) were the main suppliers of imports of granite, sandstone and other building stone to Venezuela, with a combined 80% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Dominican Republic (with a CAGR of +1.7%), while imports for the other leaders experienced a decline.

In value terms, China ($X), the Dominican Republic ($X) and India ($X) appeared to be the largest granite, sandstone and other building stone suppliers to Venezuela, together accounting for 88% of total imports.

Among the main suppliers, the Dominican Republic, with a CAGR of +4.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for granite, sandstone and other building stone amounted to $X per ton, waning by -2.9% against the previous year. In general, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 8.3% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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