Colombia: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Colombia

In 2023, after three years of growth, there was decline in the Colombian market for granules, chippings and powder of monumental stone, when its value decreased by X% to $X. Overall, consumption, however, showed significant growth. Over the period under review, the market attained the peak level at $X in 2022, and then fell modestly in the following year.

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports from Colombia

In 2023, after two years of growth, there was significant decline in shipments abroad of granules, chippings and powder of monumental stone, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, monumental stone granules and powder exports dropped notably to $X in 2023. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at $X in 2022, and then dropped remarkably in the following year.

Exports by Country

Guyana (X tons) was the main destination for monumental stone granules and powder exports from Colombia, with a X% share of total exports. Moreover, monumental stone granules and powder exports to Guyana exceeded the volume sent to the second major destination, the United States (X tons), sixfold. Germany (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Guyana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

In value terms, Guyana ($X) emerged as the key foreign market for granules, chippings and powder of monumental stone exports from Colombia, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Guyana was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average export price for granules, chippings and powder of monumental stone stood at $X per ton in 2023, approximately reflecting the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Aruba (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Granules, Chippings And Powder Of Monumental Stone

Imports into Colombia

In 2023, supplies from abroad of granules, chippings and powder of monumental stone decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2022, and then contracted in the following year.

In value terms, monumental stone granules and powder imports rose modestly to $X in 2023. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, the United States (X tons) constituted the largest supplier of monumental stone granules and powder to Colombia, accounting for a X% share of total imports. Moreover, monumental stone granules and powder imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), threefold.

From 2012 to 2023, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

In value terms, the United States ($X) constituted the largest supplier of granules, chippings and powder of monumental stone to Colombia, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

Import Prices by Country

The average import price for granules, chippings and powder of monumental stone stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price saw mild growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform