Latin America and the Caribbean: Market for Granules, Chippings And Powder Of Monumental Stone 2024

Market Size for Granules, Chippings And Powder Of Monumental Stone in Latin America and the Caribbean

The Latin American market for granules, chippings and powder of monumental stone was estimated at $X in 2023, almost unchanged from the previous year. In general, consumption saw prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Granules, Chippings And Powder Of Monumental Stone in Latin America and the Caribbean

In value terms, monumental stone granules and powder production totaled $X in 2023 estimated in export price. Over the period under review, production posted a strong increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Granules, Chippings And Powder Of Monumental Stone

Exports in Latin America and the Caribbean

In 2023, approx. X tons of granules, chippings and powder of monumental stone were exported in Latin America and the Caribbean; jumping by X% on the previous year. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, monumental stone granules and powder exports soared to $X in 2023. Overall, exports saw a prominent expansion. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Mexico represented the largest exporter of granules, chippings and powder of monumental stone in Latin America and the Caribbean, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. Jamaica (X tons) held the second position in the ranking, distantly followed by Argentina (X tons). All these countries together took approx. X% share of total exports. Barbados (X tons) took a relatively small share of total exports.

Exports from Mexico increased at an average annual rate of X% from 2012 to 2023. At the same time, Barbados (X%) and Jamaica (X%) displayed positive paces of growth. Moreover, Barbados emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Argentina (X%) illustrated a downward trend over the same period. Mexico (X p.p.) and Barbados (X p.p.) significantly strengthened its position in terms of the total exports, while Jamaica and Argentina saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Mexico ($X) remains the largest monumental stone granules and powder supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Jamaica ($X), with a X% share of total exports. It was followed by Barbados, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Jamaica (X% per year) and Barbados (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Barbados ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Imports of Granules, Chippings And Powder Of Monumental Stone

Imports in Latin America and the Caribbean

In 2023, the amount of granules, chippings and powder of monumental stone imported in Latin America and the Caribbean stood at X tons, growing by X% against the previous year's figure. In general, imports, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2023, the growth of imports failed to regain momentum.

In value terms, monumental stone granules and powder imports rose to $X in 2023. Overall, imports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

Chile was the largest importer of granules, chippings and powder of monumental stone in Latin America and the Caribbean, with the volume of imports reaching X tons, which was near X% of total imports in 2023. Mexico (X tons) ranks second in terms of the total imports with a X% share, followed by Trinidad and Tobago (X%) and Colombia (X%). Guyana (X tons) held a minor share of total imports.

Imports into Chile decreased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Guyana (X%) and Trinidad and Tobago (X%) illustrated a downward trend over the same period. While the share of Mexico (X p.p.), Chile (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Trinidad and Tobago (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest monumental stone granules and powder importing markets in Latin America and the Caribbean were Chile ($X), Colombia ($X) and Mexico ($X), together comprising X% of total imports.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, saw prominent growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Trinidad and Tobago ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform