United Kingdom: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in the UK

In 2021, after two years of decline, there was significant growth in the UK gravel and crushed stone market, when its value increased by 16% to $X. Over the period under review, consumption, however, faced a abrupt shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in the UK

In value terms, gravel and crushed stone production stood at $X in 2021 estimated in export price. In general, production, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 5.4%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from the UK

In 2021, the amount of gravel and crushed stone exported from the UK fell significantly to X tons, declining by -28.8% against the year before. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 20% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, gravel and crushed stone exports dropped to $X in 2021. Overall, exports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Ireland (X tons) and Germany (X tons) were the main destinations of gravel and crushed stone exports from the UK, with a combined 77% share of total exports. These countries were followed by Belgium, Poland, India, France and Denmark, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +10.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for gravel and crushed stone exported from the UK were the Netherlands ($X), Ireland ($X) and Germany ($X), with a combined 81% share of total exports.

Ireland, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average gravel and crushed stone export price amounted to $X per ton, increasing by 34% against the previous year. Over the last nine years, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Denmark ($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 Denmark (-2.8%).

Imports of Gravel And Crushed Stone

Imports into the UK

In 2021, purchases abroad of gravel and crushed stone was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, continue to indicate a noticeable curtailment. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gravel and crushed stone imports soared to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Norway (X tons) constituted the largest gravel and crushed stone supplier to the UK, accounting for a 54% share of total imports. Moreover, gravel and crushed stone imports from Norway exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. The third position in this ranking was held by Spain (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway totaled -5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.9% per year) and Spain (+22.2% per year).

In value terms, Norway ($X) constituted the largest supplier of gravel and crushed stone to the UK, comprising 47% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Spain, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway stood at +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.7% per year) and Spain (+17.9% per year).

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, flattening at the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +7.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gravel and crushed stone import price decreased by -5.6% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 France ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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