ASEAN: Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates 2024

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in ASEAN

The ASEAN market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, recorded a pronounced descent. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in ASEAN

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates expanded rapidly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2018 with an increase of 14%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

Exports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Exports in ASEAN

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were exported in ASEAN; rising by 57% compared with the previous year's figure. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 109% against the previous year. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Indonesia prevails in aggregates structure, amounting to X tons, which was near 93% of total exports in 2021. Vietnam (X tons) took a relatively small share of total exports.

Exports from Indonesia increased at an average annual rate of +23.9% from 2012 to 2021. At the same time, Vietnam (+44.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +44.6% from 2012-2021. Indonesia (+5 p.p.) and Vietnam (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) emerged as the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier in ASEAN, comprising 37% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total exports.

In Indonesia, exports of gravel, pebbles and crushed stone for concrete and road aggregates increased at an average annual rate of +8.5% over the period from 2012-2021.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, declining by -25.2% against the previous year. In general, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 31%. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-12.4%).

Imports of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Imports in ASEAN

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were imported in ASEAN; growing by 27% on 2020 figures. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by 53%. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 65%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Singapore represented the main importing country with an import of around X tons, which reached 87% of total imports. It was distantly followed by Thailand (X tons), making up a 10% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of +2.5% from 2012 to 2021. At the same time, Thailand (+31.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +31.0% from 2012-2021. By contrast, Brunei Darussalam (-1.8%) illustrated a downward trend over the same period. While the share of Thailand (+8.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported gravel, pebbles and crushed stone for concrete and road aggregates in ASEAN, comprising 87% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Singapore was relatively modest. In the other countries, the average annual rates were as follows: Thailand (+24.8% per year) and Brunei Darussalam (-9.5% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, standing approx. at the previous year. In general, the import price, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2013 an increase of 7.7%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform