Asia: 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 Asia

In 2021, the Asian market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level 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 Asia

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 38%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports in Asia

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were exported in Asia; increasing by 11% against the year before. Overall, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 53%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates reached $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +11.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -4.0% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 167% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Oman (X tons) and Indonesia (X tons) represented the major exporters of gravel, pebbles and crushed stone for concrete and road aggregates in Asia, together accounting for near 65% of total exports. It was distantly followed by China (X tons) and India (X tons), together constituting a 27% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Oman (with a CAGR of +33.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Oman ($X) and China ($X) were the countries with the highest levels of exports in 2021, together comprising 66% of total exports.

In terms of the main exporting countries, Oman, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, waning by -3.7% against the previous year. Overall, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 93% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Indonesia ($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 Arab Emirates (+27.6%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were imported in Asia; surging by 13% on the previous year. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 37% against the previous year. The volume of import peaked 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 35% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of imports of gravel, pebbles and crushed stone for concrete and road aggregates in 2021 were Singapore (X tons), Kuwait (X tons), Qatar (X tons), Bangladesh (X tons) and Hong Kong SAR (X tons), together accounting for 85% of total import. It was distantly followed by the United Arab Emirates (X tons), comprising a 7.9% share of total imports. Thailand (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of +49.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X), Qatar ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2021, with a combined 55% share of total imports. Bangladesh, Hong Kong SAR, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further 31%.

Bangladesh, with a CAGR of +47.9%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 4.1% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 12%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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