Asia-Pacific: 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-Pacific

In 2021, the Asia-Pacific market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. 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 Asia-Pacific

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, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume increased by 33%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports in Asia-Pacific

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates exported in Asia-Pacific expanded rapidly to X tons, with an increase of 14% against the previous year. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 33% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates expanded remarkably to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.5% 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 increased by +67.2% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 45% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Indonesia represented the major exporting country with an export of around X tons, which finished at 49% of total exports. China (X tons) took a 30% share (based on physical terms) of total exports, which put it in second place, followed by India (16%). The following exporters - Vietnam (X tons) and Nepal (X tons) - each accounted for a 3.5% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +44.6%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier in Asia-Pacific, comprising 40% of total exports. The second position in the ranking was taken by India ($X), with a 17% share of total exports. It was followed by Indonesia, with a 13% share.

In China, exports of gravel, pebbles and crushed stone for concrete and road aggregates expanded at an average annual rate of +17.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+21.2% per year) and Indonesia (+8.5% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, shrinking by -4.8% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the export price increased by 18% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 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 Nepal ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+18.4%), 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-Pacific

In 2021, imports of gravel, pebbles and crushed stone for concrete and road aggregates in Asia-Pacific expanded notably to X tons, surging by 14% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.5% 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 51% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. The total import value increased at an average annual rate of +5.8% 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 50%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of gravel, pebbles and crushed stone for concrete and road aggregates, namely Singapore, Bangladesh and Hong Kong SAR, represented more than two-thirds of total import. The following importers - Thailand (X tons), Taiwan (Chinese) (X tons) and Macao SAR (X tons) - together made up 9.7% of total imports.

From 2012 to 2021, the biggest increases were recorded for Macao SAR (with a CAGR of +78.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Bangladesh ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, together comprising 83% of total imports. These countries were followed by Taiwan (Chinese), Thailand and Macao SAR, which together accounted for a further 7.8%.

Macao SAR, with a CAGR of +76.2%, recorded the highest rates of growth with regard to 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-Pacific stood at $X per ton in 2021, increasing by 6.8% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 9.3% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 Taiwan (Chinese) ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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