Benelux: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Benelux

In 2021, after two years of decline, there was significant growth in the Benelux gravel and crushed stone market, when its value increased by 10% to $X. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Gravel And Crushed Stone in Benelux

In value terms, gravel and crushed stone production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports in Benelux

In 2021, overseas shipments of gravel and crushed stone decreased by -6.9% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports showed a noticeable setback. The pace of growth was the most pronounced in 2018 with an increase of 9.3%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports amounted to $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of 16% 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

Belgium was the main exporter of gravel and crushed stone in Benelux, with the volume of exports accounting for X tons, which was approx. 89% of total exports in 2021. It was distantly followed by the Netherlands (X tons), comprising a 10% share of total exports.

Belgium was also the fastest-growing in terms of the gravel and crushed stone exports, with a CAGR of -2.5% from 2012 to 2021. The Netherlands (-10.1%) illustrated a downward trend over the same period. While the share of Belgium (+9.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-9 p.p.) displayed negative dynamics.

In value terms, the largest gravel and crushed stone supplying countries in Benelux were Belgium ($X) and the Netherlands ($X).

Among the main exporting countries, the Netherlands, with a CAGR of +3.8%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, growing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +5.2%. The pace of growth was the most pronounced in 2020 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.6%).

Imports of Gravel And Crushed Stone

Imports in Benelux

In 2021, overseas purchases of gravel and crushed stone decreased by -2% to X tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2019 when imports increased by 15%. 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, gravel and crushed stone imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.2% 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 appeared the most rapid in 2020 with an increase of 16%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) represented the key importer of gravel and crushed stone, mixing up 59% of total imports. Luxembourg (X tons) took the second position in the ranking, followed by Belgium (X tons). All these countries together took near 41% share of total imports.

Imports into the Netherlands decreased at an average annual rate of -2.6% from 2012 to 2021. At the same time, Luxembourg (+12.8%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +12.8% from 2012-2021. By contrast, Belgium (-3.3%) illustrated a downward trend over the same period. Luxembourg (+14 p.p.) significantly strengthened its position in terms of the total imports, while Belgium and the Netherlands saw its share reduced by -4.9% and -9.6% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported gravel and crushed stone in Benelux, comprising 65% of total imports. The second position in the ranking was held by Belgium ($X), with a 26% share of total imports.

In the Netherlands, gravel and crushed stone imports increased at an average annual rate of +2.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+0.5% per year) and Luxembourg (+6.9% per year).

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, rising by 9.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth was the most pronounced in 2020 when the import price increased by 20% against the previous year. The level of import peaked in 2021 and is likely to continue 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 Belgium ($X per ton), while Luxembourg ($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 Netherlands (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform