Brazil: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Brazil

In 2021, the Brazilian gravel and crushed stone market decreased by -5.8% to $X for the first time since 2015, thus ending a five-year rising trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. Gravel and crushed stone consumption peaked at $X in 2020, and then reduced in the following year.

Production of Gravel And Crushed Stone in Brazil

In value terms, gravel and crushed stone production fell modestly to $X in 2021 estimated in export price. Overall, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the production volume increased by 8.4% against the previous year. Gravel and crushed stone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from Brazil

In 2021, shipments abroad of gravel and crushed stone decreased by -25% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 295% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, gravel and crushed stone exports shrank to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 85%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Bolivia (X tons) was the main destination for gravel and crushed stone exports from Brazil, with a 78% share of total exports. Moreover, gravel and crushed stone exports to Bolivia exceeded the volume sent to the second major destination, Guyana (X tons), fourfold. The third position in this ranking was held by Paraguay (X tons), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia totaled +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+46.8% per year) and Paraguay (+43.3% per year).

In value terms, Bolivia ($X) remains the key foreign market for gravel and crushed stone exports from Brazil, comprising 47% of total exports. The second position in the ranking was taken by Guyana ($X), with a 15% share of total exports. It was followed by Paraguay, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia stood at -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guyana (+17.4% per year) and Paraguay (+31.9% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, rising by 17% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 99% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Paraguay ($X per ton), while the average price for exports to Uruguay ($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 Colombia (+7.0%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into Brazil

In 2021, after two years of growth, there was significant decline in overseas purchases of gravel and crushed stone, when their volume decreased by -38.2% to X tons. Overall, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 22%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, gravel and crushed stone imports soared to $X in 2021. Over the period under review, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +60.2% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of gravel and crushed stone to Brazil, with a 82% share of total imports. Moreover, gravel and crushed stone imports from Turkey exceeded the figures recorded by the second-largest supplier, Italy (X tons), tenfold. The third position in this ranking was taken by China (X tons), with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+0.5% per year) and China (+42.6% per year).

In value terms, Turkey ($X), China ($X) and Italy ($X) appeared to be the largest gravel and crushed stone suppliers to Brazil, with a combined 94% share of total imports.

Among the main suppliers, China, with a CAGR of +59.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, increasing by 100% against the previous year. In general, the import price recorded a prominent increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+33.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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