Central Asia: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Central Asia

In 2021, the Central Asian gravel and crushed stone market increased by 9.2% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a mild setback. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Gravel And Crushed Stone in Central Asia

In value terms, gravel and crushed stone production rose significantly to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports in Central Asia

In 2021, the amount of gravel and crushed stone exported in Central Asia totaled X tons, picking up by 11% compared with the year before. Over the period under review, exports recorded a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 379%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, gravel and crushed stone exports surged to $X in 2021. Overall, exports posted moderate growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Uzbekistan (X tons) represented the major exporter of gravel and crushed stone, creating 74% of total exports. It was distantly followed by Kazakhstan (X tons), comprising a 26% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to gravel and crushed stone exports from Uzbekistan stood at -10.5%. Kazakhstan (-4.6%) illustrated a downward trend over the same period. Uzbekistan (+74 p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by -74% from 2012 to 2021, respectively.

In value terms, the largest gravel and crushed stone supplying countries in Central Asia were Uzbekistan ($X) and Kazakhstan ($X).

Among the main exporting countries, Uzbekistan, with a CAGR of +25.9%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Central Asia amounted to $X per ton, picking up by 84% against the previous year. Overall, the export price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by 104% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+40.5%).

Imports of Gravel And Crushed Stone

Imports in Central Asia

In 2021, overseas purchases of gravel and crushed stone decreased by -11.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of 262%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, gravel and crushed stone imports amounted to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.4% against 2016 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 28% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Kyrgyzstan was the main importing country with an import of around X tons, which recorded 86% of total imports. It was distantly followed by Kazakhstan (X tons), achieving an 11% share of total imports.

Kyrgyzstan was also the fastest-growing in terms of the gravel and crushed stone imports, with a CAGR of +2.6% from 2012 to 2021. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Kyrgyzstan increased by +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported gravel and crushed stone in Central Asia, comprising 84% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with an 8.7% share of total imports.

In Kazakhstan, gravel and crushed stone imports increased at an average annual rate of +7.4% over the period from 2012-2021.

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, with an increase of 17% against the previous year. Overall, the import price continues to indicate a moderate increase. The growth pace was the most rapid in 2014 when the import price increased by 89% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

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 Kazakhstan ($X per ton), while Kyrgyzstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.0%).

Source: IndexBox Platform

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