Colombia: 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 Colombia

The Colombian market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum 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 Colombia

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates stood at $X in 2021 estimated in export price. In general, production, however, 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 attained the maximum level 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 from Colombia

In 2021, exports of gravel, pebbles and crushed stone for concrete and road aggregates from Colombia dropped markedly to X tons, reducing by -70.2% against 2020 figures. In general, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 445% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates reduced dramatically to $X in 2021. Over the period under review, exports faced a dramatic decrease. The pace of growth was the most pronounced in 2015 when exports increased by 194% against the previous year. Over the period under review, the exports of hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Free Zones (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Colombia, accounting for a 78% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Free Zones exceeded the volume sent to the second major destination, Panama (X tons), ninefold. The third position in this ranking was taken by Ecuador (X tons), with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to Free Zones amounted to -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-32.7% per year) and Ecuador (-9.7% per year).

In value terms, Free Zones ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Colombia, comprising 78% of total exports. The second position in the ranking was taken by Panama ($X), with a 9.8% share of total exports. It was followed by the Dominican Republic, with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Free Zones amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (-31.4% per year) and the Dominican Republic (+19.2% per year).

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, surging by 3.6% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2015 an increase of 799%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Aruba ($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 the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Colombia

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates imported into Colombia surged to X tons, rising by 79% on 2020. Over the period under review, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 259%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of 199%. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Costa Rica (X tons) was the main supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Colombia, accounting for a 92% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Costa Rica exceeded the figures recorded by the second-largest supplier, Dominica (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total imports with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Costa Rica amounted to -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Dominica (-25.3% per year) and Brazil (-41.2% per year).

In value terms, Costa Rica ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Colombia, comprising 78% of total imports. The second position in the ranking was taken by Dominica ($X), with a 6% share of total imports. It was followed by Brazil, with a 2.5% share.

From 2012 to 2021, the average annual growth rate of value from Costa Rica stood at -14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Dominica (-21.2% per year) and Brazil (-16.0% per year).

Import Prices by Country

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, with a decrease of -33.3% against the previous year. Over the period under review, the import price, however, continues to indicate a modest increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2020, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Peru ($X per ton), while the price for Costa Rica ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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