Cuba: 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 Cuba

In 2021, the Cuban market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 12% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, saw a noticeable curtailment. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Cuba

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 when the production volume increased by 75%. Over the period under review, production of hit record highs at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

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

Exports from Cuba

In 2019, shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -57% to X tons for the first time since 2014, thus ending a four-year declining trend. Over the period under review, exports recorded a precipitous descent. The smallest decline of -28.5% was in 2016. Over the period under review, the exports of attained the maximum at X tons in 2014; however, from 2015 to 2019, the exports failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates contracted sharply to $X in 2019. In general, exports faced a sharp downturn. The smallest decline of -45% was in 2016. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2019, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Cuba, with a approx. 100% share of total exports.

From 2014 to 2019, the average annual growth rate of volume to Spain was relatively modest.

In value terms, Spain ($X) emerged as the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Cuba.

From 2014 to 2019, the average annual rate of growth in terms of value to Spain was relatively modest.

Export Prices by Country

In 2019, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, falling by -28.4% against the previous year. In general, the export price saw a precipitous slump. The pace of growth appeared the most rapid in 2015 a decrease of -4.8%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2014 to 2019, the rate of growth in terms of prices for France amounted to -25.0% per year.

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

Imports into Cuba

In 2021, imports of gravel, pebbles and crushed stone for concrete and road aggregates into Cuba fell markedly to X tons, with a decrease of -66.3% on the previous year. In general, imports, however, showed significant growth. The growth pace was the most rapid in 2014 when imports increased by 644%. Over the period under review, imports of attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates contracted notably to $X in 2021. Overall, imports, however, showed a strong expansion. The growth pace was the most rapid in 2020 when imports increased by 332% against the previous year. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main gravel, pebbles and crushed stone for concrete and road aggregates supplier to Cuba, with a 97% share of total imports. It was followed by Jamaica (X tons), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +43.0%.

In value terms, Canada ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Cuba, comprising 96% of total imports. The second position in the ranking was held by Jamaica ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Canada amounted to +15.3%.

Import Prices by Country

In 2021, the average import price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, leveling off at the previous year. Over the period under review, the import price, however, faced a abrupt curtailment. The most prominent rate of growth was recorded in 2016 an increase of 8.8%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Jamaica ($X per ton), while the price for Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jamaica (-17.9%).

Source: IndexBox Platform

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