Eastern Europe: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Eastern Europe

In 2021, the East European gravel and crushed stone market was finally on the rise to reach $X after three years of decline. Overall, consumption, however, showed a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in Eastern Europe

In value terms, gravel and crushed stone production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 5.8% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Gravel And Crushed Stone

Exports in Eastern Europe

In 2021, shipments abroad of gravel and crushed stone increased by 7% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 16% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 21%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Belarus (X tons) was the main exporter of gravel and crushed stone, achieving 40% of total exports. Ukraine (X tons) ranks second in terms of the total exports with a 17% share, followed by Romania (9.6%), the Czech Republic (7.5%), Slovakia (7.1%), Poland (5.5%) and Russia (5.3%).

Exports from Belarus increased at an average annual rate of +12.5% from 2012 to 2021. At the same time, Russia (+18.6%), Romania (+16.0%), Slovakia (+8.6%) and the Czech Republic (+2.5%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +18.6% from 2012-2021. Poland experienced a relatively flat trend pattern. By contrast, Ukraine (-21.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belarus, Romania, Slovakia, Russia, the Czech Republic and Poland increased by +33, +8.3, +5.3, +4.7, +4.3 and +2.5 percentage points, respectively.

In value terms, Belarus ($X) remains the largest gravel and crushed stone supplier in Eastern Europe, comprising 28% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Belarus stood at +8.0%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+3.5% per year) and Ukraine (-23.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 10% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.6%), while the other leaders experienced more modest paces of growth.

Imports of Gravel And Crushed Stone

Imports in Eastern Europe

In 2021, after two years of decline, there was growth in purchases abroad of gravel and crushed stone, when their volume increased by 2.7% to X tons. Over the period under review, imports, however, showed a deep contraction. The pace of growth was the most pronounced in 2017 when imports increased by 39%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, gravel and crushed stone imports expanded remarkably to $X in 2021. Overall, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 18%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of gravel and crushed stone imports in 2021 were Russia (X tons), Poland (X tons) and the Czech Republic (X tons), together resulting at 62% of total import. Lithuania (X tons) held an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (7%) and Estonia (6.7%). Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +26.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), together accounting for 57% of total imports.

Among the main importing countries, Hungary, with a CAGR of +10.7%, 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

The import price in Eastern Europe stood at $X per ton in 2021, with an increase of 10% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 22%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

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 Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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