EU: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in the EU

In 2021, the EU gravel and crushed stone market decreased by -25.6% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption continues to indicate a deep slump. The growth pace was the most rapid in 2018 when the market value increased by 9.9% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in the EU

In value terms, gravel and crushed stone production shrank significantly to $X in 2021 estimated in export price. Overall, production showed a deep contraction. The pace of growth was the most pronounced in 2020 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports in the EU

In 2021, overseas shipments of gravel and crushed stone decreased by -1.1% to X tons, falling for the second consecutive year after three years of growth. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 7.2% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports rose remarkably to $X in 2021. The total export value increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of gravel and crushed stone, namely Germany, Belgium and France, represented more than half of total export. It was distantly followed by Austria (X tons), constituting a 6% share of total exports. Croatia (X tons), Denmark (X tons), Romania (X tons), Spain (X tons), the Czech Republic (X tons), Slovakia (X tons), the Netherlands (X tons), Slovenia (X tons) and Sweden (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Romania (with a CAGR of +16.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone supplying countries in the European Union were Germany ($X), Belgium ($X) and France ($X), with a combined 45% share of total exports. These countries were followed by Austria, Croatia, the Netherlands, Slovenia, Spain, the Czech Republic, Denmark, Romania, Sweden and Slovakia, which together accounted for a further 40%.

Croatia, with a CAGR of +30.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+15.6%), while the other leaders experienced more modest paces of growth.

Imports of Gravel And Crushed Stone

Imports in the EU

In 2021, approx. X tons of gravel and crushed stone were imported in the European Union; rising by 2.6% on the previous year's figure. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by 11% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, gravel and crushed stone imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 16%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

In 2021, the Netherlands (X tons), France (X tons) and Germany (X tons) was the key importer of gravel and crushed stone in the European Union, mixing up 45% of total import. It was distantly followed by Luxembourg (X tons), Poland (X tons), Belgium (X tons), Denmark (X tons) and the Czech Republic (X tons), together committing a 32% share of total imports. The following importers - Austria (X tons), Lithuania (X tons), Hungary (X tons), Croatia (X tons) and Estonia (X tons) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 49% share of total imports. Belgium, Poland, Austria, Denmark, Luxembourg, Hungary, the Czech Republic, Estonia, Lithuania and Croatia lagged somewhat behind, together comprising a further 36%.

Hungary, with a CAGR of +10.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, increasing by 9.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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