Europe: 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 Europe

In 2021, the Europe market for gravel, pebbles and crushed stone for concrete and road aggregates decreased by -1.1% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, showed a perceptible slump. The pace of growth was the most pronounced in 2017 with an increase of 7.3%. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates dropped sharply to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports in Europe

In 2021, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -0.9% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 6.7%. Over the period under review, the exports of attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X in 2021. In general, exports saw a slight curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 11%. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Norway represented the major exporter of gravel, pebbles and crushed stone for concrete and road aggregates in Europe, with the volume of exports reaching X tons, which was near 33% of total exports in 2021. It was distantly followed by Belgium (X tons), Germany (X tons), France (X tons) and Belarus (X tons), together comprising a 41% share of total exports. Ukraine (X tons), the UK (X tons), Romania (X tons), Bosnia and Herzegovina (X tons), Spain (X tons), Denmark (X tons), Finland (X tons) and Croatia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gravel, pebbles and crushed stone for concrete and road aggregates exports from Norway stood at +3.9%. At the same time, Romania (+18.1%), Belarus (+13.1%), Croatia (+9.4%), Spain (+8.5%), Finland (+3.8%), France (+3.4%), Denmark (+2.9%) and Bosnia and Herzegovina (+1.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Europe, with a CAGR of +18.1% from 2012-2021. Belgium experienced a relatively flat trend pattern. By contrast, Germany (-4.2%), the UK (-11.4%) and Ukraine (-21.5%) illustrated a downward trend over the same period. While the share of Norway (+13 p.p.), Belarus (+5.3 p.p.), France (+3.5 p.p.), Romania (+1.8 p.p.) and Belgium (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Germany (-3 p.p.), the UK (-4.9 p.p.) and Ukraine (-22.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates supplying countries in Europe were Norway ($X), France ($X) and Germany ($X), together accounting for 43% of total exports. These countries were followed by Belgium, the UK, Belarus, Denmark, Ukraine, Spain, Finland, Croatia, Romania and Bosnia and Herzegovina, which together accounted for a further 37%.

Romania, with a CAGR of +18.3%, saw the highest growth rate of the value of exports, among 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

The export price in Europe stood at $X per ton in 2021, surging by 3.6% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 5.8% against the previous year. The level of export peaked in 2021 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 UK ($X per ton), while Bosnia and Herzegovina ($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 UK (+9.3%), while the other leaders experienced more modest paces of growth.

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

Imports in Europe

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were imported in Europe; growing by 3.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 11%. Over the period under review, imports of attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates rose notably to $X in 2021. In general, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2013; afterwards, it flattened through to 2021.

Imports by Country

The Netherlands (X tons) and France (X tons) represented the key importers of gravel, pebbles and crushed stone for concrete and road aggregates in 2021, recording approx. 19% and 15% of total imports, respectively. Denmark (X tons) ranks next in terms of the total imports with a 7.3% share, followed by Poland (6.6%), Belgium (6.5%), the Czech Republic (5.7%) and Luxembourg (5.5%). Germany (X tons), Russia (X tons), Lithuania (X tons), the UK (X tons), Estonia (X tons) and Austria (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 +33.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constitutes the largest market for imported gravel, pebbles and crushed stone for concrete and road aggregates in Europe, comprising 22% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by Belgium, with an 8.5% share.

In the Netherlands, imports of gravel, pebbles and crushed stone for concrete and road aggregates increased at an average annual rate of +1.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: France (+4.8% per year) and Belgium (+3.2% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, picking up by 8.5% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2020 when the import price increased by 10%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform