Finland: 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 Finland

For the third year in a row, the Finnish market for gravel, pebbles and crushed stone for concrete and road aggregates recorded decline in sales value, which decreased by -39.9% to $X in 2021. Over the period under review, consumption recorded a sharp decrease. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates shrank remarkably to $X in 2021 estimated in export price. In general, production faced a sharp shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 43% 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 from Finland

After four years of growth, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -51.1% to X tons in 2021. Over the period under review, exports, however, enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 107%. The exports peaked at X tons in 2020, and then shrank notably in the following year.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates fell notably to $X in 2021. In general, exports, however, continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 148% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Finland, with a 84% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Estonia exceeded the volume sent to the second major destination, Germany (X tons), tenfold. Lithuania (X tons) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+156.4% per year) and Lithuania (+11.1% per year).

In value terms, Estonia ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Finland, comprising 67% of total exports. The second position in the ranking was held by Germany ($X), with a 20% share of total exports. It was followed by Sweden, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to Estonia amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+251.9% per year) and Sweden (-1.4% 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, growing by 11% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 62%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Estonia ($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 Germany (+37.8%), 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 Finland

Imports of gravel, pebbles and crushed stone for concrete and road aggregates into Finland declined notably to X tons in 2021, with a decrease of -42.1% on the previous year's figure. In general, imports, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of 201% against the previous year. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates reduced dramatically to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 147%. As a result, imports attained the peak of $X, and then fell remarkably in the following year.

Imports by Country

In 2021, Estonia (X tons) constituted the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier to Finland, accounting for a 90% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Estonia exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Estonia amounted to +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+7.6% per year) and Sweden (+35.5% per year).

In value terms, Estonia ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Finland, comprising 58% of total imports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Estonia totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+34.4% per year) and Norway (-1.1% per year).

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, which is down by -46.3% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 37% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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