GCC: 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 GCC

In 2021, the GCC market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates expanded markedly to $X in 2021 estimated in export price. In general, production, however, saw a deep reduction. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in GCC

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates exported in GCC expanded slightly to X tons, with an increase of 4.8% compared with the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 when exports increased by 168% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates reached $X in 2021. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 917%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Oman prevails in aggregates structure, resulting at X tons, which was approx. 96% of total exports in 2021. The United Arab Emirates (X tons) held a relatively small share of total exports.

Oman was also the fastest-growing in terms of the gravel, pebbles and crushed stone for concrete and road aggregates exports, with a CAGR of +33.0% from 2012 to 2021. The United Arab Emirates (-2.3%) illustrated a downward trend over the same period. While the share of Oman (+38 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-37.6 p.p.) displayed negative dynamics.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates supplying countries in GCC were the United Arab Emirates ($X) and Oman ($X).

In terms of the main exporting countries, Oman, with a CAGR of +29.4%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 417%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+27.6%).

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

Imports in GCC

In 2021, supplies from abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 10% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 30% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates rose remarkably to $X in 2021. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Kuwait (X tons) and Qatar (X tons) were the largest importers of gravel, pebbles and crushed stone for concrete and road aggregates in 2021, resulting at approx. 45% and 37% of total imports, respectively. It was distantly followed by the United Arab Emirates (X tons), achieving an 18% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +21.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kuwait ($X), Qatar ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 95% of total imports.

Among the main importing countries, Kuwait, with a CAGR of +11.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-0.9%).

Source: IndexBox Platform