Ghana: 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 Ghana

In 2021, the Ghanian market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 15% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a mild decrease. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates stood at $X in 2021 estimated in export price. In general, production, however, showed a slight decline. The pace of growth was the most pronounced in 2017 when the production volume increased by 33% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from Ghana

In 2021, approx. X kg of gravel, pebbles and crushed stone for concrete and road aggregates were exported from Ghana; declining by -99.1% compared with the year before. In general, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2015 when exports increased by 4,912%. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 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 declined dramatically to $X in 2021. Overall, exports faced a precipitous descent. The pace of growth appeared the most rapid in 2015 when exports increased by 4,172% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

France (X kg) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Ghana, with a 50% share of total exports. It was followed by Turkey (X kg), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Ghana, comprising 48% of total exports. The second position in the ranking was held by Turkey ($X), with a 3% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to France was relatively modest.

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, rising by 711% against the previous year. In general, the export price saw a prominent expansion. 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 destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (-12.2%), while the prices for the other major destinations experienced a decline.

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

Imports into Ghana

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates imported into Ghana surged to X tons, increasing by 380% against the previous year. In general, imports enjoyed notable growth. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Over the period under review, imports enjoyed a measured increase. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier to Ghana, with a 69% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Egypt exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+32.4% per year) and Spain (+37.7% per year).

In value terms, Egypt ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Ghana, comprising 70% of total imports. The second position in the ranking was taken by India ($X), with a 21% share of total imports. It was followed by Spain, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+50.7% per year) and Spain (-5.1% per year).

Import Prices by Country

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, waning by -45.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 325% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Spain ($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 United States (+81.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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