Greece: 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 Greece

For the fourth consecutive year, the Greek market for gravel, pebbles and crushed stone for concrete and road aggregates recorded growth in sales value, which increased by 7.6% to $X in 2021. Over the period under review, consumption, however, saw a noticeable decline. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates expanded significantly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2016 when the production volume increased by 35% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

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

Exports from Greece

In 2021, exports of gravel, pebbles and crushed stone for concrete and road aggregates from Greece amounted to X tons, surging by 5.3% compared with the previous year. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 2,535% 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 failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 621%. Over the period under review, the exports of hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Malta (X tons) and Albania (X tons) were the main destinations of exports of gravel, pebbles and crushed stone for concrete and road aggregates from Greece, with a combined 100% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +205.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Greece, comprising 75% of total exports. The second position in the ranking was taken by Malta ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium totaled +171.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+116.3% per year) and Albania (+19.2% per year).

Export Prices by Country

The average export price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, surging by 21% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when the average export price increased by 62% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Malta ($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 Brazil (+36.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Greece

After two years of decline, purchases abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 7.9% to X tons in 2021. Over the period under review, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 90%. Over the period under review, imports of attained the maximum at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates fell slightly to $X in 2021. In general, imports saw a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 222% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Egypt (X tons) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Greece, accounting for a 58% 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, China (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Egypt totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Turkey (-27.2% per year).

In value terms, New Zealand ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Greece, comprising 41% of total imports. The second position in the ranking was taken by Egypt ($X), with a 19% share of total imports. It was followed by China, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value from New Zealand stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+12.0% per year) and China (+8.3% 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, dropping by -10.9% against the previous year. Over the period under review, the import price, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 90% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+18.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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