Hong Kong SAR, China: 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 Hong Kong SAR, China

The Hong Kong market for gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021, rising by 22% against the previous year. Overall, consumption saw a noticeable descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Hong Kong SAR, China

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021 estimated in export price. Overall, production, however, faced a abrupt decrease. The growth pace was the most rapid in 2018 when the production volume increased by 107% against the previous year. Over the period under review, production of reached the peak level 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 Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates, when their volume increased by 13% to X tons. In general, exports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 474%. Over the period under review, the exports of hit record highs at X tons in 2013; however, from 2014 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 contracted remarkably to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 205% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Hong Kong SAR, accounting for a 78% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Macao SAR exceeded the volume sent to the second major destination, Malaysia (X tons), eightfold. China (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR totaled +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-19.0% per year) and China (+3.3% per year).

In value terms, Macao SAR ($X) emerged as the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Hong Kong SAR, comprising 65% of total exports. The second position in the ranking was held by China ($X), with a 21% share of total exports. It was followed by Malaysia, with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Macao SAR totaled +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+9.0% per year) and Malaysia (-17.7% 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, reducing by -43.4% against the previous year. In general, the export price, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2015 when the average export price increased by 280%. The export price peaked at $X per ton in 2020, and then fell sharply in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the Netherlands ($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 China (+5.5%), 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 Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas purchases of gravel, pebbles and crushed stone for concrete and road aggregates, which decreased by -6.3% to X tons in 2021. In general, imports, however, enjoyed tangible growth. The growth pace was the most rapid in 2013 with an increase of 83% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 94%. Over the period under review, imports of hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Hong Kong SAR, with a approx. 99.9% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.2%.

In value terms, China ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value from China totaled +11.2%.

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, picking up by 26% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +113.4% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.8% per year.

Source: IndexBox Platform

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