India: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in India

In 2021, the Indian gravel and crushed stone market decreased by -2.5% to $X for the first time since 2015, thus ending a five-year rising trend. Overall, consumption continues to indicate a pronounced reduction. Gravel and crushed stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Gravel And Crushed Stone in India

In value terms, gravel and crushed stone production declined to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 17% against the previous year. Gravel and crushed stone production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports from India

In 2021, overseas shipments of gravel and crushed stone decreased by -0.4% to X tons for the first time since 2013, thus ending a seven-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 143%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, gravel and crushed stone exports contracted to $X in 2021. In general, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then shrank in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for gravel and crushed stone exports from India, with a 97% share of total exports. It was followed by Maldives (X tons), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh amounted to +47.3%.

In value terms, Bangladesh ($X) remains the key foreign market for gravel and crushed stone exports from India, comprising 79% of total exports. The second position in the ranking was taken by Maldives ($X), with a 1.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh stood at +43.2%.

Export Prices by Country

In 2021, the average gravel and crushed stone export price amounted to $X per ton, shrinking by -9.8% against the previous year. Over the period under review, the export price showed a abrupt setback. The growth pace was the most rapid in 2020 an increase of 5.5%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+1.3%).

Imports of Gravel And Crushed Stone

Imports into India

In 2021, after six years of decline, there was significant growth in purchases abroad of gravel and crushed stone, when their volume increased by 172% to X tons. Overall, imports, however, continue to indicate a sharp downturn. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, gravel and crushed stone imports surged to $X in 2021. In general, imports, however, recorded a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest gravel and crushed stone supplier to India, accounting for a 67% share of total imports. Moreover, gravel and crushed stone imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), sevenfold. Egypt (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (-21.3% per year) and Egypt (+61.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gravel and crushed stone to India, comprising 58% of total imports. The second position in the ranking was taken by Egypt ($X), with a 12% share of total imports. It was followed by Oman, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+36.5% per year) and Oman (-11.9% per year).

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, which is down by -38.3% against the previous year. Overall, the import price, however, saw a strong expansion. The pace of growth was the most pronounced in 2020 an increase of 76% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank rapidly in the following year.

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 France ($X per ton), while the price for Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+43.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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