India: 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 India

In 2021, the Indian market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 3.2% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum 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 India

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 16% against the previous year. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports from India

In 2021, after two years of growth, there was decline in shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates, when their volume decreased by -3% to X tons. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2014 with an increase of 150% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2020, and then contracted in the following year.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates dropped to $X in 2021. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 177%. The exports peaked at $X in 2020, and then contracted in the following year.

Exports by Country

Bangladesh (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from India, with a 97% share of total exports. It was followed by Maldives (X tons), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh stood at +46.5%.

In value terms, Bangladesh ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from India, comprising 80% of total exports. The second position in the ranking was held by Maldives ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh stood at +42.5%.

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, dropping by -4.6% against the previous year. Over the period under review, the export price recorded a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 11%. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the 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 Maldives ($X per ton), while the average price for exports to Bangladesh totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (-2.6%).

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

Imports into India

In 2021, supplies from abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 151% to X tons for the first time since 2014, thus ending a six-year declining trend. Overall, imports, however, continue to indicate a significant decline. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 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, however, showed a abrupt descent. Over the period under review, imports of 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, pebbles and crushed stone for concrete and road aggregates supplier to India, with a 71% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Oman (X tons), fourfold. The third position in this ranking was held by Bhutan (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (-8.2% per year) and Bhutan (+90.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to India, comprising 58% of total imports. The second position in the ranking was taken by Egypt ($X), with a 12% share of total imports. It was followed by Oman, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Egypt (+32.4% per year) and Oman (-0.7% 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, reducing by -34.9% against the previous year. Overall, the import price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 106% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced remarkably 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 Egypt ($X per ton), while the price for Bhutan ($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 (+42.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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