Iran: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Iran

The Iranian gravel and crushed stone market was finally on the rise to reach $X in 2021, after six years of decline. Over the period under review, consumption, however, saw a deep downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Gravel And Crushed Stone in Iran

In value terms, gravel and crushed stone production expanded significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Gravel And Crushed Stone

Exports from Iran

After three years of decline, shipments abroad of gravel and crushed stone increased by 47% to X tons in 2021. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 117% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, gravel and crushed stone exports amounted to $X in 2021. In general, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2015 with an increase of 105% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for gravel and crushed stone exports from Iran, with a 70% share of total exports. Moreover, gravel and crushed stone exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+42.3% per year) and Kuwait (-10.8% per year).

In value terms, the largest markets for gravel and crushed stone exported from Iran were the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X), together comprising 95% of total exports.

In terms of the main countries of destination, Qatar, with a CAGR of +43.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average gravel and crushed stone export price amounted to $X per ton, which is down by -31.2% against the previous year. Overall, the export price continues to indicate a abrupt slump. The growth pace was the most rapid in 2014 an increase of 24%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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 Qatar ($X per ton), while the average price for exports to the United Arab Emirates ($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 Qatar (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into Iran

In 2021, overseas purchases of gravel and crushed stone were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a sharp setback. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, gravel and crushed stone imports soared to $X in 2021. In general, imports, however, faced a dramatic downturn. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X tons) was the main gravel and crushed stone supplier to Iran, with a 93% share of total imports. It was followed by Bulgaria (X tons), with a 2% share of total imports. The United Arab Emirates (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey totaled -24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (0.0% per year) and the United Arab Emirates (+31.2% per year).

In value terms, Turkey ($X) constituted the largest supplier of gravel and crushed stone to Iran, comprising 57% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 17% share of total imports. It was followed by Bulgaria, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Turkey stood at -28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+43.5% per year) and Bulgaria (0.0% per year).

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2021, rising by 7.5% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The most prominent rate of growth was recorded in 2019 when the average import price increased by 60% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while the price for Turkey ($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 Arab Emirates (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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