Japan: 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 Japan

In 2021, the Japanese market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a slight shrinkage. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a slight descent. The growth pace was the most rapid in 2015 with an increase of 70%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports from Japan

In 2021, shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, recorded a sharp curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 5,140% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Over the period under review, exports, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2017 with an increase of 2,904% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Guam (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Japan, accounting for a 95% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Guam exceeded the volume sent to the second major destination, Myanmar (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Guam amounted to -21.4%.

In value terms, Guam ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Japan, comprising 71% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 15% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Guam amounted to -22.2%.

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, surging by 2.2% against the previous year. In general, the export price continues to indicate a modest increase. The growth pace was the most rapid in 2016 when the average export price increased by 176%. As a result, the export price reached the peak level of $X per ton. From 2017 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 Myanmar ($X per ton), while the average price for exports to Guam totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+27.8%), 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 Japan

Imports of gravel, pebbles and crushed stone for concrete and road aggregates into Japan contracted to X tons in 2021, dropping by -6.2% against the previous year. Over the period under review, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 15%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates contracted to $X in 2021. Overall, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2020 with an increase of 6.1%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), the Philippines (X tons) and Vietnam (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to Japan, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +48.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Japan, comprising 50% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 21% share of total imports. It was followed by the Philippines, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+50.0% per year) and the Philippines (-4.2% per year).

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, leveling off at the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 7.3% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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