Malaysia: 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 Malaysia

In 2021, the Malaysian 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. Overall, consumption, however, showed a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

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

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. In general, production, however, saw a noticeable contraction. The growth pace was the most rapid in 2018 when the production volume increased by 13%. Production of peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

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

Exports from Malaysia

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were exported from Malaysia; increasing by 50% compared with the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when exports increased by 141% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. Overall, exports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2019 when exports increased by 109%. Over the period under review, the exports of attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Malaysia, accounting for a 84% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Singapore exceeded the volume sent to the second major destination, Brunei Darussalam (X tons), more than tenfold. The third position in this ranking was held by Bangladesh (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+4.9% per year) and Bangladesh (+53.5% per year).

In value terms, Singapore ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Malaysia, comprising 84% of total exports. The second position in the ranking was held by Brunei Darussalam ($X), with a 6.9% share of total exports. It was followed by Bangladesh, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brunei Darussalam (+0.8% per year) and Bangladesh (+47.5% per year).

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, with a decrease of -3.9% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 an increase of 80%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Brunei Darussalam ($X per ton) and Indonesia ($X per ton), while the average price for exports to Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam (-3.9%), while the prices for the other major destinations experienced a decline.

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

Imports into Malaysia

In 2021, purchases abroad of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -3.5% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.6% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 62%. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates expanded notably to $X in 2021. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2014 with an increase of 126%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), China (X tons) and the Philippines (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to Malaysia, together comprising 88% of total imports. India, Canada, Hong Kong SAR, Taiwan (Chinese) and Indonesia lagged somewhat behind, together accounting for a further 8.1%.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +51.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to Malaysia were China ($X), Vietnam ($X) and the Philippines ($X), together accounting for 80% of total imports. These countries were followed by India, Taiwan (Chinese), Hong Kong SAR, Indonesia and Canada, which together accounted for a further 8.5%.

Among the main suppliers, India, with a CAGR of +40.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

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, increasing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2014 an increase of 39%. The import price peaked in 2021 and is expected to retain growth in the near future.

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 India ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :