MERCOSUR: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in MERCOSUR

In 2021, after three years of decline, there was significant growth in the MERCOSUR gravel and crushed stone market, when its value increased by 7.7% to $X. Overall, consumption, however, recorded a mild decline. As a result, consumption reached 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 MERCOSUR

In value terms, gravel and crushed stone production rose remarkably to $X in 2021 estimated in export price. In general, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2014 when the production volume increased by 22% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Gravel And Crushed Stone

Exports in MERCOSUR

In 2021, shipments abroad of gravel and crushed stone increased by 21% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 46%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports skyrocketed to $X in 2021. Overall, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2013 when exports increased by 45% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Brazil (X tons), Paraguay (X tons) and Argentina (X tons) represented roughly 87% of total exports in 2021. It was distantly followed by Peru (X tons), making up a 9.6% share of total exports. Uruguay (X tons) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +16.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone supplying countries in MERCOSUR were Colombia ($X), Peru ($X) and Argentina ($X), together accounting for 84% of total exports.

Among the main exporting countries, Peru, with a CAGR of +18.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, increasing by 2.8% against the previous year. Overall, the export price enjoyed strong growth. The growth pace was the most rapid in 2020 when the export price increased by 69% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Peru ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Gravel And Crushed Stone

Imports in MERCOSUR

In 2021, overseas purchases of gravel and crushed stone were finally on the rise to reach X tons after two years of decline. In general, imports, however, showed a mild descent. The pace of growth appeared the most rapid in 2014 with an increase of 62%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, gravel and crushed stone imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Guyana (X tons) represented the key importer of gravel and crushed stone, mixing up 57% of total imports. It was distantly followed by Chile (X tons), Argentina (X tons) and Brazil (X tons), together constituting a 39% share of total imports. Venezuela (X tons) held a minor share of total imports.

Guyana was also the fastest-growing in terms of the gravel and crushed stone imports, with a CAGR of +27.0% from 2012 to 2021. At the same time, Venezuela (+17.6%) displayed positive paces of growth. By contrast, Chile (-2.7%), Brazil (-5.3%) and Argentina (-15.3%) illustrated a downward trend over the same period. Guyana (+51 p.p.) and Venezuela (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Chile, Brazil and Argentina saw its share reduced by -2.5%, -5% and -41% from 2012 to 2021, respectively.

In value terms, the largest gravel and crushed stone importing markets in MERCOSUR were Guyana ($X), Chile ($X) and Brazil ($X), with a combined 76% share of total imports.

Among the main importing countries, Guyana, with a CAGR of +25.7%, 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

In 2021, the import price in MERCOSUR amounted to $X per ton, which is down by -4.1% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, gravel and crushed stone import price increased by +16.9% against 2019 indices. The pace of growth was the most pronounced in 2013 an increase of 35%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Venezuela ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+11.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform