MENA: 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 MENA

After two years of decline, the MENA's market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 12% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption 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 MENA

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose sharply to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 27%. The level of production peaked 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 in MENA

After two years of decline, shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 5.2% to X tons in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 163% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates stood at $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 421% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Oman dominates aggregates structure, resulting at X tons, which was near 92% of total exports in 2021. The following exporters - the United Arab Emirates (X tons) and Iraq (X tons) - together made up 6.8% of total exports.

Oman was also the fastest-growing in terms of the gravel, pebbles and crushed stone for concrete and road aggregates exports, with a CAGR of +33.0% from 2012 to 2021. The United Arab Emirates (-2.3%) and Iraq (-3.4%) illustrated a downward trend over the same period. While the share of Oman (+51 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Iraq (-18.2 p.p.) and the United Arab Emirates (-25.1 p.p.) displayed negative dynamics.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates supplying countries in MENA were the United Arab Emirates ($X), Oman ($X) and Iraq ($X), with a combined 90% share of total exports.

Among the main exporting countries, Oman, with a CAGR of +29.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, approximately equating the previous year. Overall, the export price, however, continues to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2013 when the export price increased by 211%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Oman ($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 (+27.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in MENA

In 2021, overseas purchases of gravel, pebbles and crushed stone for concrete and road aggregates were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 30%. As a result, imports attained the peak of X tons. From 2019 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 rose rapidly to $X in 2021. Total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.0% 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 -45.7% against 2015 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 32%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Kuwait (X tons) and Qatar (X tons) represented roughly 81% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), achieving an 18% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +21.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Kuwait ($X), Qatar ($X) and the United Arab Emirates ($X) were the countries with the highest levels of imports in 2021, together accounting for 89% of total imports.

Kuwait, with a CAGR of +11.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, picking up by 1.7% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The growth pace was the most rapid in 2014 when the import price increased by 18%. Over the period under review, import prices attained 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 importing countries. In 2021, amid the top importers, the country with the highest price was Qatar ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-0.9%).

Source: IndexBox Platform