Middle East: 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 the Middle East

In 2021, the Middle Eastern market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 8.7% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in the Middle East

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 20% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

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

Exports in the Middle East

In 2021, overseas shipments 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. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of 164% 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 somewhat lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates expanded sharply to $X in 2021. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 424%. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Oman dominates aggregates structure, recording 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. From 2012 to 2021, the share of Oman increased by +51 percentage points.

In value terms, the United Arab Emirates ($X), Oman ($X) and Iraq ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.

In terms of the main exporting countries, Oman, with a CAGR of +29.4%, recorded the highest growth rate of 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

The export price in the Middle East stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2013 when the export price increased by 212%. Over the period under review, the export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 the Middle East

In 2021, supplies from abroad of gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach X tons after two years of decline. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 30% against the previous year. As a result, imports reached 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 expanded markedly to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -45.9% against 2015 indices. The pace of growth was the most pronounced in 2015 with an increase of 33% against the previous year. As a result, imports attained 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) were the key importers of gravel, pebbles and crushed stone for concrete and road aggregates in 2021, reaching near 45% and 36% of total imports, respectively. It was distantly followed by the United Arab Emirates (X tons), comprising an 18% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of +21.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates importing markets in the Middle East were Kuwait ($X), Qatar ($X) and the United Arab Emirates ($X), together accounting for 89% of total imports.

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

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the import price, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2014 an increase of 18%. Over the period under review, import prices hit record highs 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

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