Northern America: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Northern America

In 2021, the North American gravel and crushed stone market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a deep reduction. 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 Northern America

In value terms, gravel and crushed stone production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production showed a notable expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 168% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports in Northern America

In 2021, the amount of gravel and crushed stone exported in Northern America declined to X tons, with a decrease of -14.6% against the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 38%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, gravel and crushed stone exports reached $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 21%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Canada prevails in exports structure, accounting for X tons, which was near 97% of total exports in 2021. The United States (X tons) followed a long way behind the leaders.

Canada experienced a relatively flat trend pattern with regard to volume of exports of gravel and crushed stone. The United States (-9.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Canada increased by +4.5 percentage points.

In value terms, the largest gravel and crushed stone supplying countries in Northern America were Canada ($X) and the United States ($X).

Among the main exporting countries, the United States, with a CAGR of +5.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 32% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2018 an increase of 32%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+16.8%).

Imports of Gravel And Crushed Stone

Imports in Northern America

In 2021, overseas purchases of gravel and crushed stone increased by 109% to X tons, rising for the fifth year in a row after four years of decline. In general, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gravel and crushed stone imports expanded modestly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 12% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) represented the main importer of gravel and crushed stone, making up 88% of total imports. It was distantly followed by Canada (X tons), constituting a 12% share of total imports.

The United States was also the fastest-growing in terms of the gravel and crushed stone imports, with a CAGR of +5.8% from 2012 to 2021. At the same time, Canada (+2.3%) displayed positive paces of growth. While the share of the United States (+3.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-3.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported gravel and crushed stone in Northern America, comprising 85% of total imports. The second position in the ranking was held by Canada ($X), with a 15% share of total imports.

In the United States, gravel and crushed stone imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, shrinking by -51% against the previous year. Overall, the import price recorded a noticeable descent. The most prominent rate of growth was recorded in 2013 when the import price increased by 46%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.9%).

Source: IndexBox Platform

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