Northern America: 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 Northern America

The North American market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X in 2021, after two years of decline. The total consumption indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.7% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 41%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

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

Exports in Northern America

In 2021, shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -9.2% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. As a result, the exports attained the peak of X tons. From 2018 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 rose rapidly to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period 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 2017 when exports increased by 24% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Canada dominates aggregates structure, amounting to X tons, which was near 98% of total exports in 2021. The United States (X tons) took a little share of total exports.

Canada experienced a relatively flat trend pattern with regard to volume of exports of gravel, pebbles and crushed stone for concrete and road aggregates. The United States (-12.0%) illustrated a downward trend over the same period. While the share of Canada (+4.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United States (-4.7 p.p.) displayed negative dynamics.

In value terms, Canada ($X) remains the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier in Northern America, comprising 67% of total exports. The second position in the ranking was held by the United States ($X), with a 33% share of total exports.

In Canada, exports of gravel, pebbles and crushed stone for concrete and road aggregates increased at an average annual rate of +2.8% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, jumping by 20% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 an increase of 29% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to continue 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 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 (+19.7%).

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

Imports in Northern America

In 2021, overseas purchases of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -5.4% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 13%. The volume of import peaked at X tons in 2019; however, from 2020 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 slightly to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2014 when imports increased by 15% 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 key importer of gravel, pebbles and crushed stone for concrete and road aggregates, generating 85% of total imports. It was distantly followed by Canada (X tons), constituting a 15% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of gravel, pebbles and crushed stone for concrete and road aggregates. At the same time, Canada (+5.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.2% from 2012-2021. While the share of Canada (+5.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-5.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported gravel, pebbles and crushed stone for concrete and road aggregates in Northern America, comprising 86% of total imports. The second position in the ranking was taken by Canada ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, rising by 7.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2020 an increase of 14%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, 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 (+0.9%).

Source: IndexBox Platform

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