Peru: 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 Peru

In 2021, after two years of decline, there was growth in the Peruvian market for gravel, pebbles and crushed stone for concrete and road aggregates, when its value increased by 3.5% to $X. Overall, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -27.5% against 2016 indices. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates reached $X in 2021 estimated in export price. Over the period under review, the total production indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +4.2% 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 -29.7% against 2016 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 82%. Production of peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

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

Exports from Peru

In 2021, after two years of decline, there was significant growth in overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates, when their volume increased by 28% to X tons. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of 145%. As a result, the exports reached 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 surged to $X in 2021. In general, exports showed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of 37%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Peru, with a 88% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to the United States exceeded the volume sent to the second major destination, Free Zones (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +17.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+22.6% per year) and Colombia (-17.0% per year).

In value terms, the United States ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Peru, comprising 94% of total exports. The second position in the ranking was held by Free Zones ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+27.7% per year) and Colombia (-16.9% per year).

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, with a decrease of -3.9% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +66.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 35%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Peru

In 2021, overseas purchases of gravel, pebbles and crushed stone for concrete and road aggregates increased by 14% to X tons, rising for the third year in a row after two years of decline. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 1,308%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates fell dramatically to $X in 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 1,234%. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Peru, accounting for a 78% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Norway exceeded the figures recorded by the second-largest supplier, Canada (X tons), tenfold. The third position in this ranking was held by Colombia (X tons), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+76.6% per year) and Colombia (+17.3% per year).

In value terms, Norway ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Peru, comprising 66% of total imports. The second position in the ranking was held by China ($X), with an 8.6% share of total imports. It was followed by Colombia, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Norway was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+53.2% per year) and Colombia (+19.2% per year).

Import Prices by Country

In 2021, the average import price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, dropping by -48.4% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 86% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Canada ($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 (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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