Portugal: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Portugal

In 2021, the Portuguese gravel and crushed stone market increased by 0.1% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in Portugal

In value terms, gravel and crushed stone production declined to $X in 2021 estimated in export price. Overall, production, however, saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 3.2%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports from Portugal

In 2021, shipments abroad of gravel and crushed stone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 149% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, gravel and crushed stone exports rose markedly to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -35.2% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 81% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Spain (X tons) was the main destination for gravel and crushed stone exports from Portugal, accounting for a 65% share of total exports. Moreover, gravel and crushed stone exports to Spain exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by France (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Spain stood at -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+48.5% per year) and France (-2.9% per year).

In value terms, Spain ($X) remains the key foreign market for gravel and crushed stone exports from Portugal, comprising 51% of total exports. The second position in the ranking was taken by the UK ($X), with an 18% share of total exports. It was followed by Germany, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Spain amounted to +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+60.1% per year) and Germany (+98.9% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, with an increase of 1.7% against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 41% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Spain (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gravel And Crushed Stone

Imports into Portugal

In 2021, purchases abroad of gravel and crushed stone increased by 231% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted buoyant growth. 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 soared to $X in 2021. Overall, imports recorded a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) was the main supplier of gravel and crushed stone to Portugal, with a 98% share of total imports. It was followed by Germany (X tons), with a 0.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +15.0%.

In value terms, Spain ($X) constituted the largest supplier of gravel and crushed stone to Portugal, comprising 81% of total imports. The second position in the ranking was taken by Germany ($X), with a 5.5% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain amounted to +15.8%.

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2021, falling by -9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 32% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Spain stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.2%).

Source: IndexBox Platform

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