Portugal: 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 Portugal

In 2021, after three years of decline, there was significant growth in the Portuguese market for gravel, pebbles and crushed stone for concrete and road aggregates, when its value increased by 6% to $X. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 17%. As a result, production reached the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

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

Exports from Portugal

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 30% to X tons. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 677%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 443% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Portugal, accounting for a 67% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Spain exceeded the volume sent to the second major destination, the UK (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +148.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+50.0% per year) and Germany (+96.9% per year).

In value terms, the largest markets for gravel, pebbles and crushed stone for concrete and road aggregates exported from Portugal were Spain ($X), the UK ($X) and Germany ($X), with a combined 79% share of total exports.

Among the main countries of destination, Spain, with a CAGR of +136.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

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, growing by 4.4% against the previous year. In general, the export price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Spain ($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 France (+8.6%), 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 Portugal

In 2021, purchases abroad of gravel, pebbles and crushed stone for concrete and road aggregates increased by 293% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports recorded a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier to Portugal, with a 77% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Spain exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+27.2% per year) and Germany (+19.1% per year).

In value terms, Spain ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Portugal, comprising 87% of total imports. The second position in the ranking was held by New Zealand ($X), with an 8.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain totaled +21.9%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+28.7% per year) and Germany (+16.6% 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, reducing by -2.7% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +68.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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