Romania: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Romania

The Romanian gravel and crushed stone market rose sharply to $X in 2021, surging by 6.1% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Production of Gravel And Crushed Stone in Romania

In value terms, gravel and crushed stone production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. Over the period under review, production attained the peak level in 2021 and is expected to retain growth in the immediate term.

Exports of Gravel And Crushed Stone

Exports from Romania

After two years of decline, overseas shipments of gravel and crushed stone increased by 16% to X tons in 2021. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of 214%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, gravel and crushed stone exports soared to $X in 2021. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 220% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Moldova (X tons), Hungary (X tons) and Ukraine (X tons) were the main destinations of gravel and crushed stone exports from Romania, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +94.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Moldova ($X) and Ukraine ($X) constituted the largest markets for gravel and crushed stone exported from Romania worldwide, with a combined 96% share of total exports.

Ukraine, with a CAGR of +71.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, approximately mirroring the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Moldova ($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 Moldova (+3.2%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into Romania

In 2021, purchases abroad of gravel and crushed stone increased by 12% to X tons, rising for the third consecutive year after two years of decline. In general, total imports indicated strong growth from 2012 to 2021: its volume 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, imports increased by +48.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 59%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, gravel and crushed stone imports soared to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.9% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 41%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest supplier of gravel and crushed stone to Romania, with a 72% share of total imports. Moreover, gravel and crushed stone imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fourfold. Greece (X tons) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Bulgaria totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+15.6% per year) and Greece (+22.6% per year).

In value terms, Bulgaria ($X) constituted the largest supplier of gravel and crushed stone to Romania, comprising 52% of total imports. The second position in the ranking was held by Greece ($X), with a 14% share of total imports. It was followed by Serbia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bulgaria stood at +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Greece (+29.4% per year) and Serbia (+14.4% per year).

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2021, increasing by 16% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 97% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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