Russian Federation: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in the Russian Federation

The Russian gravel and crushed stone market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a abrupt descent. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in the Russian Federation

In value terms, gravel and crushed stone production surged to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt contraction. Gravel and crushed stone production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from the Russian Federation

In 2021, exports of gravel and crushed stone from Russia rose notably to X tons, growing by 8.5% compared with 2020 figures. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 117% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, gravel and crushed stone exports rose significantly to $X in 2021. Overall, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 60%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of gravel and crushed stone exports from Russia, together comprising 97% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +44.6%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for gravel and crushed stone exports from Russia, comprising 57% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belarus stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+12.9% per year) and Ukraine (+3.4% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, surging by 2% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The growth pace was the most rapid in 2016 an increase of 50%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kazakhstan ($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 Ukraine (-10.6%).

Imports of Gravel And Crushed Stone

Imports into the Russian Federation

For the fourth year in a row, Russia recorded decline in supplies from abroad of gravel and crushed stone, which decreased by -17.9% to X tons in 2021. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 62%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, gravel and crushed stone imports shrank to $X in 2021. Overall, imports faced a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 5.4% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest gravel and crushed stone supplier to Russia, with a 54% share of total imports. Moreover, gravel and crushed stone imports from Ukraine exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was taken by Belarus (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Ukraine amounted to -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+5.1% per year) and Belarus (+33.1% per year).

In value terms, the largest gravel and crushed stone suppliers to Russia were Belarus ($X), Ukraine ($X) and Norway ($X), with a combined 84% share of total imports.

Belarus, with a CAGR of +15.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, picking up by 21% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :