Saudi Arabia: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Saudi Arabia

The Saudi gravel and crushed stone market amounted to $X in 2021, growing by 5.1% against the previous year. Over the period under review, consumption, however, recorded a perceptible reduction. Gravel and crushed stone consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Gravel And Crushed Stone in Saudi Arabia

In value terms, gravel and crushed stone production totaled $X in 2021 estimated in export price. In general, production, however, showed a perceptible decline. The pace of growth was the most pronounced in 2018 with an increase of 37% against the previous year. Gravel and crushed stone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from Saudi Arabia

After three years of decline, overseas shipments of gravel and crushed stone increased by 17% to X tons in 2021. Over the period under review, exports, however, faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 64% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, gravel and crushed stone exports soared to $X in 2021. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2015 with an increase of 58% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for gravel and crushed stone exports from Saudi Arabia, accounting for a 96% share of total exports. It was followed by Oman (X tons), with a 3.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -15.0%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for gravel and crushed stone exports from Saudi Arabia, comprising 93% of total exports. The second position in the ranking was taken by Oman ($X), with a 5.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -15.9%.

Export Prices by Country

In 2021, the average gravel and crushed stone export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 23%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to the United Arab Emirates totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into Saudi Arabia

In 2021, overseas purchases of gravel and crushed stone decreased by -25.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by 343% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, gravel and crushed stone imports dropped markedly to $X in 2021. Overall, imports recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when imports increased by 413%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest gravel and crushed stone supplier to Saudi Arabia, with a 58% share of total imports. Moreover, gravel and crushed stone imports from Spain exceeded the figures recorded by the second-largest supplier, South Africa (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+58.8% per year) and Turkey (-4.9% per year).

In value terms, Spain ($X) constituted the largest supplier of gravel and crushed stone to Saudi Arabia, comprising 42% of total imports. The second position in the ranking was held by South Africa ($X), with a 20% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+55.0% per year) and China (-3.2% per year).

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, waning by -3.8% against the previous year. In general, the import price, however, enjoyed a noticeable increase. The growth pace was the most rapid in 2018 an increase of 118% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 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 ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+352.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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