Saudi Arabia: 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 Saudi Arabia

In 2021, the Saudi market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X after two years of decline. In general, consumption, however, showed a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates expanded markedly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. Production of peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from Saudi Arabia

After three years of decline, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates increased by 23% to X tons in 2021. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by 247%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates rose notably to $X in 2021. Overall, exports posted a strong expansion. The growth pace was the most rapid in 2013 when exports increased by 121%. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Saudi Arabia, with a approx. 99% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +18.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Saudi Arabia.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +19.3%.

Export Prices by Country

The average export price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, declining by -9.5% against the previous year. Overall, the export price showed a noticeable descent. The growth pace was the most rapid in 2018 when the average export price increased by 11% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.0% per year.

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

Imports into Saudi Arabia

In 2014, the amount of gravel, pebbles and crushed stone for concrete and road aggregates imported into Saudi Arabia shrank rapidly to X tons, with a decrease of -28.8% against 2013 figures. Over the period under review, imports faced a precipitous shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates declined remarkably to $X in 2014. Overall, imports recorded a dramatic decline. Imports peaked at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

In 2014, Egypt (X tons) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Saudi Arabia, accounting for a 47% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Egypt exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2014, the average annual growth rate of volume from Egypt stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-50.6% per year) and Tanzania (0.0% per year).

In value terms, Egypt ($X), China ($X) and Tanzania ($X) constituted the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to Saudi Arabia, together comprising 79% of total imports.

Egypt, with a CAGR of +2.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2014, the average import price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, rising by 11% against the previous year. In general, import price indicated a significant expansion from 2012 to 2014: its price increased at an average annual rate of +29.2% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2014 figures, import price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +66.8% against 2012 indices. The growth pace was the most rapid in 2013 an increase of 51%. The import price peaked in 2014 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was China ($X per ton), while the price for Egypt totaled $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+164.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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