South Africa: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in South Africa

The South African gravel and crushed stone market was finally on the rise to reach $X in 2021, after five years of decline. Overall, consumption, however, showed a deep slump. Gravel and crushed stone consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Gravel And Crushed Stone in South Africa

In value terms, gravel and crushed stone production stood at $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 7.9%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Gravel And Crushed Stone

Exports from South Africa

In 2021, after two years of decline, there was significant growth in shipments abroad of gravel and crushed stone, when their volume increased by 122% to X tons. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure 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 surged to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Botswana (X tons) was the main destination for gravel and crushed stone exports from South Africa, with a 61% share of total exports. Moreover, gravel and crushed stone exports to Botswana exceeded the volume sent to the second major destination, Mozambique (X tons), sixfold. Lesotho (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Botswana stood at +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+22.2% per year) and Lesotho (-21.6% per year).

In value terms, the largest markets for gravel and crushed stone exported from South Africa were Hong Kong SAR ($X), Botswana ($X) and Mozambique ($X), with a combined 49% share of total exports.

Hong Kong SAR, with a CAGR of +68.1%, recorded the highest rates of growth with regard to 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, declining by -4.9% against the previous year. Overall, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat 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 Hong Kong SAR ($X per ton), while the average price for exports to Botswana ($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 Namibia (+1.4%), while the prices for the other major destinations experienced a decline.

Imports of Gravel And Crushed Stone

Imports into South Africa

Gravel and crushed stone imports into South Africa contracted markedly to X tons in 2021, with a decrease of -36.6% on 2020 figures. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 35%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, gravel and crushed stone imports reduced markedly to $X in 2021. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Namibia (X tons) constituted the largest supplier of gravel and crushed stone to South Africa, accounting for a 70% share of total imports. Moreover, gravel and crushed stone imports from Namibia exceeded the figures recorded by the second-largest supplier, the UK (X tons), sevenfold. China (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Namibia amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+20.9% per year) and China (+5.7% per year).

In value terms, Namibia ($X), the UK ($X) and China ($X) were the largest gravel and crushed stone suppliers to South Africa, together comprising 76% of total imports.

The UK, with a CAGR of +28.1%, 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 mixed trend patterns.

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, jumping by 24% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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