South Africa: 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 South Africa

In 2021, the South African market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in South Africa

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates declined slightly to $X in 2021 estimated in export price. In general, the total production indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.3% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 46% against the previous year. Production of peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports from South Africa

Exports of gravel, pebbles and crushed stone for concrete and road aggregates from South Africa soared to X tons in 2021, surging by 274% on 2020. Overall, exports, however, saw a noticeable descent. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. Over the period under review, exports recorded a pronounced increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Botswana (X tons), France (X tons) and Mozambique (X tons) were the main destinations of exports of gravel, pebbles and crushed stone for concrete and road aggregates from South Africa, together accounting for 62% 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 France (with a CAGR of +97.5%), while the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from South Africa, comprising 36% of total exports. The second position in the ranking was taken by Botswana ($X), with an 11% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hong Kong SAR amounted to +67.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (+6.6% per year) and the United States (+8.7% per year).

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, waning by -7.8% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +39.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 129% 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Lesotho ($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 Canada (-1.0%), while the prices for the other major destinations experienced a decline.

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

Imports into South Africa

In 2021, imports of gravel, pebbles and crushed stone for concrete and road aggregates into South Africa soared to X tons, growing by 24% on the previous year. Overall, imports, however, saw a slight decline. The pace of growth was the most pronounced in 2017 with an increase of 74%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates rose significantly to $X in 2021. In general, imports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), the UK (X tons) and Namibia (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to South Africa, together comprising 79% of total imports. These countries were followed by Denmark, Lesotho, Zambia and India, which together accounted for a further 13%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zambia (with a CAGR of +57.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel, pebbles and crushed stone for concrete and road aggregates suppliers to South Africa were the UK ($X), China ($X) and Denmark ($X), with a combined 90% share of total imports. These countries were followed by Lesotho, Namibia, India and Zambia, which together accounted for a further 8.3%.

In terms of the main suppliers, Zambia, with a CAGR of +51.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, falling by -12.4% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 56%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, 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 the UK ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lesotho (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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