South-Eastern Asia: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in South-Eastern Asia

In 2021, after two years of decline, there was significant growth in the Southeast Asian gravel and crushed stone market, when its value increased by 8.4% to $X. In general, consumption, however, saw a abrupt contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Gravel And Crushed Stone in South-Eastern Asia

In value terms, gravel and crushed stone production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports in South-Eastern Asia

Gravel and crushed stone exports skyrocketed to X tons in 2021, increasing by 16% compared with the previous year. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 84% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, gravel and crushed stone exports reduced rapidly to $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.7% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 52%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Indonesia (X tons) was the key exporter of gravel and crushed stone, creating 71% of total exports. Vietnam (X tons) held the second position in the ranking, followed by Thailand (X tons) and Lao People's Democratic Republic (X tons). All these countries together held near 26% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to gravel and crushed stone exports from Indonesia stood at +6.8%. At the same time, Lao People's Democratic Republic (+55.7%), Thailand (+45.8%) and Vietnam (+29.6%) displayed positive paces of growth. Moreover, Lao People's Democratic Republic emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +55.7% from 2012-2021. By contrast, Malaysia (-1.7%) illustrated a downward trend over the same period. While the share of Vietnam (+8.3 p.p.), Thailand (+7.2 p.p.) and Lao People's Democratic Republic (+7.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-5.2 p.p.) and Indonesia (-16.4 p.p.) displayed negative dynamics.

In value terms, Vietnam ($X), Malaysia ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2021, with a combined 94% share of total exports. These countries were followed by Thailand and Lao People's Democratic Republic, which together accounted for a further 5.6%.

Thailand, with a CAGR of +38.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, reducing by -37.5% against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 an increase of 36%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-3.6%), while the other leaders experienced a decline in the export price figures.

Imports of Gravel And Crushed Stone

Imports in South-Eastern Asia

In 2021, gravel and crushed stone imports in South-Eastern Asia skyrocketed to X tons, with an increase of 21% compared with the year before. Total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 56% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, gravel and crushed stone imports surged to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 59%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Singapore represented the major importer of gravel and crushed stone in South-Eastern Asia, with the volume of imports recording X tons, which was near 75% of total imports in 2021. It was distantly followed by Thailand (X tons), making up a 17% share of total imports. The following importers - Indonesia (X tons), Brunei Darussalam (X tons) and Myanmar (X tons) - together made up 7.1% of total imports.

Singapore experienced a relatively flat trend pattern with regard to volume of imports of gravel and crushed stone. At the same time, Myanmar (+64.3%) and Thailand (+27.8%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +64.3% from 2012-2021. By contrast, Indonesia (-3.0%) and Brunei Darussalam (-4.8%) illustrated a downward trend over the same period. While the share of Thailand (+15 p.p.) and Myanmar (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Brunei Darussalam (-2.1 p.p.) and Singapore (-13.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported gravel and crushed stone in South-Eastern Asia, comprising 80% of total imports. The second position in the ranking was held by Myanmar ($X), with a 6.2% share of total imports. It was followed by Thailand, with a 5.8% share.

In Singapore, gravel and crushed stone imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Myanmar (+33.8% per year) and Thailand (+22.2% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 13% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Myanmar ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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