South-Eastern Asia: 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-Eastern Asia

In 2021, after two years of decline, there was significant growth in the Southeast Asian market for gravel, pebbles and crushed stone for concrete and road aggregates, when its value increased by 14% to $X. Overall, consumption, however, continues to indicate a pronounced contraction. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in South-Eastern Asia

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates expanded notably to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced reduction. The growth pace was the most rapid in 2018 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports in South-Eastern Asia

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates exported in South-Eastern Asia soared to X tons, jumping by 57% compared with the previous year's figure. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 109% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 62% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Indonesia prevails in aggregates structure, accounting for X tons, which was near 93% of total exports in 2021. Vietnam (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to gravel, pebbles and crushed stone for concrete and road aggregates exports from Indonesia stood at +23.9%. At the same time, Vietnam (+44.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +44.6% from 2012-2021. Indonesia (+5 p.p.) and Vietnam (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) emerged as the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier in South-Eastern Asia, comprising 37% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Indonesia stood at +8.5%.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, which is down by -25.2% against the previous year. In general, the export price recorded a deep reduction. The pace of growth appeared the most rapid in 2019 an increase of 31%. Over the period under review, the export prices hit record highs 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 amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-12.4%).

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

Imports in South-Eastern Asia

In 2021, imports of gravel, pebbles and crushed stone for concrete and road aggregates in South-Eastern Asia surged to X tons, increasing by 27% against the previous year. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 53%. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 65%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Singapore was the main importing country with an import of about X tons, which resulted at 87% of total imports. It was distantly followed by Thailand (X tons), generating a 10% share of total imports. Brunei Darussalam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to gravel, pebbles and crushed stone for concrete and road aggregates imports into Singapore stood at +2.5%. At the same time, Thailand (+31.0%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +31.0% from 2012-2021. By contrast, Brunei Darussalam (-1.8%) illustrated a downward trend over the same period. Thailand (+8.9 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -6.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) constitutes the largest market for imported gravel, pebbles and crushed stone for concrete and road aggregates in South-Eastern Asia, comprising 87% of total imports. The second position in the ranking was taken by Thailand ($X), with a 6.1% share of total imports.

In Singapore, imports of gravel, pebbles and crushed stone for concrete and road aggregates remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (+24.8% per year) and Brunei Darussalam (-9.5% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, standing approx. at the previous year. Over the period under review, the import price, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2013 an increase of 7.7%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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