Southern Asia: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Southern Asia

After two years of decline, the South Asian gravel and crushed stone market increased by 9.7% to $X in 2021. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Gravel And Crushed Stone in Southern Asia

In value terms, gravel and crushed stone production reached $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% 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 -28.2% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports in Southern Asia

In 2021, shipments abroad of gravel and crushed stone decreased by -0.6% to X tons for the first time since 2013, thus ending a seven-year rising trend. Over the period under review, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 118% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then reduced slightly in the following year.

In value terms, gravel and crushed stone exports dropped modestly to $X in 2021. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 105%. The level of export peaked at $X in 2020, and then fell modestly in the following year.

Exports by Country

In 2021, India (X tons) represented the major exporter of gravel and crushed stone, committing 88% of total exports. It was distantly followed by Nepal (X tons), mixing up an 11% share of total exports.

India was also the fastest-growing in terms of the gravel and crushed stone exports, with a CAGR of +26.7% from 2012 to 2021. Nepal experienced a relatively flat trend pattern. From 2012 to 2021, the share of India increased by +48 percentage points.

In value terms, India ($X) remains the largest gravel and crushed stone supplier in Southern Asia, comprising 67% of total exports. The second position in the ranking was taken by Nepal ($X), with a 32% share of total exports.

In India, gravel and crushed stone exports expanded at an average annual rate of +19.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, with a decrease of -3.5% against the previous year. Overall, the export price recorded a noticeable setback. The growth pace was the most rapid in 2013 when the export price increased by 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 Nepal ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+14.9%).

Imports of Gravel And Crushed Stone

Imports in Southern Asia

In 2021, approx. X tons of gravel and crushed stone were imported in Southern Asia; surging by 13% against the year before. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 125% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, gravel and crushed stone imports stood at $X in 2021. Overall, imports showed a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 87% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Bangladesh dominates imports structure, finishing at X tons, which was near 96% of total imports in 2021. Maldives (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the gravel and crushed stone imports, with a CAGR of +50.1% from 2012 to 2021. At the same time, Maldives (+7.1%) displayed positive paces of growth. From 2012 to 2021, the share of Bangladesh increased by +77 percentage points.

In value terms, Bangladesh ($X) constitutes the largest market for imported gravel and crushed stone in Southern Asia, comprising 86% of total imports. The second position in the ranking was held by Maldives ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Bangladesh amounted to +47.0%.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, reducing by -9.2% against the previous year. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2015 when the import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (-0.6%).

Source: IndexBox Platform

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