Southern 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 Southern Asia

The South Asian market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates in Southern Asia

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 17%. As a result, production reached 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 Southern Asia

In 2021, shipments abroad of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -3.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 124% against the previous year. The volume of export peaked at X tons in 2020, and then fell slightly in the following year.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates dropped modestly to $X in 2021. Overall, exports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 126%. The level of export peaked at $X in 2020, and then fell slightly in the following year.

Exports by Country

India prevails in aggregates structure, recording X tons, which was near 89% of total exports in 2021. It was distantly followed by Nepal (X tons), mixing up a 9.8% share of total exports.

India was also the fastest-growing in terms of the gravel, pebbles and crushed stone for concrete and road aggregates exports, with a CAGR of +26.8% from 2012 to 2021. Nepal (-1.4%) illustrated a downward trend over the same period. While the share of India (+50 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Nepal (-32 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest gravel, pebbles and crushed stone for concrete and road aggregates supplier in Southern Asia, comprising 72% of total exports. The second position in the ranking was taken by Nepal ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India amounted to +21.2%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 14%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+18.4%).

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

Imports in Southern Asia

For the sixth year in a row, Southern Asia recorded growth in purchases abroad of gravel, pebbles and crushed stone for concrete and road aggregates, which increased by 16% to X tons in 2021. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 84% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $X in 2021. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 78%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Bangladesh dominates aggregates structure, recording X tons, which was near 96% of total imports in 2021. Maldives (X tons) held a relatively small share of total imports.

Bangladesh was also the fastest-growing in terms of the gravel, pebbles and crushed stone for concrete and road aggregates imports, with a CAGR of +49.6% from 2012 to 2021. At the same time, Maldives (+9.3%) displayed positive paces of growth. While the share of Bangladesh (+76 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Maldives (-9.2 p.p.) displayed negative dynamics.

In value terms, Bangladesh ($X) constitutes the largest market for imported gravel, pebbles and crushed stone for concrete and road aggregates in Southern Asia, comprising 87% of total imports. The second position in the ranking was taken by Maldives ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Bangladesh amounted to +47.9%.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, growing by 4.9% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. The level of import peaked at $X per ton in 2015; however, from 2016 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 Maldives ($X per ton), while Bangladesh amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Maldives (-0.3%).

Source: IndexBox Platform

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