Thailand: 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 Thailand

In 2021, the Thai market for gravel, pebbles and crushed stone for concrete and road aggregates increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth remained at a lower figure.

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

Exports from Thailand

In 2021, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates decreased by -40.1% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 784%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates declined significantly to $X in 2021. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 801% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Thailand, accounting for a 99% share of total exports. It was followed by Cambodia (X tons), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Bangladesh stood at +54.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-2.6% per year) and Lao People's Democratic Republic (-31.4% per year).

In value terms, Bangladesh ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Thailand, comprising 96% of total exports. The second position in the ranking was held by Cambodia ($X), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Bangladesh stood at +64.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+4.7% per year) and Lao People's Democratic Republic (+1.4% per year).

Export Prices by Country

The average export price for gravel, pebbles and crushed stone for concrete and road aggregates stood at $X per ton in 2021, rising by 7.7% against the previous year. Overall, the export price, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 when the average export price increased by 270%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($X per ton), while the average price for exports to Cambodia ($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 Lao People's Democratic Republic (+47.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Thailand

In 2021, imports of gravel, pebbles and crushed stone for concrete and road aggregates into Thailand reached X tons, increasing by 1.8% on 2020. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 171% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X in 2021. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 124% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Lao People's Democratic Republic (X tons) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Thailand, with a 90% share of total imports. Moreover, imports of gravel, pebbles and crushed stone for concrete and road aggregates from Lao People's Democratic Republic exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from Lao People's Democratic Republic amounted to +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+110.4% per year) and China (+4.0% per year).

In value terms, Lao People's Democratic Republic ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Thailand, comprising 92% of total imports. The second position in the ranking was held by Malaysia ($X), with a 3% share of total imports. It was followed by China, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Lao People's Democratic Republic totaled +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+108.3% per year) and China (+15.4% per year).

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, with an increase of 8.7% against the previous year. Overall, the import price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 11%. The import price 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 origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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