U.S.: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in the U.S.

The U.S. gravel and crushed stone market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, saw a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Gravel And Crushed Stone in the U.S.

In value terms, gravel and crushed stone production rose rapidly to $X in 2021. Overall, production continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 168% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Gravel And Crushed Stone

Exports from the U.S.

In 2021, overseas shipments of gravel and crushed stone decreased by -4.1% to X tons, falling for the fourth year in a row after three years of growth. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2016 when exports increased by 30% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, gravel and crushed stone exports surged to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for gravel and crushed stone exports from the United States, with a 78% share of total exports. Moreover, gravel and crushed stone exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was held by Trinidad and Tobago (X tons), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada totaled -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.1% per year) and Trinidad and Tobago (+29.6% per year).

In value terms, Canada ($X) remains the key foreign market for gravel and crushed stone exports from the United States, comprising 61% of total exports. The second position in the ranking was held by Mexico ($X), with a 12% share of total exports. It was followed by Trinidad and Tobago, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+17.0% per year) and Trinidad and Tobago (+34.9% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, increasing by 34% against the previous year. Overall, the export price posted a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 92%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to France ($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 Canada (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel And Crushed Stone

Imports into the U.S.

In 2021, purchases abroad of gravel and crushed stone increased by 126% to X tons, rising for the fifth year in a row after four years of decline. In general, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, gravel and crushed stone imports totaled $X in 2021. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 16% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Canada (X tons) constituted the largest gravel and crushed stone supplier to the United States, with a 65% share of total imports. Moreover, gravel and crushed stone imports from Canada exceeded the figures recorded by the second-largest supplier, Bahamas (X tons), twofold. Mexico (X tons) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from Canada amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Bahamas (+55.4% per year) and Mexico (+7.6% per year).

In value terms, Canada ($X), Mexico ($X) and Bahamas ($X) constituted the largest gravel and crushed stone suppliers to the United States, together comprising 81% of total imports.

Bahamas, with a CAGR of +9.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2021, dropping by -55.2% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2013 when the average import price increased by 59%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Bahamas ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Curacao (+46.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :