Ukraine: Market for Gravel And Crushed Stone 2024

Market Size for Gravel And Crushed Stone in Ukraine

The Ukrainian gravel and crushed stone market amounted to $X in 2021, surging by 8.1% against the previous year. Over the period under review, consumption, however, saw a abrupt decrease. Gravel and crushed stone consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Gravel And Crushed Stone in Ukraine

In value terms, gravel and crushed stone production reached $X in 2021 estimated in export price. In general, production continues to indicate a sharp decrease. The growth pace was the most rapid in 2017 when the production volume increased by 48%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Gravel And Crushed Stone

Exports from Ukraine

Gravel and crushed stone exports from Ukraine dropped markedly to X tons in 2021, with a decrease of -18.6% compared with the previous year's figure. In general, exports saw a dramatic descent. The growth pace was the most rapid in 2017 when exports increased by 27%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, gravel and crushed stone exports contracted to $X in 2021. Over the period under review, exports faced a sharp decrease. The pace of growth was the most pronounced in 2017 with an increase of 32% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for gravel and crushed stone exports from Ukraine, with a 69% share of total exports. Moreover, gravel and crushed stone exports to Russia exceeded the volume sent to the second major destination, Belarus (X tons), fivefold. Poland (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-6.7% per year) and Poland (-9.8% per year).

In value terms, Russia ($X) remains the key foreign market for gravel and crushed stone exports from Ukraine, comprising 62% of total exports. The second position in the ranking was held by Belarus ($X), with a 22% share of total exports. It was followed by Poland, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to -27.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-4.7% per year) and Poland (-9.7% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2021, picking up by 13% against the previous year. In general, the export price, however, recorded a noticeable decrease. The growth pace was the most rapid in 2018 an increase of 17%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Moldova ($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 Lithuania (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel And Crushed Stone

Imports into Ukraine

In 2021, purchases abroad of gravel and crushed stone increased by 33% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, gravel and crushed stone imports surged to $X in 2021. In general, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.1% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 25%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Belarus (X tons), Turkey (X tons) and Romania (X tons) were the main suppliers of gravel and crushed stone imports to Ukraine, with a combined 91% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +96.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone suppliers to Ukraine were Turkey ($X), Belarus ($X) and Greece ($X), with a combined 74% share of total imports. Russia, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Romania, with a CAGR of +62.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gravel and crushed stone import price amounted to $X per ton, declining by -10% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2016 an increase of 14% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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