U.S.: Ready-Mix Concrete Market 2024

Ready-Mix Concrete Market Size in the U.S.

The U.S. ready-mix concrete market rose remarkably to $X in 2021, increasing by 6.4% against the previous year. The market value increased at an average annual rate of +6.3% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Ready-Mix Concrete Production in the U.S.

In value terms, ready-mix concrete production expanded significantly to $X in 2021. The total output value increased at an average annual rate of +6.4% over the period from 2013 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 13%. Over the period under review, production attained the maximum level in 2021 and is likely to see steady growth in years to come.

Ready-Mix Concrete Exports

Exports from the U.S.

In 2021, overseas shipments of ready-mix concrete decreased by -15.7% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 with an increase of 184% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, ready-mix concrete exports contracted significantly to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 44% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turks and Caicos Islands (X tons), Mexico (X tons) and Spain (X tons) were the main destinations of ready-mix concrete exports from the United States, together accounting for 61% of total exports.

From 2013 to 2021, the biggest increases were recorded for Turks and Caicos Islands (with a CAGR of +339.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ready-mix concrete exported from the United States were Mexico ($X), Turks and Caicos Islands ($X) and Spain ($X), together accounting for 36% of total exports.

Turks and Caicos Islands, with a CAGR of +81.5%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ready-mix concrete export price amounted to $X per ton, reducing by -10.4% against the previous year. Overall, the export price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 77% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+66.9%), while the prices for the other major destinations experienced a decline.

Ready-Mix Concrete Imports

Imports into the U.S.

In 2021, approx. X tons of ready-mix concrete were imported into the United States; which is down by -33% compared with 2020. In general, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 817% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ready-mix concrete imports reduced rapidly to $X in 2021. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 623%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Canada (X tons), Germany (X tons) and Spain (X tons) were the main suppliers of ready-mix concrete imports to the United States, together accounting for 95% of total imports.

From 2013 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +71.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of ready-mix concrete to the United States, comprising 64% of total imports. The second position in the ranking was taken by Germany ($X), with a 29% share of total imports. It was followed by Turkey, with a 3.6% share.

From 2013 to 2021, the average annual rate of growth in terms of value from Canada amounted to +51.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.0% per year) and Turkey (0.0% per year).

Import Prices by Country

The average ready-mix concrete import price stood at $X per ton in 2021, increasing by 9.4% against the previous year. In general, the import price, however, showed a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 42% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Canada ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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