Vietnam: 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 Vietnam

In 2021, the Vietnamese market for gravel, pebbles and crushed stone for concrete and road aggregates was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2019 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 Vietnam

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates skyrocketed to $X in 2021 estimated in export price. Overall, production, however, showed a deep downturn. The growth pace was the most rapid in 2018 when the production volume increased by 69% against the previous year. Over the period under review, production of reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from Vietnam

In 2021, after three years of growth, there was significant decline in overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates, when their volume decreased by -61.2% to X tons. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 544% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2020, and then contracted significantly in the following year.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates reduced sharply to $X in 2021. Overall, exports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2014 when exports increased by 190% against the previous year. The exports peaked at $X in 2020, and then contracted markedly in the following year.

Exports by Country

Singapore (X tons) was the main destination for exports of gravel, pebbles and crushed stone for concrete and road aggregates from Vietnam, accounting for a 79% share of total exports. Moreover, exports of gravel, pebbles and crushed stone for concrete and road aggregates to Singapore exceeded the volume sent to the second major destination, Maldives (X tons), more than tenfold. Brunei Darussalam (X tons) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore stood at +142.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+189.1% per year) and Brunei Darussalam (+46.1% per year).

In value terms, Singapore ($X) remains the key foreign market for gravel, pebbles and crushed stone for concrete and road aggregates exports from Vietnam, comprising 57% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Malaysia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Singapore stood at +150.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-8.4% per year) and Malaysia (+2.4% 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, growing by 37% against the previous year. Over the period under review, the export price, however, faced a sharp shrinkage. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Japan ($X per ton), while the average price for exports to Brunei Darussalam ($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 Singapore (+2.8%), 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 Vietnam

In 2021, approx. X tons of gravel, pebbles and crushed stone for concrete and road aggregates were imported into Vietnam; growing by 87% compared with 2020. Over the period under review, imports, however, recorded a noticeable descent. The growth pace was the most rapid in 2014 with an increase of 250% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates surged to $X in 2021. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 325% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and China (X tons) were the main suppliers of imports of gravel, pebbles and crushed stone for concrete and road aggregates to Vietnam, together comprising 75% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +48.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of gravel, pebbles and crushed stone for concrete and road aggregates to Vietnam, comprising 66% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+13.8% per year) and Germany (+24.8% per year).

Import Prices by Country

In 2021, the average import price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, which is down by -4.8% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 23% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 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 China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :