Overview of the Global Market for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

Market Size for Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates

In 2021, after two years of decline, there was significant growth in the global market for gravel, pebbles and crushed stone for concrete and road aggregates, when its value increased by 10% to $X. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, production of gravel, pebbles and crushed stone for concrete and road aggregates rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 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 2015 when the production volume increased by 19% against the previous year. Over the period under review, global production of reached the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports

In 2021, overseas shipments of gravel, pebbles and crushed stone for concrete and road aggregates increased by 4.8% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 17%. Over the period under review, the global exports of hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 38% against the previous year. The global exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of gravel, pebbles and crushed stone for concrete and road aggregates, namely Oman, Norway and Indonesia, represented more than third of total export. China (X tons) ranks next in terms of the total exports with a 7.8% share, followed by Belgium (5.8%), Germany (5.1%), Mexico (4.8%) and France (4.6%). India (X tons), Canada (X tons), Belarus (X tons) and Ukraine (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +33.0%), while the other global leaders experienced more modest paces of growth.

In value terms, Oman ($X), Norway ($X) and China ($X) were the countries with the highest levels of exports in 2021, together comprising 27% of global exports.

Among the main exporting countries, Oman, with a CAGR of +29.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 25%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Indonesia ($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 (+11.8%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, the amount of gravel, pebbles and crushed stone for concrete and road aggregates imported worldwide expanded significantly to X tons, surging by 7.5% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates rose notably to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 15%. Over the period under review, global imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the nine major importers of gravel, pebbles and crushed stone for concrete and road aggregates, namely Singapore, Kuwait, Qatar, Bangladesh, the United States, Hong Kong SAR, the Netherlands, France and the United Arab Emirates, represented more than two-thirds of total import. Denmark (X tons), Poland (X tons), Belgium (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bangladesh (with a CAGR of +49.6%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Kuwait ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2021, with a combined 27% share of global imports. These countries were followed by Singapore, the United States, Bangladesh, Hong Kong SAR, France, Belgium, Denmark, Poland, the United Arab Emirates and the Czech Republic, which together accounted for a further 42%.

Among the main importing countries, Bangladesh, with a CAGR of +47.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

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, increasing by 5.8% against the previous year. In general, the import price, however, continues to indicate a slight setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 6.7%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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