Asia: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in Asia

The Asian gravel and crushed stone market dropped to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a slight decline. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Gravel and Crushed Stone in Asia

In value terms, gravel and crushed stone production contracted to $X in 2022 estimated in export price. Overall, production recorded a mild curtailment. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Gravel and Crushed Stone

Exports in Asia

In 2022, shipments abroad of gravel and crushed stone decreased by X% to X tons, falling for the third consecutive year after eight years of growth. Over the period under review, exports, however, showed mild growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports declined to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from China (X tons), Oman (X tons) and the United Arab Emirates (X tons), together accounting for X% of total export. Indonesia (X tons) ranks next in terms of the total exports with a X% share, followed by India (X%). Thailand (X tons) and Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone supplying countries in Asia were China ($X), the United Arab Emirates ($X) and Oman ($X), together accounting for X% of total exports. India, Indonesia, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Gravel and Crushed Stone

Imports in Asia

In 2022, gravel and crushed stone imports in Asia contracted to X tons, with a decrease of X% compared with 2021. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, gravel and crushed stone imports contracted to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Qatar (X tons) and Kuwait (X tons) were the key importers of gravel and crushed stone in Asia, together comprising X% of total imports. It was distantly followed by Bangladesh (X tons), Singapore (X tons), Bahrain (X tons), Taiwan (Chinese) (X tons), Maldives (X tons) and Iraq (X tons), together creating a X% share of total imports. The following importers - the United Arab Emirates (X tons) and Macao SAR (X tons) - each reached a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone importing markets in Asia were Singapore ($X), Qatar ($X) and Kuwait ($X), together accounting for X% of total imports. Bangladesh, Taiwan (Chinese), Maldives, Bahrain, the United Arab Emirates, Iraq and Macao SAR lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Bangladesh, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The import price in Asia stood at $X per ton in 2022, approximately reflecting the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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