Which Country Exports the Most Gravel and Crushed Stone in the World?

IndexBox has just published a new report "World: Gravel And Crushed Stone - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

Global gravel imports totaled 448M tonnes in 2016, surging by 5% against the previous year figure. The total import volume increased at an average annual rate of +1.7% over the period from 2007 to 2016- the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2012, when import increased by 7% y-o-y. Global gravel import peaked in 2016, and are likely to see steady growth in the immediate term.

In value terms, gravel imports totaled $3B in 2016. In general, gravel imports continue to indicate a relatively flat trend pattern. In that year, global gravel imports reached its maximum level of $3.6B. From 2009 to 2016, growth of global gravel imports stood at a somewhat lower level.

Top Gravel Importing Countries in the World

1. Qatar (436.5 million USD)

2. Singapore (183.5 million USD)

3. Kuwait (134.2 million USD)

4. China, Hong Kong SAR (121.0 million USD)

5. Russia (110.4 million USD)

6. Belgium (82.9 million USD)

7. United Arab Emirates (54.7 million USD)

8. Canada (28.5 million USD)

9. Ukraine (11.0 million USD)

10. Mexico (4.1 million USD)

11. China (3.4 million USD)

12. Norway (2.7 million USD)

Gravel Imports By Country

Canada (64M tonnes), and United Arab Emirates (53M tonnes) represented roughly 26% of total imports of gravel in 2016. It was followed by Qatar (33M tonnes), China (32M tonnes), Ukraine (26M tonnes), and Norway (24M tonnes), together generating 26% share of total gravel imports. Singapore (20M tonnes), China, Hong Kong SAR (16M tonnes), Belgium (15M tonnes), Mexico (13M tonnes), Russia (12M tonnes), and Kuwait (12M tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of gravel imports, among the main importing countries, was attained by Canada (+28.0% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Qatar ($437M) constitutes the largest market for imported gravel worldwide, making up 14% of global imports. The second position in the ranking was occupied by Singapore ($184M), with the share of 6% of global imports. It was followed by Kuwait, with the share of 4%.

From 2007 to 2016, the average annual rate of growth in terms of value of gravel imports in Qatar expanded at +5.2%. The remaining importing countries recorded the following average annual rates: Singapore (-2.9% per year) and Kuwait (+3.6% per year).

Gravel Import Prices By Country

In 2016, the average import price for gravel amounted to $7 per tonne, approximately equating the previous year level. Overall, gravel import price continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2008, when import increased by 25% year-to-year. In that year, average gravel import price attained its maximum level of $10 per tonne. From 2009 to 2016, growth of average gravel import price failed to regain its strength.

Import prices varied noticeably by country of destination. the country with the highest import prices was Qatar ($13 per tonne), while China ($0 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of gravel import prices was attained by China, Hong Kong SAR (+24.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global gravel market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• gravel market share
• gravel prices
• gravel industry
• gravel sales
• gravel import
• gravel export
• gravel market forecast
• gravel price forecast
• key gravel producers

All data provided in this article covers the following product: HS Code 2517 - Pebbles, gravel, crushed stone for concrete aggregates for road or railway ballast, shingle or flint- macadam of slag, dross etc tarred granules, chippings, powder of stones of heading no. 2515 and 2516.

Source: World: Gravel And Crushed Stone - Market Report. Analysis and Forecast to 2025