Republic of Korea - Gravel, Pebbles And Crushed Stone for Concrete and Road Aggregates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea - 2022
Contents:
- Price for Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea (CIF) - 2022
- Price for Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea (FOB) - 2022
- Imports of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea
- Exports of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea
Price for Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea (CIF) - 2022
In 2022, the average import price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $167 per ton, growing by 9% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for gravel, pebbles and crushed stone for concrete and road aggregates increased by +32.1% against 2017 indices. The pace of growth was the most pronounced in 2013 an increase of 34%. Over the period under review, average import prices reached the maximum at $209 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($654 per ton), while the price for Vietnam ($129 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea (FOB) - 2022
In 2022, the average export price for gravel, pebbles and crushed stone for concrete and road aggregates amounted to $330 per ton, with an increase of 9.5% against the previous year. In general, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 427%. The export price peaked at $642 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($300 per ton), while the average price for exports to Indonesia ($145 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+53.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea
In 2022, approx. 24K tons of gravel, pebbles and crushed stone for concrete and road aggregates were imported into South Korea; increasing by 3.8% on the previous year. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 7.1%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of gravel, pebbles and crushed stone for concrete and road aggregates totaled $4M in 2022. The total import value increased at an average annual rate of +12.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 17%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,181 | 1,266 | 1,300 | 1,369 | 5.0% |
| Indonesia | 180 | 292 | 657 | 819 | 65.7% |
| Philippines | 952 | 725 | 776 | 545 | -17.0% |
| Vietnam | 109 | 151 | 210 | 530 | 69.4% |
| Japan | 140 | 415 | 264 | 424 | 44.7% |
| France | 95.8 | 154 | 84.5 | 80.9 | -5.5% |
| Others | 99.6 | 209 | 205 | 188 | 23.6% |
| Total | 2,757 | 3,213 | 3,497 | 3,956 | 12.8% |
Top Suppliers of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates to South Korea in 2022:
- China (10.1K tons)
- Indonesia (4.5K tons)
- Vietnam (4.1K tons)
- Philippines (3.5K tons)
- Japan (0.6K tons)
- France (0.3K tons)
Exports of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea
In 2022, the amount of gravel, pebbles and crushed stone for concrete and road aggregates exported from South Korea surged to 79 tons, picking up by 193% on 2021 figures. In general, exports, however, showed a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 403%. As a result, the exports reached the peak of 835 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of gravel, pebbles and crushed stone for concrete and road aggregates soared to $26K in 2022. Over the period under review, exports posted a notable increase. The growth pace was the most rapid in 2020 when exports increased by 238% against the previous year. As a result, the exports attained the peak of $80K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kuwait | 4.6 | N/A | N/A | 12.0 | 37.7% |
| Cambodia | N/A | N/A | N/A | 4.5 | 0% |
| Russia | N/A | N/A | N/A | 4.4 | 0% |
| Indonesia | N/A | N/A | N/A | 2.5 | 0% |
| India | N/A | N/A | N/A | 1.5 | 0% |
| Malaysia | N/A | N/A | N/A | 1.2 | 0% |
| Uzbekistan | 7.8 | N/A | N/A | N/A | 0% |
| Bangladesh | N/A | 74.6 | N/A | N/A | 0% |
| Others | 11.1 | 5.2 | 8.2 | N/A | -14.1% |
| Total | 23.6 | 79.8 | 8.2 | 26.1 | 3.4% |
Top Export Markets for Gravel, Pebbles and Crushed Stone for Concrete and Road Aggregates from South Korea in 2022:
- Kuwait (56.5 tons)
- Indonesia (17.1 tons)
- Russia (16.2 tons)
- Cambodia (15.0 tons)
- Malaysia (5.8 tons)
- India (5.0 tons)
This report provides an in-depth analysis of the market for gravel, pebbles and crushed stone for concrete and road aggregates in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08121210 - Gravel and pebbles of a kind used for concrete aggregates, f or road metalling or for railway or other ballast, shingle and flint
- Prodcom 08121230 - Crushed stone of a kind used for concrete aggregates, for road metalling or for railway or other ballast (excluding gravel, p ebbles, shingle and flint)
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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