ASEAN: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in ASEAN

The ASEAN gravel and crushed stone market contracted slightly to $X in 2022, approximately reflecting the previous year. Overall, consumption saw a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Gravel and Crushed Stone in ASEAN

In value terms, gravel and crushed stone production declined slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Gravel and Crushed Stone

Exports in ASEAN

In 2022, the amount of gravel and crushed stone exported in ASEAN reduced sharply to X tons, falling by X% compared with the previous year's figure. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gravel and crushed stone exports dropped to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia represented the key exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Thailand (X tons), Malaysia (X tons), Vietnam (X tons) and Lao People's Democratic Republic (X tons), together constituting a X% share of total exports.

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Thailand, Vietnam and Lao People's Democratic Republic increased by X, X, X and X percentage points, respectively.

In value terms, Vietnam ($X) remains the largest gravel and crushed stone supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In Vietnam, gravel and crushed stone exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lao People's Democratic Republic (X%), while the other leaders experienced a decline in the export price figures.

Imports of Gravel and Crushed Stone

Imports in ASEAN

In 2022, purchases abroad of gravel and crushed stone increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, gravel and crushed stone imports surged to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore represented the main importing country with an import of around X tons, which recorded X% of total imports. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brunei Darussalam (X%). Indonesia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gravel and crushed stone imports into Singapore stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Brunei Darussalam (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Indonesia (X p.p.) and Brunei Darussalam (X p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported gravel and crushed stone in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Brunei Darussalam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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