Asia-Pacific: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in Asia-Pacific

The Asia-Pacific gravel and crushed stone market declined to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a noticeable descent. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Gravel and Crushed Stone in Asia-Pacific

In value terms, gravel and crushed stone production dropped to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

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Exports of Gravel and Crushed Stone

Exports in Asia-Pacific

In 2022, shipments abroad of gravel and crushed stone decreased by X% to X tons, falling for the second year in a row after six years of growth. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, gravel and crushed stone exports shrank to $X in 2022. Overall, exports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporter of gravel and crushed stone in Asia-Pacific, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Indonesia (X tons), India (X tons), Thailand (X tons) and Malaysia (X tons), together achieving a X% share of total exports. The following exporters - Vietnam (X tons) and Lao People's Democratic Republic (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%), India (X%), Lao People's Democratic Republic (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. While the share of India (X p.p.), China (X p.p.), Thailand (X p.p.), Vietnam (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. 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 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 mixed trends in the export price figures.

Imports of Gravel and Crushed Stone

Imports in Asia-Pacific

In 2022, supplies from abroad of gravel and crushed stone decreased by X% to X tons, falling for the second year in a row after three years of growth. Total imports indicated buoyant growth 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 2020 indices. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, gravel and crushed stone imports declined to $X in 2022. Total imports indicated a resilient expansion 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Bangladesh (X tons), Singapore (X tons), Taiwan (Chinese) (X tons) and Maldives (X tons) represented roughly X% of total imports in 2022. Macao SAR (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%). Hong Kong SAR (X tons) held a little 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 Bangladesh (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-Pacific were Singapore ($X), Hong Kong SAR ($X) and Bangladesh ($X), together accounting for X% of total imports.

Bangladesh, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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-Pacific stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price, however, recorded a slight slump. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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