Colombia: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in Colombia

The Colombian gravel and crushed stone market shrank slightly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption showed a noticeable descent. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Gravel and Crushed Stone in Colombia

In value terms, gravel and crushed stone production reduced to $X in 2022 estimated in export price. In general, production saw a pronounced downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. Gravel and crushed stone production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Gravel and Crushed Stone

Exports from Colombia

In 2022, overseas shipments of gravel and crushed stone increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gravel and crushed stone exports soared to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Venezuela (X tons) was the main destination for gravel and crushed stone exports from Colombia, with a X% share of total exports. Moreover, gravel and crushed stone exports to Venezuela exceeded the volume sent to the second major destination, Peru (X tons), threefold. The third position in this ranking was held by Panama (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Panama (X% per year).

In value terms, Venezuela ($X) remains the key foreign market for gravel and crushed stone exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with an X% share of total exports. It was followed by Panama, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Venezuela amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Panama (X% per year).

Export Prices by Country

The average gravel and crushed stone export price stood at $X per ton in 2022, dropping by X% against the previous year. In general, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($X per ton) and Peru ($X per ton), while the average price for exports to Guyana ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guyana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel and Crushed Stone

Imports into Colombia

In 2022, imports of gravel and crushed stone into Colombia skyrocketed to X tons, picking up by X% compared with 2021. In general, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gravel and crushed stone imports surged to $X in 2022. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of gravel and crushed stone to Colombia, with a X% share of total imports. Moreover, gravel and crushed stone imports from the United States exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

In value terms, the United States ($X) constituted the largest supplier of gravel and crushed stone to Colombia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Turkey (X% per year).

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price recorded significant growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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