MERCOSUR: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in MERCOSUR

The MERCOSUR gravel and crushed stone market shrank to $X.4B in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a slight descent. As a result, consumption reached the peak level of $X.2B. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Gravel and Crushed Stone in MERCOSUR

In value terms, gravel and crushed stone production declined slightly to $X.7B in 2022 estimated in export price. Over the period under review, production saw a mild slump. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X.2B. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Gravel and Crushed Stone

Exports in MERCOSUR

In 2022, overseas shipments of gravel and crushed stone increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports posted a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gravel and crushed stone exports skyrocketed to $X in 2022. Total exports indicated a mild 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Colombia prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Suriname (X tons) held the second position in the ranking, followed by Paraguay (X tons). All these countries together took approx. X% share of total exports. Brazil (X tons), Argentina (X tons), Uruguay (X tons) and Peru (X tons) held a relatively small share of total exports.

Colombia was also the fastest-growing in terms of the gravel and crushed stone exports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%) and Brazil (X%) displayed positive paces of growth. Suriname experienced a relatively flat trend pattern. By contrast, Argentina (X%), Uruguay (X%) and Paraguay (X%) illustrated a downward trend over the same period. Colombia (X p.p.) and Suriname (X p.p.) significantly strengthened its position in terms of the total exports, while Uruguay, Argentina and Paraguay saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) remains the largest gravel and crushed stone supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Suriname, with a X% share.

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

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible contraction. The growth pace was the most rapid in 2020 an increase of X%. 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 Peru ($X per ton), while Uruguay ($X per ton) was amongst the lowest.

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

Imports of Gravel and Crushed Stone

Imports in MERCOSUR

In 2022, imports of gravel and crushed stone in MERCOSUR fell significantly to X tons, dropping by X% compared with 2021 figures. In general, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, gravel and crushed stone imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Guyana was the largest importing country with an import of about X tons, which finished at X% of total imports. Brazil (X tons) held the second position in the ranking, distantly followed by Chile (X tons). All these countries together took near X% share of total imports. The following importers - Argentina (X tons) and Venezuela (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Guyana (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Guyana ($X), Brazil ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Guyana, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the import price in MERCOSUR amounted to $X per ton, jumping by X% against the previous year. Import price indicated a resilient expansion from 2012 to 2022: its price 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, gravel and crushed stone import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

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 Venezuela ($X per ton), while Guyana ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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