Middle East: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in the Middle East

The Middle Eastern gravel and crushed stone market contracted to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption recorded a slight downturn. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Gravel and Crushed Stone in the Middle East

In value terms, gravel and crushed stone production declined to $X in 2022 estimated in export price. In general, production continues to indicate a slight decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Gravel and Crushed Stone

Exports in the Middle East

In 2022, approx. X tons of gravel and crushed stone were exported in the Middle East; with a decrease of X% compared with the year before. In general, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, gravel and crushed stone exports stood at $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Oman (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together making up X% of total exports. The following exporters - Turkey (X tons), Iraq (X tons) and Palestine (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Palestine (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest gravel and crushed stone supplying countries in the Middle East were the United Arab Emirates ($X), Oman ($X) and Palestine ($X), together comprising X% of total exports.

Among the main exporting countries, Palestine, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated a moderate increase 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. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Palestine ($X per ton), while Iraq ($X per ton) was amongst the lowest.

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

Imports of Gravel and Crushed Stone

Imports in the Middle East

In 2022, approx. X tons of gravel and crushed stone were imported in the Middle East; which is down by X% on the previous year's figure. Total imports indicated mild 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 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, gravel and crushed stone imports fell to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Qatar (X tons) and Kuwait (X tons) represented the key importers of gravel and crushed stone in 2022, resulting at near X% and X% of total imports, respectively. It was distantly followed by Bahrain (X tons), Iraq (X tons) and the United Arab Emirates (X tons), together committing a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gravel and crushed stone importing markets in the Middle East were Qatar ($X), Kuwait ($X) and Bahrain ($X), with a combined X% share of total imports. The United Arab Emirates and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Iraq, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 the Middle East stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price, however, recorded a mild decrease. The growth pace was the most rapid in 2020 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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