South Africa: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in South Africa

The South African gravel and crushed stone market declined to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption recorded a pronounced slump. The growth pace was the most rapid in 2021 when the market value increased by X%. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Gravel and Crushed Stone in South Africa

In value terms, gravel and crushed stone production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Exports of Gravel and Crushed Stone

Exports from South Africa

In 2022, shipments abroad 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 showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, gravel and crushed stone exports fell modestly to $X in 2022. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X tons) was the main destination for gravel and crushed stone exports from South Africa, accounting for a X% share of total exports. Moreover, gravel and crushed stone exports to Botswana exceeded the volume sent to the second major destination, France (X tons), sixfold. Mozambique (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Mozambique (X% per year).

In value terms, France ($X), Botswana ($X) and Namibia ($X) were the largest markets for gravel and crushed stone exported from South Africa worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average gravel and crushed stone export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Botswana ($X per ton) was amongst the lowest.

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

Imports of Gravel and Crushed Stone

Imports into South Africa

In 2022, overseas purchases of gravel and crushed stone were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, gravel and crushed stone imports expanded slightly to $X in 2022. In general, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Namibia (X tons) constituted the largest gravel and crushed stone supplier to South Africa, accounting for a X% share of total imports. Moreover, gravel and crushed stone imports from Namibia exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Namibia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, the largest gravel and crushed stone suppliers to South Africa were Namibia ($X), the UK ($X) and China ($X), together accounting for X% of total imports.

In terms of the main suppliers, the UK, 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 a decline.

Import Prices by Country

In 2022, the average gravel and crushed stone import price amounted to $X per ton, remaining constant against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Namibia ($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 UK (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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