South-Eastern Asia: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in South-Eastern Asia

The Southeast Asian gravel and crushed stone market reduced to $X in 2022, approximately reflecting the previous year. In general, consumption recorded a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Gravel and Crushed Stone in South-Eastern Asia

In value terms, gravel and crushed stone production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt setback. The growth pace was the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Exports of Gravel and Crushed Stone

Exports in South-Eastern Asia

In 2022, exports of gravel and crushed stone in South-Eastern Asia reduced sharply to X tons, with a decrease of X% compared with 2021 figures. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, gravel and crushed stone exports contracted to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Indonesia (X tons) was the major exporter of gravel and crushed stone, comprising X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Vietnam (X%) and Lao People's Democratic Republic (X%).

Exports from Indonesia increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%) and Lao People's Democratic Republic (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, Thailand, Vietnam and Lao People's Democratic Republic increased by X, X, X and X percentage points, respectively.

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

From 2012 to 2022, the average annual growth rate of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. 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.

Prices varied noticeably by country of origin: 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 a decline in the export price figures.

Imports of Gravel and Crushed Stone

Imports in South-Eastern Asia

In 2022, overseas purchases 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, imports posted buoyant growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, gravel and crushed stone imports soared to $X in 2022. Total imports indicated moderate growth 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 increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X tons) represented the main importer of gravel and crushed stone, generating X% of total imports. Thailand (X tons) held the second position in the ranking, distantly followed by Brunei Darussalam (X tons). All these countries together took near X% share of total imports. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to gravel and crushed stone imports into Singapore stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Brunei Darussalam (X%) and Indonesia (X%) illustrated a downward trend over the same period. Singapore (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia and Brunei Darussalam saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Singapore ($X) constitutes the largest market for imported gravel and crushed stone in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Brunei Darussalam, with a X% share.

In Singapore, gravel and crushed stone imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Brunei Darussalam (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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