U.S.: Market for Gravel and Crushed Stone 2024

Market Size for Gravel and Crushed Stone in the U.S.

After four years of growth, the U.S. gravel and crushed stone market decreased by X% to $X in 2022. Overall, the total consumption indicated a strong increase 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, consumption increased by X% against 2017 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then declined modestly in the following year.

Production of Gravel and Crushed Stone in the U.S.

In value terms, gravel and crushed stone production contracted to $X in 2022. Over the period under review, the total production indicated a buoyant increase 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, production increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021, and then fell in the following year.

Exports of Gravel and Crushed Stone

Exports from the U.S.

In 2022, overseas shipments of gravel and crushed stone increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, gravel and crushed stone exports stood at $X in 2022. Overall, total exports indicated a strong 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. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada (X tons) was the main destination for gravel and crushed stone exports from the United States, with a X% share of total exports. Moreover, gravel and crushed stone exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), more than tenfold. The third position in this ranking was held by the Dominican Republic (X tons), with a X% share.

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

In value terms, Canada ($X) remains the key foreign market for gravel and crushed stone exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by the Dominican Republic, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and the Dominican Republic (X% per year).

Export Prices by Country

In 2022, the average gravel and crushed stone export price amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, enjoyed resilient growth. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to France ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gravel and Crushed Stone

Imports into the U.S.

In 2022, after five years of growth, there was significant decline in overseas purchases of gravel and crushed stone, when their volume decreased by X% to X tons. In general, imports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, gravel and crushed stone imports contracted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

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

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

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

From 2012 to 2022, the average annual growth rate of value from Canada was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bahamas (X% per year) and Mexico (X% per year).

Import Prices by Country

The average gravel and crushed stone import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, showed a pronounced decrease. The pace of growth was the most pronounced in 2013 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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