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Concrete Financial Insights Building Materials Focus Financial Expertise

Concrete Financial Insights Building Materials Focus Financial Expertise Concrete Financial Insights Building Materials Focus Financial Expertise Concrete Financial Insights Building Materials Focus Financial Expertise
Annual U.S. crushed stone  volumes and prices, Annual U.S. sand and gravel volumes and prices

Volume & Price Trends - US Aggregate Industry

Industry trends

The US construction aggregates industry is a $31 billion industry based on the 2021 revenues measured at the quarry sites. The industry continues a slow but steady recovery from the downturn caused by the general economic crisis in 2008.


Between 20110 and 2021, consumption of crushed stone and sand & gravel grew at cumulative average growth rates of 2.8% and 2.1% respectively per year from a combined 2.2 billion tons in 2011 to 2.9 billion tons in 2021. Volumes have been updated, based on the annual commodity surveys published by the US Geological Survey in January 2022 , including minor revisions to data reported for prior years. 


The nationwide average selling price for crushed stone grew from a $8.75 f.o.b. plant / ton in 2011 to $11.79 in 2021. This $3.04 / ton selling price increase over the period represented a cumulative annual growth rate of 3.0%. Sand & Gravel pricing increased  from $6.74 / ton in 2011 to $8.98/ ton in 2021, a CAGR of 2.9%.

Insights

The full year volumes in 2021 remained well below the previous peak for annual shipments of 2006. Annual consumption of construction aggregates (combined crushed stone and sand & gravel) of 2.9 billion tons in 2021 was 0.5 billion tons, or 15%, below that prior peak year. 


The use of recycled materials, while still  a minor proportion of overall consumption, has grown at a faster rate than the overall market over the past decade.


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