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Concrete Financial Insights Building Materials Focus Financial Expertise

Concrete Financial Insights Building Materials Focus Financial ExpertiseConcrete Financial Insights Building Materials Focus Financial ExpertiseConcrete Financial Insights Building Materials Focus Financial ExpertiseConcrete Financial Insights Building Materials Focus Financial ExpertiseConcrete Financial Insights Building Materials Focus Financial Expertise
U.S. aggregates industry volume and price and price trends 2014 through 2024 chart.
Price per ton

Volume & Price Trends - US Aggregate Industry

Industry trends

The US construction aggregates industry is a $39 billion industry based on the 2024 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 2014 and 2024, consumption of crushed stone and sand & gravel grew at cumulative average growth rates of 1.4% and 0.7% respectively per year from a combined 2.4 billion tons in 2014 to 2.6 billion tons in 2024. Volumes have been updated, based on the annual commodity surveys published by the US Geological Survey in January 2025 , including minor revisions to data reported for prior years. 


The nationwide average selling price for crushed stone grew from a $9.26 f.o.b. plant / ton in 2014 to $15.88 in 2024. This $6.62 / ton selling price increase over the period represented a cumulative annual growth rate of 5.5%. Sand & Gravel pricing increased from $7.29 / ton in 2014 to $12.61 / ton in 2024, a CAGR of 5.6%.

Insights

The full year volumes in 2024 remained well below the previous peak for annual shipments of 2006. Annual consumption of construction aggregates (combined crushed stone and sand & gravel) of 2.6 billion tons in 2024 was 0.8 billion tons, or 23%, below that prior peak year. 


The Infrastructure Investment and Jobs Act, passed in 2021, began to translate into additional infrastructure spending during the second half of 2023 and will continue to impact construction activity in 2025 .


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