Concrete Financial Insights Building Materials Focus Financial Expertise
Volume & Price Trends - US Aggregate Industry
Industry trends
The US construction aggregates industry is a $40 billion industry based on the 2025 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 2015 and 2025, consumption of crushed stone and sand & gravel grew at cumulative average growth rates of 0.6% and 0.1% respectively per year from a combined 2.4 billion tons in 2014 to 2.6 billion tons in 2025. Volumes have been updated, based on the annual commodity surveys published by the US Geological Survey in January 2026 , 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 2025 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 2025 was 0.8 billion tons, or 23%, below that prior peak year.