| Product Code: ETC5679942 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Maldives continued to heavily rely on construction aggregates imports, with top exporting countries being UAE, India, China, Malaysia, and Singapore. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. Despite the healthy compound annual growth rate (CAGR) of 7.6% from 2020-24, the significant decline in growth rate from 2023-24 at -48.76% suggests a potential shift in market dynamics. Stakeholders should closely monitor these trends to understand the evolving landscape of construction aggregates imports in Maldives.

By 2027, the Construction Aggregates market in Maldives is anticipated to reach a growth rate of 15.33%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Construction Aggregates Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Construction Aggregates Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Construction Aggregates Market - Industry Life Cycle |
3.4 Maldives Construction Aggregates Market - Porter's Five Forces |
3.5 Maldives Construction Aggregates Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Maldives Construction Aggregates Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Maldives Construction Aggregates Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in construction activities and infrastructure development in the Maldives |
4.2.2 Increasing government investments in construction projects |
4.2.3 Rise in tourism industry leading to demand for new hotels, resorts, and infrastructure |
4.2.4 Urbanization and population growth driving the need for residential and commercial construction projects |
4.3 Market Restraints |
4.3.1 Limited availability of suitable land for quarrying aggregates |
4.3.2 Environmental concerns and regulations impacting extraction and production processes |
4.3.3 Fluctuating prices of raw materials and transportation costs |
4.3.4 Dependence on imported aggregates due to limited local sources |
5 Maldives Construction Aggregates Market Trends |
6 Maldives Construction Aggregates Market Segmentations |
6.1 Maldives Construction Aggregates Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Construction Aggregates Market Revenues & Volume, By Crushed stone, 2021-2031F |
6.1.3 Maldives Construction Aggregates Market Revenues & Volume, By Sand, 2021-2031F |
6.1.4 Maldives Construction Aggregates Market Revenues & Volume, By Gravel, 2021-2031F |
6.1.5 Maldives Construction Aggregates Market Revenues & Volume, By Other aggregates, 2021-2031F |
6.2 Maldives Construction Aggregates Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Maldives Construction Aggregates Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Maldives Construction Aggregates Market Revenues & Volume, By Residential, 2021-2031F |
6.2.4 Maldives Construction Aggregates Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Maldives Construction Aggregates Market Revenues & Volume, By Infrastructure, 2021-2031F |
7 Maldives Construction Aggregates Market Import-Export Trade Statistics |
7.1 Maldives Construction Aggregates Market Export to Major Countries |
7.2 Maldives Construction Aggregates Market Imports from Major Countries |
8 Maldives Construction Aggregates Market Key Performance Indicators |
8.1 Average selling price of construction aggregates in the Maldives |
8.2 Construction permit issuance rate for new projects |
8.3 Infrastructure spending by the government |
8.4 Number of new construction projects announced |
8.5 Aggregate production capacity utilization rate |
9 Maldives Construction Aggregates Market - Opportunity Assessment |
9.1 Maldives Construction Aggregates Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Maldives Construction Aggregates Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Maldives Construction Aggregates Market - Competitive Landscape |
10.1 Maldives Construction Aggregates Market Revenue Share, By Companies, 2024 |
10.2 Maldives Construction Aggregates Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |