Introducing the Aggregates Producer Price Index (APPI) A Joint Project Of Mineralocity And Market Bee.
By Barry Hudson
Mineralocity and Market Bee announce the launch of the Aggregates Producer Price Index (APPI), a powerful new tool for the aggregates industry. As the industry continues to evolve and seek more data-driven approaches to business, the APPI provides a valuable addition to the already rich data Mineralocity platform. Covering a nationwide market, the APPI offers a simple yet powerful representation of overall market trends through a single numeric value. Elevate your business with the APPI – the go-to resource for aggregates market insights.
APPI Methodology
Mineralocity is committed to providing the aggregates industry with valuable, accurate market insights. That’s why in partnership with the pricing experts from Market Bee, Mineralocity developed the APPI, a producer price index based on a thorough, reliable pricing methodology. Developed by Market Bee experts, analysis process includes surveying producers and consumers, reviewing public record, tax data and consulting price lists to ensure the APPI reflects the unique characteristics of aggregates markets across the United States.
The main purpose of the APPI is to track changes in producer prices from the base period and identify overall trends in pricing power and market attractiveness. Initially, the index will focus on premium sands, coarse aggregates for concrete and asphalt, and road bases in a specific geography. In the future, we plan to expand the list of tracked products.
To provide a level playing field, the APPI does not include transportation costs. However, surcharges of any type will be included and flagged when possible. With granular data available at the national, state, and county levels, as well as by product type, end use, and geology, the APPI offers in-depth analysis and comparison opportunities.
The first APPI data will be released at ConExpo-Con/Agg, with the first full release in early April 2023. The dataset will be updated quarterly to ensure you have the most up-to-date information. Trust the APPI to inform and guide your business decisions in the aggregates industry.
Calculation Technique
The APPI is based on best practices in statistical analysis and incorporates data from a range of sources, both public and private. It provides a comprehensive view of the market with a low statistical margin of error. As the largest database of pricing information in the industry, the APPI is well-equipped to accurately predict pricing trends for the entire market based on data from specific areas.
As the APPI evolves, users will be able to track trends in pricing by different variables, including geology, location, end use, aggregate sizes, or even a combination of these variables. Stay ahead of the curve with the APPI – the go-to resource for reliable, comprehensive market insights in the aggregates industry.
The APPI is exclusively available through Mineralocity. As a user of the platform, you can access the data and manipulate it to meet your specific needs. Alternatively, you can take advantage of Mineralocity’s expertise and have our team interpret the data for you with a deep dive analysis.
In addition to using the APPI on the Mineralocity platform, you can also import the data into App.market-bee.com – a custom market assessment software for the aggregates industry. With the APPI data integrated into App.market-bee.com, you can use the data to evaluate the attractiveness of a market segment and identify potential opportunities. Leverage the APPI to gain a competitive advantage in the aggregates industry.
Aggregates Markets shows connection between producers and customers. It also shows such KPIs as market share, self-supply and free market share.
Aggregates Producer shows delivery of products to the market and provides an answer to “last mile” case.
With the APPI, Mineralocity data and local supply information, clear conclusions can be made about the market.
To learn more about the APPI and see how it can benefit you, visit www.mineralocity.com. Market Bee, www.price-bee.com, is the engine that powers Mineralocity’s APPI. Market Bee is a specialty aggregate market analysis tool that allows to design and implement specific aggregates market research.