Australia and Oceania: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Australia and Oceania

After four years of growth, the bituminous mixtures market in Australia and Oceania decreased by -7.1% to $X in 2021. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2020, and then reduced in the following year.

Bituminous Mixtures Production in Australia and Oceania

In value terms, bituminous mixtures production contracted to $X in 2021 estimated in export price. Overall, production recorded a mild shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 27%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports in Australia and Oceania

In 2021, shipments abroad of bituminous mixtures increased by 59% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a dramatic setback. The most prominent rate of growth was recorded in 2016 when exports increased by 1,188% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bituminous mixtures exports soared to $X in 2021. In general, exports, however, saw a precipitous shrinkage. The growth pace was the most rapid in 2018 when exports increased by 902% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand was the largest exporting country with an export of about X tons, which reached 85% of total exports. It was distantly followed by Australia (X tons), mixing up a 14% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to bituminous mixtures exports from New Zealand stood at -33.7%. Australia (-9.1%) illustrated a downward trend over the same period. While the share of Australia (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of New Zealand (-13.7 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) remains the largest bituminous mixtures supplier in Australia and Oceania, comprising 67% of total exports. The second position in the ranking was held by Australia ($X), with a 30% share of total exports.

In New Zealand, bituminous mixtures exports shrank by an average annual rate of -37.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, dropping by -7.9% against the previous year. Overall, the export price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2013 when the export price increased by 89% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-5.1%).

Bituminous Mixtures Imports

Imports in Australia and Oceania

In 2021, overseas purchases of bituminous mixtures increased by 80% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 201% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, bituminous mixtures imports fell significantly to $X in 2021. In general, imports recorded noticeable growth. The most prominent rate of growth was recorded in 2020 with an increase of 147%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

New Zealand represented the main importer of bituminous mixtures in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. 73% of total imports in 2021. It was distantly followed by Australia (X tons), generating a 22% share of total imports. Papua New Guinea (X tons) took a relatively small share of total imports.

Imports into New Zealand increased at an average annual rate of +9.8% from 2012 to 2021. At the same time, Australia (+16.8%) and Papua New Guinea (+10.8%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +16.8% from 2012-2021. While the share of Australia (+11 p.p.) and New Zealand (+7.5 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported bituminous mixtures in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by Australia ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand stood at +3.8%. In the other countries, the average annual rates were as follows: Australia (+10.4% per year) and Papua New Guinea (-0.1% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, dropping by -58.1% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2020 an increase of 77% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-5.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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