Australia and Oceania: Cement Market 2024

Cement Market Size in Australia and Oceania

The cement market in Australia and Oceania totaled $X in 2022, stabilizing at the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Cement Production in Australia and Oceania

In value terms, cement production stood at $X in 2022 estimated in export price. Over the period under review, production showed a perceptible downturn. The growth pace was the most rapid in 2014 when the production volume increased by 50%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Cement Exports

Exports in Australia and Oceania

After four years of decline, shipments abroad of cement increased by 19% to X tons in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2016 when exports increased by 35% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Fiji (X tons), distantly followed by Australia (X tons), Papua New Guinea (X tons) and New Zealand (X tons) represented the key exporters of cement, together achieving 98% of total exports. Guam (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Papua New Guinea (with a CAGR of -0.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest cement supplying countries in Australia and Oceania were Fiji ($X), Australia ($X) and New Zealand ($X), together comprising 92% of total exports.

Among the main exporting countries, Fiji, with a CAGR of -0.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the export price showed prominent growth. The most prominent rate of growth was recorded in 2018 when the export price increased by 39%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+11.0%), while the other leaders experienced mixed trends in the export price figures.

Cement Imports

Imports in Australia and Oceania

In 2022, supplies from abroad of cement increased by 7.3% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.2% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 62%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cement imports rose remarkably to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.5% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by 42% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was near 63% of total imports in 2022. Papua New Guinea (X tons) held the second position in the ranking, followed by French Polynesia (X tons), Guam (X tons) and Samoa (X tons). All these countries together took near 26% share of total imports. The following importers - Solomon Islands (X tons) and Vanuatu (X tons) - together made up 4.7% of total imports.

From 2012 to 2022, average annual rates of growth with regard to cement imports into Australia stood at +3.5%. At the same time, Samoa (+4.6%) and Guam (+1.8%) displayed positive paces of growth. Moreover, Samoa emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.6% from 2012-2022. Solomon Islands and French Polynesia experienced a relatively flat trend pattern. By contrast, Papua New Guinea (-1.5%) and Vanuatu (-1.7%) illustrated a downward trend over the same period. While the share of Australia (+9.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of French Polynesia (-1.8 p.p.) and Papua New Guinea (-3.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cement in Australia and Oceania, comprising 65% of total imports. The second position in the ranking was held by French Polynesia ($X), with a 10% share of total imports. It was followed by Samoa, with a 5% share.

In Australia, cement imports increased at an average annual rate of +5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: French Polynesia (+0.3% per year) and Samoa (+5.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of 5.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 16%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was French Polynesia ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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