Australia and Oceania: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Australia and Oceania

After two years of decline, the cement prefabricated structural components market in Australia and Oceania increased by 0.1% to $X in 2021. Overall, consumption, however, posted a perceptible expansion. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Australia and Oceania

In value terms, cement prefabricated structural components production stood at $X in 2021 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 105%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports in Australia and Oceania

In 2021, approx. X tons of prefabricated structural components of cement, concrete or artificial stone were exported in Australia and Oceania; rising by 11% against the previous year. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 1,076%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports reduced to $X in 2021. Overall, exports, however, saw a pronounced descent. The pace of growth was the most pronounced in 2013 with an increase of 120%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Australia (X tons) represented the main exporter of prefabricated structural components of cement, concrete or artificial stone in Australia and Oceania, creating 100% of total export.

Australia was also the fastest-growing in terms of the prefabricated structural components of cement, concrete or artificial stone exports, with a CAGR of +30.3% from 2012 to 2021. From 2012 to 2021, the share of Australia increased by +23 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest cement prefabricated structural components supplier in Australia and Oceania.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia amounted to -3.8%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, reducing by -19.1% against the previous year. In general, the export price continues to indicate a significant decline. The most prominent rate of growth was recorded in 2015 when the export price increased by 52% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2021, the rate of growth in terms of prices for Australia amounted to -26.2% per year.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports in Australia and Oceania

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -7.4% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 286%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, cement prefabricated structural components imports rose significantly to $X in 2021. Overall, imports recorded a drastic downturn. The growth pace was the most rapid in 2014 when imports increased by 136%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia was the major importing country with an import of around X tons, which recorded 59% of total imports. It was distantly followed by New Zealand (X tons), mixing up a 33% share of total imports. Papua New Guinea (X tons) and Vanuatu (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Vanuatu (with a CAGR of +53.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Papua New Guinea ($X) constituted the countries with the highest levels of imports in 2021, together comprising 96% of total imports. These countries were followed by Vanuatu, which accounted for a further 1.4%.

Vanuatu, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2021, growing by 16% against the previous year. Import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the import price increased by 58% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Papua New Guinea ($X per ton), while Vanuatu ($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 (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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