Australia and Oceania: Sandstone Market 2024

Sandstone Market Size in Australia and Oceania

The sandstone market in Australia and Oceania stood at $X in 2022, growing by 9.5% against the previous year. In general, consumption, however, continues to indicate a deep reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Sandstone Production in Australia and Oceania

In value terms, sandstone production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Sandstone Exports

Exports in Australia and Oceania

In 2022, sandstone exports in Australia and Oceania declined dramatically to X tons, which is down by -52.1% against the previous year's figure. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 1,176% against the previous year. As a result, the exports attained the peak of X tons, and then dropped dramatically in the following year.

In value terms, sandstone exports declined remarkably to $X in 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,086%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of sandstone in Australia and Oceania, achieving 99.9% of total export.

Australia was also the fastest-growing in terms of the sandstone exports, with a CAGR of -6.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest sandstone supplier in Australia and Oceania.

In Australia, sandstone exports contracted by an average annual rate of -9.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, almost unchanged from the previous year. In general, the export price showed a noticeable setback. The pace of growth was the most pronounced in 2020 when the export price increased by 17% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 2022, the rate of growth in terms of prices for Australia amounted to -3.1% per year.

Sandstone Imports

Imports in Australia and Oceania

Sandstone imports plummeted to X tons in 2022, with a decrease of -39.5% on 2021. Over the period under review, imports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 91%. As a result, imports attained the peak of X tons, and then fell markedly in the following year.

In value terms, sandstone imports declined remarkably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 69%. As a result, imports attained the peak of $X, and then declined significantly in the following year.

Imports by Country

In 2022, Australia (X tons) was the largest importer of sandstone, creating 58% of total imports. Tuvalu (X tons) ranks second in terms of the total imports with a 19% share, followed by New Zealand (13%) and Fiji (5%). Tokelau (X tons) followed a long way behind the leaders.

Imports into Australia decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Tuvalu (+82.0%) displayed positive paces of growth. Moreover, Tuvalu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +82.0% from 2012-2022. By contrast, Tokelau (-6.2%), New Zealand (-6.5%) and Fiji (-7.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Tuvalu increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sandstone in Australia and Oceania, comprising 58% of total imports. The second position in the ranking was taken by Fiji ($X), with an 18% share of total imports. It was followed by New Zealand, with a 16% share.

In Australia, sandstone imports increased at an average annual rate of +1.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Fiji (-2.4% per year) and New Zealand (-4.9% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, rising by 11% against the previous year. In general, the import price recorded a mild expansion. The growth pace was the most rapid in 2016 when the import price increased by 41% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Fiji ($X per ton), while Tuvalu ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tokelau (+18.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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