Australia and Oceania: Mineral Wool Market 2024

Mineral Wool Exports

Exports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded decline in overseas shipments of slag wool, rock wool and similar mineral wools and mixtures, which decreased by -28.3% to X tons in 2021. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2016 when exports increased by 201% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, mineral wool exports reduced remarkably to $X in 2021. Overall, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 88%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand was the major exporting country with an export of around X tons, which recorded 79% of total exports. It was distantly followed by Australia (X tons), making up a 20% share of total exports.

New Zealand was also the fastest-growing in terms of the slag wool, rock wool and similar mineral wools and mixtures exports, with a CAGR of +41.9% from 2012 to 2021. Australia (-25.6%) illustrated a downward trend over the same period. While the share of New Zealand (+78 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-78.6 p.p.) displayed negative dynamics.

In value terms, New Zealand ($X) emerged as the largest mineral wool supplier in Australia and Oceania, comprising 76% of total exports. The second position in the ranking was taken by Australia ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in New Zealand totaled +32.8%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 3% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mineral wool export price increased by +129.6% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 55%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+6.0%).

Mineral Wool Imports

Imports in Australia and Oceania

In 2021, supplies from abroad of slag wool, rock wool and similar mineral wools and mixtures was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +6.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 36% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, mineral wool imports skyrocketed to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the major importing country with an import of around X tons, which amounted to 68% of total imports. It was distantly followed by New Zealand (X tons), making up a 27% share of total imports. New Caledonia (X tons) and Papua New Guinea (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to mineral wool imports into Australia stood at +5.3%. At the same time, New Zealand (+12.6%), Papua New Guinea (+1.7%) and New Caledonia (+1.2%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +12.6% from 2012-2021. While the share of New Zealand (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Australia (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), New Zealand ($X) and New Caledonia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 98% share of total imports.

In terms of the main importing countries, New Zealand, with a CAGR of +15.3%, recorded the highest growth rate of the value of imports, 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, with an increase of 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Caledonia (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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