Australia: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Australia

In 2021, the Australian bituminous mixtures market decreased by -8.9% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. Bituminous mixtures consumption peaked at $X in 2020, and then dropped in the following year.

Bituminous Mixtures Production in Australia

In value terms, bituminous mixtures production declined to $X in 2021 estimated in export price. Over the period under review, production showed a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. Bituminous mixtures production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Bituminous Mixtures Exports

Exports from Australia

In 2021, overseas shipments of bituminous mixtures increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2018 when exports increased by 1,584% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, bituminous mixtures exports soared to $X in 2021. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 1,539% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons), Christmas Island (X tons) and Norfolk Island (X tons) were the main destinations of bituminous mixtures exports from Australia, together accounting for 82% of total exports. Fiji and New Zealand lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Fiji (with a CAGR of +48.3%), while the other leaders experienced mixed trend patterns.

In value terms, Papua New Guinea ($X), Fiji ($X) and Norfolk Island ($X) were the largest markets for bituminous mixtures exported from Australia worldwide, together accounting for 64% of total exports.

Norfolk Island, with a CAGR of +98.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average bituminous mixtures export price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 an increase of 82%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was New Zealand ($X per ton), while the average price for exports to Christmas Island ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Norfolk Island (+41.2%), while the prices for the other major destinations experienced a decline.

Bituminous Mixtures Imports

Imports into Australia

In 2021, purchases abroad of bituminous mixtures decreased by -12.3% to X tons, falling for the second year in a row after four years of growth. In general, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 107% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, bituminous mixtures imports contracted to $X in 2021. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 85% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of bituminous mixtures to Australia, with a 54% share of total imports. Moreover, bituminous mixtures imports from Vietnam exceeded the figures recorded by the second-largest supplier, New Zealand (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam stood at +92.3%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (+15.5% per year) and the United States (+4.7% per year).

In value terms, Vietnam ($X), the United States ($X) and the UK ($X) appeared to be the largest bituminous mixtures suppliers to Australia, together accounting for 66% of total imports.

Vietnam, with a CAGR of +108.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, rising by 2.5% against the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 45%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+51.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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