Australia: Calcareous Building Stone Market 2024

Calcareous Building Stone Market Size in Australia

In 2021, after two years of growth, there was decline in the Australian calcareous building stone market, when its value decreased by -1.6% to $X. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Calcareous Building Stone Production in Australia

In value terms, calcareous building stone production declined to $X in 2021 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +38.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 74%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Calcareous Building Stone Exports

Exports from Australia

In 2021, overseas shipments of calcareous building stone decreased by -82.5% to X kg, falling for the fourth consecutive year after two years of growth. In general, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2016 when exports increased by 1,094% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, calcareous building stone exports contracted rapidly to $X in 2021. Overall, exports showed a sharp setback. The most prominent rate of growth was recorded in 2016 with an increase of 892% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for calcareous building stone exports from Australia, with a 70% share of total exports. Moreover, calcareous building stone exports to China exceeded the volume sent to the second major destination, Spain (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -19.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+12.9% per year) and the UK (-28.5% per year).

In value terms, Spain ($X), China ($X) and the UK ($X) constituted the largest markets for calcareous building stone exported from Australia worldwide, together accounting for 92% of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +7.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average calcareous building stone export price stood at $X per ton in 2021, growing by 9.7% against the previous year. In general, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 an increase of 127%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 the UK (+0.7%), while the prices for the other major destinations experienced a decline.

Calcareous Building Stone Imports

Imports into Australia

In 2021, overseas purchases of calcareous building stone increased by 28% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of 789%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, calcareous building stone imports totaled $X in 2021. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 498%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of calcareous building stone to Australia, with a 49% share of total imports. Moreover, calcareous building stone imports from India exceeded the figures recorded by the second-largest supplier, Albania (X tons), fivefold. The third position in this ranking was taken by New Zealand (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (+25.7% per year) and New Zealand (+48.3% per year).

In value terms, India ($X), Lebanon ($X) and Albania ($X) appeared to be the largest calcareous building stone suppliers to Australia, together accounting for 34% of total imports. These countries were followed by China, Italy, New Zealand and Greece, which together accounted for a further 19%.

China, with a CAGR of +82.7%, recorded 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 calcareous building stone import price amounted to $X per ton, reducing by -10.6% against the previous year. Overall, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 110%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+85.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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