Australia: Crude Granite Market 2024

Crude Granite Market Size in Australia

The Australian crude granite market declined to $X in 2022, which is down by -6.2% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Crude granite consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Crude Granite Production in Australia

In value terms, crude granite production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.7% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 46%. Crude granite production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Crude Granite Exports

Exports from Australia

Crude granite exports from Australia contracted rapidly to X tons in 2022, reducing by -42.1% against 2021. In general, exports showed a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 116%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, crude granite exports reduced rapidly to $X in 2022. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 194% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for crude granite exports from Australia, accounting for a 69% share of total exports. Moreover, crude granite exports to China exceeded the volume sent to the second major destination, Indonesia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -4.9%.

In value terms, Indonesia ($X) emerged as the key foreign market for granite (crude) exports from Australia, comprising 65% of total exports. The second position in the ranking was taken by China ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to -4.3%.

Export Prices by Country

The average crude granite export price stood at $X per ton in 2022, growing by 23% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crude granite export price decreased by -29.4% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 54%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+8.5%).

Crude Granite Imports

Imports into Australia

In 2022, approx. X tons of granite (crude) were imported into Australia; shrinking by -5.8% against the previous year's figure. Overall, imports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 176% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, crude granite imports reduced to $X in 2022. Over the period under review, imports, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 176% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Italy (X tons), China (X tons) and India (X tons) were the main suppliers of crude granite imports to Australia, together comprising 61% of total imports. Finland and Latvia lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +374.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crude granite suppliers to Australia were China ($X), Italy ($X) and India ($X), together comprising 62% of total imports. Finland and Latvia lagged somewhat behind, together accounting for a further 8.3%.

Finland, with a CAGR of +620.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crude granite import price stood at $X per ton in 2022, stabilizing at the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 when the average import price increased by 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+100.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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