Australia - Abrasives (Natural) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAustralia's Abrasives Price Soars 37% to $274 per Ton
Australia Abrasives Export Price in November 2022
In November 2022, the abrasives price amounted to $274 per ton (FOB, Australia), increasing by 37% against the previous month. Over the period under review, the export price recorded a temperate expansion. The growth pace was the most rapid in September 2022 an increase of 158% month-to-month. As a result, the export price reached the peak level of $445 per ton. From October 2022 to November 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($431 per ton), while the average price for exports to Italy ($195 per ton) was amongst the lowest.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.
Australia Abrasives Exports
In November 2022, overseas shipments of abrasives (natural) increased by 82% to 51K tons, rising for the second consecutive month after two months of decline. In general, exports showed a prominent increase. The growth pace was the most rapid in March 2022 when exports increased by 2,245% against the previous month. As a result, the exports reached the peak of 79K tons. From April 2022 to November 2022, the growth of the exports failed to regain momentum.
In value terms, abrasives exports soared to $14M (IndexBox estimates) in November 2022. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in March 2022 with an increase of 1,428% against the previous month. As a result, the exports attained the peak of $18M. From April 2022 to November 2022, the growth of the exports remained at a somewhat lower figure.
Australia Abrasives Exports by Country
Saudi Arabia (22K tons), Italy (12K tons) and the Netherlands (9.1K tons) were the main destinations of abrasives exports from Australia, together comprising 85% of total exports.
From January 2022 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +69.5%), while the other leaders experienced more modest paces of growth.
In value terms, Saudi Arabia ($7.3M) emerged as the key foreign market for abrasives exports from Australia, comprising 52% of total exports. The second position in the ranking was held by Italy ($2.3M), with a 17% share of total exports. It was followed by the Netherlands, with a 13% share.
From January 2022 to November 2022, the average monthly growth rate of value to Saudi Arabia stood at +5.8%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Italy (+63.3% per month) and the Netherlands (+41.8% per month).
What Drives Abrasives Prices in Australia?
The cost of abrasives in Australia is driven by several factors, including the availability and cost of raw materials, the type of product being used, the demand for the product, and the overall state of the economy.
Natural and synthetic materials are the most common types of raw materials used to make abrasives, with natural materials like sand, aluminum oxide, and silicon carbide being the most popular and affordable. Synthetic materials such as corundum, silicon nitride, and boron nitride are more expensive but are sometimes needed for specialized applications.
The type of abrasive product can also play a role in its cost. Coated abrasives, like sandpaper sheets and discs, usually have a lower price than bonded abrasives, which are often used for cutting and grinding operations, and super abrasives, which are more expensive due to their superior performance and durability. Additionally, the size and shape of the abrasive product can affect its cost, as larger and more complex parts are usually more expensive.
Demand for abrasives in Australia is also a factor that affects prices. The supply and demand curve applies here as well – when demand is high and supply is low, prices tend to rise, while when demand is low and supply is high, prices tend to fall.
Finally, the overall state of the economy also plays a role in abrasives pricing. When the economy is strong, people are more likely to purchase abrasives, resulting in higher prices. When the economy is weak, people are less likely to purchase, causing prices to fall.
This report provides an in-depth analysis of the abrasives market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 08992200 - Industrial diamonds, unworked or simply sawn, cleaved or bruted, pumice stone, emery, natural corundum, natural garnet and other natural abrasives
- Prodcom 08992220 -
- Prodcom 08992230 -
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
