Australia - Slag Wool, Rock Wool And Similar Mineral Wools And Mixtures - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMineral Wool Price in Australia - 2023
Contents:
- Mineral Wool Price in Australia (CIF) - 2023
- Mineral Wool Price in Australia (FOB) - 2022
- Mineral Wool Imports in Australia
- Mineral Wool Exports in Australia
Mineral Wool Price in Australia (CIF) - 2023
The average mineral wool import price stood at $1,877 per ton in September 2023, with an increase of 15% against the previous month. Over the period under review, the import price, however, recorded a slight slump. The pace of growth was the most pronounced in February 2023 an increase of 36% m-o-m. The import price peaked at $2,876 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Slovenia ($2,100 per ton), while the price for the Czech Republic ($1,294 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Mineral Wool Price in Australia (FOB) - 2022
The average mineral wool export price stood at $6,688 per ton in 2022, jumping by 22% against the previous year. In general, the export price enjoyed a prominent increase. The growth pace was the most rapid in 2017 an increase of 68%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($13,321 per ton), while the average price for exports to Singapore ($1,996 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+41.6%), while the prices for the other major destinations experienced more modest paces of growth.
Mineral Wool Imports in Australia
In 2022, approx. 8.2K tons of slag wool, rock wool and similar mineral wools and mixtures were imported into Australia; with an increase of 30% compared with 2021 figures. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, mineral wool imports surged to $15M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Mineral Wool in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 2.7 | 3.4 | 3.5 | 22.6% |
| Malaysia | 2.4 | 1.8 | 2.0 | 3.0 | 7.7% |
| Germany | N/A | 0.1 | 0.3 | 1.8 | 324.3% |
| Slovenia | 1.2 | 1.5 | 2.6 | 1.7 | 12.3% |
| Poland | 0.7 | 0.6 | 0.8 | 1.3 | 22.9% |
| Indonesia | 0.4 | 0.3 | 0.4 | 0.6 | 14.5% |
| Turkey | N/A | N/A | 0.2 | 0.5 | 150.0% |
| United Kingdom | 0.9 | 0.2 | 0.4 | 0.5 | -17.8% |
| Thailand | 0.5 | 0.4 | 0.5 | 0.3 | -15.7% |
| United States | 0.5 | 0.4 | 0.3 | 0.2 | -26.3% |
| Others | 1.0 | 1.1 | 1.7 | 1.8 | 21.6% |
| Total | 9.4 | 9.1 | 12.5 | 15.3 | 17.6% |
Top Suppliers of Mineral Wool to Australia in 2022:
- Malaysia (2348.2 tons)
- China (1532.8 tons)
- Slovenia (931.8 tons)
- Germany (796.1 tons)
- Poland (743.1 tons)
- Turkey (449.9 tons)
- Indonesia (236.3 tons)
- Thailand (156.8 tons)
- United Kingdom (119.9 tons)
- United States (69.6 tons)
Mineral Wool Exports in Australia
In 2022, exports of slag wool, rock wool and similar mineral wools and mixtures from Australia contracted rapidly to 19 tons, falling by -59.5% compared with 2021 figures. Over the period under review, exports continue to indicate a sharp contraction. The smallest decline of -15.4% was in 2020.
In value terms, mineral wool exports contracted notably to $128K in 2022. In general, exports saw a significant contraction. The growth pace was the most rapid in 2020 when exports increased by 12% against the previous year. As a result, the exports reached the peak of $799K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Mineral Wool in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 68.1 | 115 | 41.0 | 53.2 | -7.9% |
| Taiwan (Chinese) | 133 | 50.7 | 69.1 | 23.8 | -43.6% |
| Singapore | 165 | 209 | 3.6 | 12.1 | -58.1% |
| New Zealand | 105 | 91.2 | 64.1 | 10.1 | -54.2% |
| China | N/A | N/A | 29.7 | 6.3 | -78.8% |
| United Arab Emirates | N/A | N/A | 0.6 | 5.3 | 783.3% |
| South Korea | N/A | 103 | N/A | N/A | 0% |
| Germany | 23.2 | N/A | N/A | N/A | 0% |
| Indonesia | 141 | N/A | N/A | N/A | 0% |
| Others | 79.2 | 230 | 50.8 | 17.1 | -40.0% |
| Total | 715 | 799 | 259 | 128 | -43.6% |
Top Export Markets for Mineral Wool from Australia in 2022:
- Papua New Guinea (6.2 tons)
- Singapore (6.1 tons)
- Taiwan (Chinese) (3.8 tons)
- New Zealand (1.4 tons)
- China (0.7 tons)
- United Arab Emirates (0.4 tons)
This report provides an in-depth analysis of the mineral wool 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 23991910 - Slag wool, rock wool and similar mineral wools and mixtures thereof, in bulk, sheets or rolls
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
528
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