Australia and Oceania: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Australia and Oceania

The bituminous mixtures market in Australia and Oceania rose to $X in 2022, picking up by X% against the previous year. The total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Bituminous Mixtures Production in Australia and Oceania

In value terms, bituminous mixtures production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Bituminous Mixtures Exports

Exports in Australia and Oceania

In 2022, shipments abroad of bituminous mixtures increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bituminous mixtures exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a dramatic downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand represented the largest exporter of bituminous mixtures in Australia and Oceania, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Fiji (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Australia (X%).

Exports from New Zealand decreased at an average annual rate of X% from 2012 to 2022. At the same time, Fiji (X%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, Australia (X%) illustrated a downward trend over the same period. Fiji (X p.p.) and Australia (X p.p.) significantly strengthened its position in terms of the total exports, while New Zealand saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest bituminous mixtures supplying countries in Australia and Oceania were New Zealand ($X), Australia ($X) and Fiji ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Fiji, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%), while the other leaders experienced a decline in the export price figures.

Bituminous Mixtures Imports

Imports in Australia and Oceania

For the sixth consecutive year, Australia and Oceania recorded growth in purchases abroad of bituminous mixtures, which increased by X% to X tons in 2022. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, bituminous mixtures imports skyrocketed to $X in 2022. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Zealand was the major importing country with an import of around X tons, which accounted for X% of total imports. Australia (X tons) ranks second in terms of the total imports with a X% share, followed by Papua New Guinea (X%).

From 2012 to 2022, average annual rates of growth with regard to bituminous mixtures imports into New Zealand stood at X%. At the same time, Australia (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. Australia (X p.p.), Papua New Guinea (X p.p.) and New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, New Zealand ($X) constitutes the largest market for imported bituminous mixtures in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Australia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in New Zealand amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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