Australia and Oceania: Natural Stone Sett Market 2024

Natural Stone Sett Market Size in Australia and Oceania

For the third year in a row, the natural stone sett market in Australia and Oceania recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Natural Stone Sett Production in Australia and Oceania

In value terms, natural stone sett production expanded remarkably to $X in 2022 estimated in export price. The total production indicated a strong expansion 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Natural Stone Sett Exports

Exports in Australia and Oceania

In 2022, after two years of growth, there was significant decline in overseas shipments of natural stone setts, kerbstones and flagstones, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, natural stone sett exports fell remarkably to $X in 2022. In general, exports, however, showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

In 2022, Australia (X tons) was the key exporter of natural stone setts, kerbstones and flagstones in Australia and Oceania, achieving X% of total export.

Australia was also the fastest-growing in terms of the natural stone setts, kerbstones and flagstones exports, with a CAGR of X% from 2012 to 2022. While the share of Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest natural stone sett supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to X% per year.

Natural Stone Sett Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in overseas purchases of natural stone setts, kerbstones and flagstones, which increased by X% to X tons in 2022. Over the period under review, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, natural stone sett imports surged to $X in 2022. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), constituting a X% share of total imports.

Australia was also the fastest-growing in terms of the natural stone setts, kerbstones and flagstones imports, with a CAGR of X% from 2012 to 2022. At the same time, New Zealand (X%) displayed positive paces of growth. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported natural stone setts, kerbstones and flagstones in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, picking up by X% against the previous year. Import price indicated mild growth from 2012 to 2022: its price 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, natural stone sett import price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2021 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform

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