Australia and Oceania: Market for Porphyry, Basalt and Quartzites 2024

Market Size for Porphyry, Basalt and Quartzites in Australia and Oceania

The porphyry, basalt and quartzites market in Australia and Oceania amounted to $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Porphyry, Basalt and Quartzites in Australia and Oceania

In value terms, porphyry, basalt and quartzites production expanded modestly to $X in 2022 estimated in export price. In general, production, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Exports of Porphyry, Basalt and Quartzites

Exports in Australia and Oceania

In 2022, shipments abroad of porphyry, basalt and quartzites was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a precipitous descent. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, porphyry, basalt and quartzites exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a dramatic curtailment. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. Papua New Guinea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to porphyry, basalt and quartzites exports from Australia stood at X%. At the same time, Papua New Guinea (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Australia and Papua New Guinea increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest porphyry, basalt and quartzites supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price, however, recorded tangible growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Papua New Guinea ($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 Papua New Guinea (X%).

Imports of Porphyry, Basalt and Quartzites

Imports in Australia and Oceania

In 2022, porphyry, basalt and quartzites imports in Australia and Oceania reduced to X tons, with a decrease of X% against the previous year. In general, imports saw a pronounced reduction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, porphyry, basalt and quartzites imports dropped to $X in 2022. Total imports indicated a noticeable 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, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Australia prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Kiribati (X tons), constituting a X% share of total imports. The following importers - New Zealand (X tons) and French Polynesia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to porphyry, basalt and quartzites imports into Australia stood at X%. At the same time, Kiribati (X%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. By contrast, French Polynesia (X%) and New Zealand (X%) illustrated a downward trend over the same period. While the share of Kiribati (X p.p.) and Australia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported porphyry, basalt and quartzites in Australia and Oceania, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports. It was followed by Kiribati, with a X% share.

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

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a notable increase 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, porphyry, basalt and quartzites import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while French Polynesia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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