Australia and Oceania: Cement Market 2024

Cement Market Size in Australia and Oceania

The cement market in Australia and Oceania totaled $X in 2023, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Cement Production in Australia and Oceania

In value terms, cement production reached $X in 2023 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Cement Exports

Exports in Australia and Oceania

In 2023, the amount of cement exported in Australia and Oceania dropped to X tons, shrinking by X% against 2022. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, cement exports declined to $X in 2023. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Fiji (X tons) and Australia (X tons) were the key exporters of cement in Australia and Oceania, together accounting for near X% of total exports. Papua New Guinea (X tons) ranks next in terms of the total exports with a X% share, followed by New Zealand (X%). Guam (X tons) took a minor share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Papua New Guinea (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Fiji ($X), Australia ($X) and Papua New Guinea ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Fiji, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the export price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while Guam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the export price figures.

Cement Imports

Imports in Australia and Oceania

Cement imports soared to X tons in 2023, jumping by X% against 2022 figures. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cement imports surged to $X in 2023. Total imports indicated a perceptible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the immediate term.

Imports by Country

Australia prevails in imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Papua New Guinea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Guam (X%). French Polynesia (X tons), Samoa (X tons) and Solomon Islands (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the cement imports, with a CAGR of X% from 2012 to 2023. At the same time, Solomon Islands (X%) and Guam (X%) displayed positive paces of growth. Papua New Guinea and Samoa experienced a relatively flat trend pattern. By contrast, French Polynesia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Australia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cement in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by Papua New Guinea ($X), with a X% share of total imports. It was followed by Samoa, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%. In the other countries, the average annual rates were as follows: Papua New Guinea (X% per year) and Samoa (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then fell sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Samoa ($X per ton), while French Polynesia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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