Australia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Australia

The Australian market for ready-mixed concrete and factory made mortars fell to $X in 2023, approximately equating the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Australia

In value terms, production of ready-mixed concrete and factory made mortars contracted modestly to $X in 2023 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

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Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from Australia

In 2023, overseas shipments of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in years to come.

In value terms, exports of ready-mixed concrete and factory made mortars expanded remarkably to $X in 2023. Overall, exports saw a resilient increase. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

New Zealand (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from Australia, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Malaysia (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from Australia, comprising X% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the average export price for ready-mixed concrete and factory made mortars amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (X%), while the prices for the other major destinations experienced a decline.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into Australia

Imports of ready-mixed concrete and factory made mortars into Australia expanded rapidly to X tons in 2023, with an increase of X% on 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars skyrocketed to $X in 2023. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports of reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Vietnam (X tons) constituted the largest ready-mixed concrete and factory made mortar supplier to Australia, with a X% share of total imports. Moreover, imports of ready-mixed concrete and factory made mortars from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Spain (X% per year).

In value terms, Malaysia ($X), Vietnam ($X) and Italy ($X) constituted the largest ready-mixed concrete and factory made mortar suppliers to Australia, together accounting for X% of total imports. Germany, Spain and the United States lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt downturn. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform