2014-02-07 05:10:04 - Quarrying of Stone, Sand and Clay in Australia: ISIC 14 - a new market research report on companiesandmarkets.com
Highly dependent on the construction industry, Australian quarrying of stone, sand and clay saw 6% annual growth over 2000-2010. Its future success will be affected both by recovering construction volumes and environmental concerns.
The total quarried stone, sand and clay market posted net 106% growth over the review decade, achieving A$4 billion value in 2010. Generally on the growth path, the market experienced a year-on-year decline of 12% in 2006 and 14% in 2009, as in the latter year the global downturn decreased the availability of finance, confidence and construction activity, which led to lesser demand for non-metallic mineral products.
Throughout the decade, the buyers´ market comprised only business purchases, with households and demand created by capital purchases accounting for minuscule value
shares. Local producers saw their turnover increase by a net 71% over the decade, reaching A$4.1 billion in 2010.
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