Indonesia stone quarrying market attracting new entrants as profitability reaches 56% in 2012
Quarrying of Stone, Sand and Clay in Indonesia: ISIC 14 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 09:00:05
Indonesia´s quarrying of stone, sand and clay industry soars by 32% annually on average over 2007-2012 to reach Rp243 trillion. Quarrying of stone accounts for more than half of total sales and is the fastest-growing category. Growth fuelled mainly by soaring prices as volume sales grow just 6% annually from 2007.
Profitability of 56% of turnover attracts new entrants to the industry as total number of companies more than triples over 2007-2012. As industry matures growth expected to slow down to average 15% annually over 2013-2018.
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