Updated Mar 9, 2023 21:16

Fireclay Market in Australia

Market Overview
The Australian fireclay market dropped slightly to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a temperate increase. Over the period under review, the market attained the peak level at $ in 2019; however, from to , consumption failed to regain momentum.

In value terms, fireclay production declined modestly to $ in estimated in export price. In general, production, however, continues to indicate a perceptible expansion. The growth pace was the most rapid in 2016 with an increase of %. Fireclay production peaked at $ in 2019; however, from to , production stood at a somewhat lower figure.


Consumption
In , fireclay consumption in Australia contracted to tons, standing approx. at the year before. In general, consumption, however, continues to indicate a modest increase. Over the period under review, consumption reached the maximum volume at tons in 2019; however, from to , consumption remained at a lower figure.

The value of the fireclay market in Australia fell to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a pronounced expansion. Fireclay consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for fireclay in Australia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of fireclay in Australia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for fireclay.


Trade Balance
Australia remains a net importer of fireclay; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.