Updated Dec 7, 2022 19:25

Agglomerated Dolomite Market in Australia

Market Overview
The Australian agglomerated dolomite market soared to $ in , picking up 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 enjoyed a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.


Consumption
In , the amount of agglomerated dolomite consumed in Australia contracted to tons, which is down by -% compared with the previous year's figure. Over the period under review, consumption, however, continues to indicate a moderate expansion. As a result, consumption attained the peak volume of tons, and then fell in the following year.

The size of the agglomerated dolomite market in Australia shrank to $ in , stabilizing at 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). In general, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $, and then dropped modestly in the following year.


Market Forecast
The agglomerated dolomite market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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
Agglomerated dolomite market in Australia consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Australia relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.


Trade Balance
Australia remains a net importer of agglomerated dolomite; 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 $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.