Industrial sand and gravel production in Australia stood at 7.1 million metric tons in 2023, following a steady upward trend with a slight dip in 2020. The year-on-year variation over the last two years showed an increase of 2.19% in 2022 and 2.11% in 2023. The compound annual growth rate (CAGR) over the last five years averaged 2.3%. Production is forecasted to continue its growth, reaching 7.87 million metric tons by 2028, indicating a forecasted 5-year CAGR of 1.61% and a total growth rate of 8.33%.
Future trends to watch for include:
- Technological advancements in sand and gravel extraction and processing.
- Environmental regulations and sustainability practices impact on production.
- Market demands from construction and infrastructure projects.
- International trade policies and their effect on the export market.
