The import volume of Portland Cement, other than white cement, to Australia shows significant fluctuations over the past decade. In 2023, the volume stands at 1121.4 million kilograms, continuing an upward trend with an average increase of 2.43% annually over the last five years.
The past two years showcase a steady rise with a year-on-year growth of 5.07% in 2022 and 4.73% in 2023. This growth trajectory will likely continue as projected volumes are set to reach 1385.8 million kilograms by 2028, with a forecasted Compound Annual Growth Rate (CAGR) of 3.32%.
Future trends to watch for include:
- Potential impact of infrastructure development projects on cement demand.
- Regulatory changes concerning construction materials importation.
- Economic factors influencing the construction sector's health.
- Technological advancements and innovation in construction materials.
