The pumice stone market in Australia has experienced significant growth over the years, with a marked increase in value from 2012 through 2022. The market, growing steadily until 2015, saw a sharp uptick starting in 2016 with the most substantial year-on-year growth occurring in 2017. The immense growth in 2020, followed by a stabilization in 2021 and moderate growth in 2022, highlights the market dynamics. As of 2023, the market was valued at approximately 1,886.6 thousand US dollars.
Key points to observe:
- The highest year-on-year increase was recorded in 2020 at 17.25%, followed by a marginal rise in 2021, resulting in a more moderate year-over-year growth in 2022.
- The compound annual growth rate (CAGR) over the last five years (2017-2022) hovers around 5.56%, showcasing the market's robust growth potential.
The future of the pumice stone market in Australia will likely be influenced by factors such as developments in the construction and beauty industries, sustainability practices, and potential shifts in supply chain dynamics. Monitoring these elements will be crucial for anticipating future trends.
| # | 7 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 19,126,000 | 2023 | +0.9% | -1.58% | View data |
| 2 | 2 Italy | 5,688,300 | 2023 | -3% | -2.69% | View data |
| 3 | 3 United Kingdom | 3,311,100 | 2023 | -5.62% | -4.82% | View data |
| 4 | 4 Australia | 2,148,300 | 2023 | +5.37% | +7.52% | |
| 5 | 5 Austria | 620,490 | 2023 | +1.56% | +4.31% | View data |
| 6 | 6 Romania | 605,000 | 2023 | -0.45% | +0.13% | View data |
