Forecast: Output of Non-Metallic Mineral Products in Australia

The output of non-metallic mineral products in Australia has shown various fluctuations from 2013 to 2023. The value stood at 20.21 Billion Australian Dollars in 2023. Over the past two years, the output saw a slight growth with year-on-year variations of 0.6% in 2022 and 0.47% in 2023. The compound annual growth rate (CAGR) over the last five years stands at a modest 0.27%.

Future forecasts indicate a steady but low growth, with a forecasted 5-year CAGR of 0.18%, demonstrating a slight increase in output, projected to reach 20.47 Billion Australian Dollars by 2028.

Trends to watch for include:

• Technological advancements in manufacturing processes and their impact on efficiency.
• Potential environmental regulations impacting production costs.
• Market demand driven by construction and infrastructure projects both domestically and globally.