Industry Analysis & Industry Trends
Revenue growth across Australia's Sand and Gravel Quarrying industry has been limited in the five years through 2013-14 due to flat building construction growth and weak increases in demand from concrete manufacturing companies. Low industry growth has been the result of difficult operating conditions to 2010-11 as building activity slowed in response to the global financial crisis and some domestic economic uncertainty that limited investment in building and construction. However, a stronger economy in subsequent years, greater building activity and increased concrete demand contributed to improved operating conditions for sand and gravel quarries, driving industry output and investment in new quarry sites... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Gravel and Sand Quarrying industry is in a mature life cycle phase due to moderate industry revenue and value added growth rates in recent years. Over the ten years through 2018-19, industry value added is estimated to increase at an annualised 1.3%. This is almost half the expected growth rate of the whole economy over the same period, with GDP estimated to increase at an annualised 2.5% in the decade through 2018-19. The industry's lower growth in comparison to the overall economy is due to lower demand from a generally weak construction and building sector in the past five years.
The industry has, however, benefitted from steady growth in establishment numbers as the industry looks to expand and companies seek out high profit levels... purchase to read more