Industry Analysis & Industry Trends
Across Australia's Sand and Gravel Quarrying industry, revenue growth has been limited in the five years through 2013-14 due to low building construction growth and weak increases in demand from concrete manufacturing companies. Low industry growth has been the result of difficult operating and economic conditions through 2010-11 and 2011-12 as building activity slowed in response to domestic economic uncertainty, which 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 revenue in 2012-13 and 2013-14... 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 10 years through 2018-19, industry value added (the industry's contribution to national GDP) 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 2.6% over the same period. The industry's lower growth compared with the overall economy is due to lower demand from a generally weak construction and building sector in the past five years.
Industry establishment numbers have grown only slightly, despite output growth from 2011-12 through 2013-14 and high profit levels... purchase to read more