Search Stories by: 
&/or
 

News, Industry News



The Australian sand and gravel quarrying market is recovering from the low industry growth experienced between 2010 and 2012.
The Australian sand and gravel quarrying market is recovering from the low industry growth experienced between 2010 and 2012.
 










Solid recovery for quarry market

The Australian gravel and sand quarrying market has made a “solid recovery”, with increasing construction activity continuing to drive revenue growth. 
IBISWorld’s Gravel and Sand Quarrying in Australia market research report stated that the sector had experienced limited growth in the five years through 2013–14. 

This was attributed to low building construction and weak increases in demand from concrete manufacturing companies. Other factors included difficult operating and economic conditions through 2010–11 and 2011–12 as building activity slowed in response to domestic economic uncertainty. 

However, a stronger economy in subsequent years, as well as increased building activity and concrete demand have contributed to improved operating conditions for sand and gravel quarries, driving industry output and revenue up in 2012–13 and 2013–14. 

According to the report, New South Wales, Victoria and Queensland were estimated to account for 79.9 per cent of industry establishments in 2013–14, and 81.7 per cent of industry revenue. 

The report also stated that the industry experienced an annual growth of 0.5 per cent from 2009 to 2014, with its 404 businesses accounting for $595 million in revenue and the direct employment of 2360 people. 

Source: IBISWorld 










enewsletter banner 1
advertisement








Thursday, 17 October, 2019 2:36am
login to my account
Username: Password:
Skyscraper 2 dupe
advertisement
Free Sign Up

Receive FREE newsletter and alerts


CONNECT WITH US
Bost Group
advertisement
Skyscraper 1
advertisement