Brickworks Ltd (BRKWF) 11.2200 $BRKWF Concrete
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Concrete Product Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld
PRWeb - Tue Jan 20, 1:01PM CST
Operators in the Concrete Product Manufacturing industry in Australia produce a wide range of products that are essential inputs into most construction markets. Industry products include pipes and box culverts, bricks and blocks, cement-based building boards, floor, wall and roofing tiles, precast panels and posts. The industry is subject to some competition from imports, with imports estimated to account for 7.2% of domestic demand in 2014-15, with this share is trending upwards over the long term. Industry export earnings are negligible. The industry is projected to generate revenue of $2.58 billion in 2014-15, up 2.8% on the previous year, but representing a decline by an annualised 1.5% over the five years through 2014-15. According to IBISWorld industry analyst Anthony Kelly, "the industry's performance has been influenced by divergent trends in the downstream construction markets". Manufacturers have benefited from strong demand for concrete products from the road construction, mining, railway, pipeline and water supply infrastructure markets. However, the industry's performance has been significantly contained by adverse investment trends in the key building markets, and reductions in the concrete tile and brick content of new housing construction.