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Domestic price of concrete, cement and sand in Australia - Data and Analysis (1990-2032)
IBISWorld anticipates the domestic price of concrete, cement and sand to dip by 1.0% in 2024-25 to 133.9 index points. Recent ABS data reveals that total residential dwelling approvals declined by 0.9% in December 2024, with approvals for detached houses falling by 2.8% to 8,860. Several key factors drive this downturn. According to CoreLogic research, construction costs have surged by over 30.0% in the past four to five years, significantly eroding developer profit margins and rendering many projects financially unviable. Also, labour shortages in the construction sector exacerbate delays as the supply of skilled workers fails to meet demand. Competition from non-residential projects further diverts resources from residential developments. These factors are anticipated to weigh domestic prices for key construction materials like concrete, cement and sand in 2024-25. To address these issues, the Housing Industry Association recommended that the government take steps to eliminate obstacles hindering the increase of housing supply, reduce expenses related to making land ready for development and tackle the burdens posed by taxes and labour supply shortages.Offsetting this decline is significant government investment in infrastructure. Both state and federal levels are actively funding shovel-ready projects, including the ongoing Bruce Highway Upgrade in Queensland and various renewable energy initiatives. Western Australia is also poised to become a leading state for engineering construction because of a rebounding mining sector, with major projects shifting from metropolitan to regional areas. Increased infrastructure spending by state and federal governments, attempting to drive economic growth, is expected to rise heavy and civil engineering construction sector activity over the five years through 2024-25. Heightened investment in infrastructure has drived up the prices of concrete, cement and sand over the period. Overall, IBISWorld expects the domestic price of concrete, cement and sand to push up at a compound annual rate of 4.3% over the five years through 2024-25.
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Domestic price of concrete, cement and sand
1990-2032
Estimated Value in 2025
XX
2020-25 CAGR XX%
2024-25 Change XX%
Forecast Value in 2032
XX
2025-32 CAGR XX%
2025-26 Change XX%
This report analyses the domestic price of concrete, cement and sand. These materials are major inputs in both residential and non-residential construction. This report uses the producer price sub-index for concrete, cement and sand, sourced from the Australian Bureau of Statistics (ABS). The ABS calculates prices in the state capital cities and takes a weighted average of these prices to calculate the index. The data is converted from quarterly to annual data using the index average for the four quarters of each financial year. The data is measured in index points and has a base year of 2011-12.
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Related Industries
| Industry | Country | Last 5-yr CAGR | Forecast 5-year CAGR | Revenue |
|---|---|---|---|---|
| Gravel and Sand Quarrying in Australia |
|
XX% | XX% | $XX |
| Rock, Limestone and Clay Mining in Australia |
|
XX% | XX% | $XX |
| Port Construction in Australia |
|
XX% | XX% | $XX |
| Ready-Mixed Concrete Manufacturing in Australia |
|
XX% | XX% | $XX |
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Frequently Asked Questions
What was the domestic price of concrete, cement and sand in Australia in 2025?
The domestic price of concrete, cement and sand in Australia in 2025 was 133.9 index points.
How has the domestic price of concrete, cement and sand in Australia changed in 2025?
The domestic price of concrete, cement and sand in Australia grew by 4.26% in 2025.
What was the forecast growth rate of domestic price of concrete, cement and sand in Australia over the next five years?
IBISWorld’s data and analysis on domestic price of concrete, cement and sand in Australia includes forecasted growth rates over the next five years.
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