Australia Plant Construction Cost Index
Subscribe & Adjust Industrial Plant Capital Costs in Australia over Time
Plant Construction Indexes (IC Indexes) are unbiased multipliers for instantaneously adjusting construction costs of industrial plants over time. These monthly series measure the changes in the average cost of constructing a manufacturing plant, with historical data and short-term forecasts available to predict trends.
IC indexes and key manufacturing cost factors in Australia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide.
Chart Description. The IC Index for Australia experienced a 5% increase in August 2019, up from the previous year's index value of 130, reaching a value of 136. This means that the average cost of constructing an industrial plant in Australia has risen by 5% during this period. For example, if the cost of building a plant in Australia was USD 100 million in August 2018, the 5% increase in the IC Index suggests that the same plant would cost approximately USD 105 million in August 2019.
Data Use. The monthly IC indexes series measure the change in the average cost at which a plant is constructed. All available IC indexes series start back in January 2000 (base period) when the indexes are set at 100 (base value). IC indexes and key manufacturing cost factors in Australia and up to 32 other countries are provided with the annual subscription to Intratec Industry Economics Worldwide. To better understand data provided check Intratec Industry Economics Worldwide Methodology .
Data Delivery Methods. IC Indexes are available via different delivery methods: (i) online charts; (ii) directly into Excel (using Intratec Add-in); or (iii) a web API (to facilitate integration with existing workflows).
Intratec Industry Economics Worldwide
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About IC Indexes. IC Indexes are based on a robust methodology, which involves gathering and processing a huge amount of data from several countries. The index reconciles prices trends of fundamental components of an industrial plant construction such as labor, material and energy, providing meaningful historical and forecast data for users.
IC Indexes are straightforward, handy tools for a series of purposes, like capex estimation, feasibility studies and investment analysis. Intratec Plant Construction Indexes cover as many as 33 countries, and are suitable for industrial plants from several sectors, spanning the fields of Oil & Energy, Fertilizers & Gases, Olefins & Derivatives, Aromatics & Derivatives, Alcohols & Organic Acids, Inorganic Chemicals, Polymers, Food & Nutrition, Metals & Mining, Pharmaceuticals and Water & Utilities.
About Australia Manufacturing Industry. Australia's economy is a robust and diverse powerhouse, known for its strong focus on both natural resource extraction and advanced manufacturing. With a well-developed mixed-market economy, Australia has leveraged its abundant natural resources, particularly in mining and agriculture, to become a leading exporter of commodities like iron ore, coal, and agricultural products. This resource-driven strength is complemented by a growing and innovative manufacturing sector, which contributes significantly to the country's GDP and export performance.
Australia's manufacturing industry is characterized by its high-quality production, advanced technology, and a focus on sectors such as automotive, aerospace, pharmaceuticals, and food processing. The country's manufacturing strength is supported by a skilled workforce, substantial investment in research and development, and a commitment to innovation and sustainability. Australia has also made significant strides in developing green technologies and renewable energy solutions, aligning its industrial growth with global environmental trends.
As Australia continues to navigate global economic challenges and embrace digital transformation, its manufacturing industry remains a key pillar of the economy. This sector not only bolsters Australia's economic resilience but also enhances its position as a competitive and sustainable industrial player on the global stage.
