Not exact matches
«Our
strong competitive positioning, combined with our additional low - cost
capacity and
strong balance sheet profile will allow us to capitalize on the expected recovery in the U.S. housing market and continued growth in our
export markets.»
In contrast,
export volumes decreased over this period, despite
strong global demand, as
capacity and infrastructure constraints and supply disruptions restricted growth; such supply - side factors have hampered
exports for a number of years, with resource export volumes now lower than during 2000 (see the chapter entitled «Australia's Resource Exports — Recent Trends and Prospects» in this Stat
exports for a number of years, with resource
export volumes now lower than during 2000 (see the chapter entitled «Australia's Resource
Exports — Recent Trends and Prospects» in this Stat
Exports — Recent Trends and Prospects» in this Statement).
While growth in volumes appears to have eased in the March quarter,
strong investment in the mining sector is expected to expand
capacity this year, which along with robust demand, should underpin firm growth in resource
exports over 2004.
And even in the
stronger performing components, supply constraints, including much - publicised
capacity constraints in rail and port infrastructure, have begun to hamper
export growth.
Looking forward, expansion in production
capacity for some resource commodities,
stronger commodity prices and the improvement in the global economy should provide a further boost to
export earnings over the coming year (see section on commodity prices and the terms of trade).
Exports are likely to continue their gradual recovery as a result of
stronger trading - partner growth, even though progress in this area will be dampened to some extent by the higher exchange rate now prevailing, and also by
capacity constraints in the resources sector.