ASEAN: Pre-Coated Aggregates Market 2024

Pre-Coated Aggregates Market Size in ASEAN

In 2022, the ASEAN pre-coated aggregates market decreased by -34.6% to $X, falling for the second year in a row after two years of growth. Overall, consumption recorded a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Pre-Coated Aggregates Production in ASEAN

In value terms, pre-coated aggregates production dropped markedly to $X in 2022 estimated in export price. In general, production showed a abrupt setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 177% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Pre-Coated Aggregates Exports

Exports in ASEAN

For the third consecutive year, ASEAN recorded growth in overseas shipments of pre-coated aggregates, which increased by 39% to X tons in 2022. Overall, exports, however, faced a deep reduction. The pace of growth was the most pronounced in 2013 when exports increased by 145%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pre-coated aggregates exports declined to $X in 2022. Over the period under review, exports, however, saw a significant curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 139%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia was the key exporter of pre-coated aggregates in ASEAN, with the volume of exports resulting at X tons, which was approx. 82% of total exports in 2022. It was distantly followed by Vietnam (X tons), constituting an 18% share of total exports.

Malaysia was also the fastest-growing in terms of the pre-coated aggregates exports, with a CAGR of -13.9% from 2012 to 2022. Vietnam (-20.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by +15 percentage points.

In value terms, the largest pre-coated aggregates supplying countries in ASEAN were Vietnam ($X) and Malaysia ($X).

Malaysia, with a CAGR of -14.5%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, waning by -32.9% against the previous year. Over the period under review, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2019 when the export price increased by 176% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%).

Pre-Coated Aggregates Imports

Imports in ASEAN

After five years of growth, purchases abroad of pre-coated aggregates decreased by -3.9% to X tons in 2022. Total imports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +133.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 76%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, pre-coated aggregates imports reduced slightly to $X in 2022. Total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +118.8% against 2016 indices. The pace of growth was the most pronounced in 2017 when imports increased by 58% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia represented the major importer of pre-coated aggregates in ASEAN, with the volume of imports reaching X tons, which was approx. 75% of total imports in 2022. It was distantly followed by Vietnam (X tons), generating a 23% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pre-coated aggregates imports into Malaysia stood at +2.4%. At the same time, Vietnam (+44.9%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +44.9% from 2012-2022. From 2012 to 2022, the share of Vietnam increased by +22 percentage points.

In value terms, Malaysia ($X) constitutes the largest market for imported pre-coated aggregates in ASEAN, comprising 92% of total imports. The second position in the ranking was held by Vietnam ($X), with a 4.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Malaysia totaled +2.0%.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 2.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.4%).

Source: IndexBox Platform