ASEAN: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in ASEAN

In 2021, the ASEAN market for prefabricated buildings of plastics, concrete or aluminium was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in ASEAN

In value terms, production of prefabricated buildings of plastics, concrete or aluminium stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 29%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports in ASEAN

In 2021, the amount of prefabricated buildings of plastics, concrete or aluminium exported in ASEAN surged to X tons, picking up by 15% against the previous year's figure. Over the period under review, exports recorded a moderate increase. The growth pace was the most rapid in 2013 when exports increased by 313%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium reached $X in 2021. Overall, exports continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2013 with an increase of 338% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Malaysia (X tons) and Vietnam (X tons) dominates aluminium structure, together generating 87% of total exports. The following exporters - Thailand (X tons), the Philippines (X tons), Indonesia (X tons) and Singapore (X tons) - together made up 12% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +22.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest prefabricated buildings of plastics, concrete or aluminium supplier in ASEAN, comprising 57% of total exports. The second position in the ranking was held by Malaysia ($X), with a 26% share of total exports. It was followed by the Philippines, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value in Vietnam stood at +13.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+4.1% per year) and the Philippines (+14.9% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, falling by -3.5% against the previous year. Overall, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2018 when the export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports in ASEAN

For the third year in a row, ASEAN recorded growth in purchases abroad of prefabricated buildings of plastics, concrete or aluminium, which increased by 5.1% to X tons in 2021. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when imports increased by 74% against the previous year. Over the period under review, imports of reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium rose remarkably to $X in 2021. Over the period under review, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 36%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Indonesia prevails in aluminium structure, accounting for X tons, which was approx. 71% of total imports in 2021. Thailand (X tons) held the second position in the ranking, followed by the Philippines (X tons) and Singapore (X tons). All these countries together took approx. 21% share of total imports. The following importers - Malaysia (X tons), Cambodia (X tons) and Myanmar (X tons) - together made up 6.7% of total imports.

Indonesia was also the fastest-growing in terms of the prefabricated buildings of plastics, concrete or aluminium imports, with a CAGR of +32.3% from 2012 to 2021. At the same time, Myanmar (+14.3%), Malaysia (+11.1%), the Philippines (+6.6%) and Thailand (+5.3%) displayed positive paces of growth. Cambodia experienced a relatively flat trend pattern. By contrast, Singapore (-11.5%) illustrated a downward trend over the same period. While the share of Indonesia (+55 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Cambodia (-3.4 p.p.), the Philippines (-3.9 p.p.), Thailand (-6 p.p.) and Singapore (-34.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported prefabricated buildings of plastics, concrete or aluminium in ASEAN, comprising 53% of total imports. The second position in the ranking was held by the Philippines ($X), with a 14% share of total imports. It was followed by Thailand, with a 9.7% share.

In Indonesia, imports of prefabricated buildings of plastics, concrete or aluminium expanded at an average annual rate of +24.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the Philippines (+17.3% per year) and Thailand (+2.7% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per ton, picking up by 4.6% against the previous year. Overall, the import price, however, saw a noticeable slump. The pace of growth was the most pronounced in 2018 when the import price increased by 31%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform