ASEAN: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in ASEAN

The ASEAN cement prefabricated structural components market fell to $X in 2021, with a decrease of -5.8% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.5% against 2012 indices. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in ASEAN

In value terms, cement prefabricated structural components production fell to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.7% against 2012 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 30%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports in ASEAN

Cement prefabricated structural components exports surged to X tons in 2021, rising by 58% against the year before. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 60% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, cement prefabricated structural components exports soared to $X in 2021. In general, exports posted resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia dominates exports structure, reaching X tons, which was approx. 90% of total exports in 2021. It was distantly followed by the Philippines (X tons), constituting a 5.1% share of total exports. The following exporters - Vietnam (X tons) and Indonesia (X tons) - each resulted at a 3.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cement prefabricated structural components exports from Malaysia stood at +19.6%. At the same time, the Philippines (+182.2%) and Vietnam (+23.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +182.2% from 2012-2021. By contrast, Indonesia (-1.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines and Malaysia increased by +5.1 and +4.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest cement prefabricated structural components supplier in ASEAN, comprising 75% of total exports. The second position in the ranking was held by the Philippines ($X), with a 15% share of total exports. It was followed by Vietnam, with a 5.8% share.

In Malaysia, cement prefabricated structural components exports expanded at an average annual rate of +19.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+175.8% per year) and Vietnam (+34.8% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per ton, rising by 8.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by 24% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+9.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports in ASEAN

In 2021, imports of prefabricated structural components of cement, concrete or artificial stone in ASEAN surged to X tons, growing by 26% on 2020. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 114%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, cement prefabricated structural components imports skyrocketed to $X in 2021. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 122% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Singapore (X tons) was the main importer of prefabricated structural components of cement, concrete or artificial stone, achieving 67% of total imports. It was distantly followed by Indonesia (X tons), creating a 30% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cement prefabricated structural components imports into Singapore stood at +24.0%. At the same time, Indonesia (+32.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +32.5% from 2012-2021. While the share of Indonesia (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-5.8 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in ASEAN, comprising 69% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 25% share of total imports.

In Singapore, cement prefabricated structural components imports expanded at an average annual rate of +25.2% over the period from 2012-2021.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2021, with an increase of 8.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.9%).

Source: IndexBox Platform