ASEAN: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in ASEAN

The ASEAN market for ready-mixed concrete and factory made mortars stood at $X in 2022, approximately mirroring the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in ASEAN

In value terms, production of ready-mixed concrete and factory made mortars amounted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in ASEAN

In 2022, overseas shipments of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the fourth year in a row after three years of decline. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, exports of ready-mixed concrete and factory made mortars expanded rapidly to $X in 2022. Total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

Malaysia represented the major exporting country with an export of around X tons, which reached X% of total exports. Thailand (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Thailand, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, waning by X% against the previous year. Overall, the export price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced a decline in the export price figures.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in ASEAN

In 2022, purchases abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, imports of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Singapore was the largest importer of ready-mixed concrete and factory made mortars in ASEAN, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. The Philippines (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons) and Myanmar (X tons). All these countries together took approx. X% share of total imports. The following importers - Lao People's Democratic Republic (X tons) and Indonesia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ready-mixed concrete and factory made mortar imports into Singapore stood at X%. At the same time, Myanmar (X%), Lao People's Democratic Republic (X%), the Philippines (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.), Myanmar (X p.p.), Vietnam (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ready-mixed concrete and factory made mortar importing markets in ASEAN were Singapore ($X), the Philippines ($X) and Vietnam ($X), together comprising X% of total imports. Indonesia, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together accounting for a further X%.

Myanmar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform