Asia: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Asia

After six years of growth, the Asian market for building blocks and bricks of cement, concrete or artificial stone decreased by -2% to $X in 2021. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted modestly in the following year.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Asia

In value terms, production of building blocks and bricks of cement, concrete or artificial stone dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 24%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports in Asia

Exports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to X tons in 2021, increasing by 62% on the year before. Total exports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone soared to $X in 2021. In general, exports posted a prominent increase. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X tons) and China (X tons) dominates stone structure, together achieving 81% of total exports. It was distantly followed by Vietnam (X tons), constituting a 7.9% share of total exports. The following exporters - Malaysia (X tons) and India (X tons) - together made up 5.3% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest building blocks and bricks of cement, concrete or artificial stone supplier in Asia, comprising 61% of total exports. The second position in the ranking was held by Turkey ($X), with an 18% share of total exports. It was followed by India, with a 9.2% share.

In China, exports of building blocks and bricks of cement, concrete or artificial stone expanded at an average annual rate of +11.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (+1.8% per year) and India (+44.8% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, with an increase of 15% against the previous year. Export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for building blocks and bricks of cement, concrete or artificial stone increased by +68.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by 36%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the other leaders experienced more modest paces of growth.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports in Asia

In 2021, overseas purchases of building blocks and bricks of cement, concrete or artificial stone increased by 3.4% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, continue to indicate a mild downturn. The growth pace was the most rapid in 2013 when imports increased by 18% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone stood at $X in 2021. Overall, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X tons) and Iraq (X tons) were the main importers of building blocks and bricks of cement, concrete or artificial stone in Asia, together finishing at approx. 40% of total imports. Israel (X tons) held the next position in the ranking, followed by Kazakhstan (X tons), Macao SAR (X tons), Georgia (X tons) and Singapore (X tons). All these countries together held near 43% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of +60.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest building blocks and bricks of cement, concrete or artificial stone importing markets in Asia were Israel ($X), Iraq ($X) and Hong Kong SAR ($X), together accounting for 50% of total imports.

Among the main importing countries, Israel, with a CAGR of +43.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, surging by 8.2% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 13%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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