Asia-Pacific: 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-Pacific

In 2021, after four years of growth, there was decline in the Asia-Pacific market for building blocks and bricks of cement, concrete or artificial stone, when its value decreased by -1.6% to $X. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then reduced slightly in the following year.

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

In value terms, production of building blocks and bricks of cement, concrete or artificial stone shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the production volume increased by 27%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

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

Exports in Asia-Pacific

In 2021, the amount of building blocks and bricks of cement, concrete or artificial stone exported in Asia-Pacific skyrocketed to X tons, jumping by 28% on the previous year. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 55%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone surged to $X in 2021. Over the period under review, exports continue to indicate resilient growth. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) represented the main exporter of building blocks and bricks of cement, concrete or artificial stone, constituting 72% of total exports. Vietnam (X tons) ranks second in terms of the total exports with a 15% share, followed by Malaysia (5.9%). India (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, India (+32.0%) and Vietnam (+10.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +32.0% from 2012-2021. By contrast, Malaysia (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam, China and India increased by +8.7, +7.6 and +3.7 percentage points, respectively.

In value terms, China ($X) remains the largest building blocks and bricks of cement, concrete or artificial stone supplier in Asia-Pacific, comprising 77% of total exports. The second position in the ranking was held by India ($X), with a 12% share of total exports. It was followed by Vietnam, with an 8% 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. In the other countries, the average annual rates were as follows: India (+44.8% per year) and Vietnam (+9.6% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, picking up by 34% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth was the most pronounced in 2014 an increase of 64%. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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-Pacific

After three years of decline, overseas purchases of building blocks and bricks of cement, concrete or artificial stone increased by 2.8% to X tons in 2021. Over the period under review, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone reached $X in 2021. Overall, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Hong Kong SAR represented the major importer of building blocks and bricks of cement, concrete or artificial stone in Asia-Pacific, with the volume of imports reaching X tons, which was near 42% of total imports in 2021. Macao SAR (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (9.7%), Taiwan (Chinese) (7.5%) and the Philippines (4.9%). The following importers - New Zealand (X tons) and Australia (X tons) - each resulted at a 6.4% share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -6.7% from 2012 to 2021. At the same time, the Philippines (+30.4%), Australia (+22.1%) and New Zealand (+12.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +30.4% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Macao SAR (-5.2%) and Singapore (-14.3%) illustrated a downward trend over the same period. The Philippines (+4.7 p.p.), Taiwan (Chinese) (+2.9 p.p.), New Zealand (+2.7 p.p.) and Australia (+2.7 p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR and Singapore saw its share reduced by -2.6% and -12.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported building blocks and bricks of cement, concrete or artificial stone in Asia-Pacific, comprising 28% of total imports. The second position in the ranking was held by the Philippines ($X), with a 9.4% share of total imports. It was followed by Taiwan (Chinese), with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hong Kong SAR stood at -3.6%. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+31.9% per year) and Taiwan (Chinese) (-0.9% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, declining by -2.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 36% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per ton), while Macao SAR ($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 more modest paces of growth.

Source: IndexBox Platform

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