Asia-Pacific: Cement Clinker Market 2024

Cement Clinker Market Size in Asia-Pacific

The Asia-Pacific cement clinker market expanded remarkably to $X in 2022, with an increase of 5.4% against the previous year. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cement Clinker Production in Asia-Pacific

In value terms, cement clinker production expanded notably to $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 42%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cement Clinker Exports

Exports in Asia-Pacific

In 2022, shipments abroad of cement clinker decreased by -22.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 70% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then dropped rapidly in the following year.

In value terms, cement clinker exports shrank sharply to $X in 2022. Total exports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 79% against the previous year. The level of export peaked at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Vietnam was the key exporting country with an export of about X tons, which resulted at 53% of total exports. Indonesia (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (13%) and Japan (9.5%). South Korea (X tons) and Pakistan (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to cement clinker exports from Vietnam stood at +8.4%. At the same time, Indonesia (+53.0%) and Pakistan (+38.9%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +53.0% from 2012-2022. Japan and Thailand experienced a relatively flat trend pattern. By contrast, South Korea (-11.6%) illustrated a downward trend over the same period. Vietnam (+20 p.p.), Indonesia (+14 p.p.) and Pakistan (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Japan, Thailand and South Korea saw its share reduced by -3.5%, -5% and -13.5% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest cement clinker supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total exports. It was followed by Thailand, with a 14% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +5.0%. In the other countries, the average annual rates were as follows: Indonesia (+52.0% per year) and Thailand (-0.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, shrinking by -1.9% against the previous year. Over the period under review, the export price showed a slight slump. The growth pace was the most rapid in 2015 when the export price increased by 18%. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Indonesia ($X per ton) and South Korea ($X per ton), while Japan ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.1%), while the other leaders experienced a decline in the export price figures.

Cement Clinker Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of cement clinker decreased by -35.4% to X tons, falling for the second consecutive year after seven years of growth. Over the period under review, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 34% against the previous year. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, cement clinker imports dropped dramatically to $X in 2022. In general, imports, however, recorded a moderate increase. The most prominent rate of growth was recorded in 2018 with an increase of 48% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced rapidly in the following year.

Imports by Country

Bangladesh was the main importer of cement clinker in Asia-Pacific, with the volume of imports resulting at X tons, which was near 37% of total imports in 2022. China (X tons) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Australia (12%), the Philippines (9.3%), Taiwan (Chinese) (5%) and Sri Lanka (4.8%). India (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +50.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X), China ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, together comprising 70% of total imports.

China, with a CAGR of +56.9%, recorded the highest growth rate of 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 Asia-Pacific amounted to $X per ton, surging by 20% against the previous year. In general, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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