Asia-Pacific: Pre-Coated Aggregates Market 2024

Pre-Coated Aggregates Market Size in Asia-Pacific

The Asia-Pacific pre-coated aggregates market contracted rapidly to $X in 2022, declining by -25.7% against the previous year. Over the period under review, consumption recorded a measured expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Pre-Coated Aggregates Production in Asia-Pacific

In value terms, pre-coated aggregates production declined dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 88% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Pre-Coated Aggregates Exports

Exports in Asia-Pacific

In 2022, the amount of pre-coated aggregates exported in Asia-Pacific contracted markedly to X tons, reducing by -82.2% on the previous year's figure. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 617% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pre-coated aggregates exports fell notably to $X in 2022. Overall, exports recorded a sharp contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 802% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons), distantly followed by Malaysia (X tons), India (X tons) and Vietnam (X tons) were the main exporters of pre-coated aggregates, together creating 97% of total exports. Fiji (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -12.3%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest pre-coated aggregates supplier in Asia-Pacific, comprising 52% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total exports. It was followed by Malaysia, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -10.2%. In the other countries, the average annual rates were as follows: Vietnam (-27.3% per year) and Malaysia (-14.5% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of -36.8% against the previous year. Overall, the export price showed a mild curtailment. The most prominent rate of growth was recorded in 2013 when the export price increased by 77% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 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 ($X per ton), while India ($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 (+2.3%), while the other leaders experienced a decline in the export price figures.

Pre-Coated Aggregates Imports

Imports in Asia-Pacific

In 2022, purchases abroad of pre-coated aggregates decreased by -7.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports saw a perceptible slump. The pace of growth appeared the most rapid in 2016 when imports increased by 106%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, pre-coated aggregates imports reduced to $X in 2022. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Malaysia (X tons) was the main importer of pre-coated aggregates, committing 67% of total imports. It was distantly followed by Vietnam (X tons), making up a 21% share of total imports. The following importers - Bangladesh (X tons), Hong Kong SAR (X tons), Australia (X tons) and India (X tons) - each amounted to an 8.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to pre-coated aggregates imports into Malaysia stood at +2.4%. At the same time, Vietnam (+44.9%), Australia (+10.6%) and Hong Kong SAR (+3.5%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +44.9% from 2012-2022. By contrast, India (-8.1%) and Bangladesh (-21.9%) illustrated a downward trend over the same period. Malaysia (+24 p.p.), Vietnam (+20 p.p.) and Hong Kong SAR (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -20.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) constitutes the largest market for imported pre-coated aggregates in Asia-Pacific, comprising 77% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.9% share of total imports. It was followed by India, with a 3.2% share.

In Malaysia, pre-coated aggregates imports expanded at an average annual rate of +2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+21.0% per year) and India (-2.4% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 India ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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