Asia-Pacific: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Asia-Pacific

The Asia-Pacific prefabricated buildings market declined modestly to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Prefabricated Buildings Production in Asia-Pacific

In value terms, prefabricated buildings production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports in Asia-Pacific

In 2022, approx. X units of prefabricated buildings were exported in Asia-Pacific; surging by 11% on 2021 figures. The total export volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 39% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, prefabricated buildings exports surged to $X in 2022. Total exports indicated a strong expansion 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, exports increased by +86.9% against 2015 indices. The growth pace was the most rapid in 2013 when exports increased by 53% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X units, which was approx. 86% of total exports in 2022. It was distantly followed by Vietnam (X units), achieving a 4.9% share of total exports. South Korea (X units) took a minor share of total exports.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, South Korea (+10.1%) and Vietnam (+9.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.1% from 2012-2022. From 2012 to 2022, the share of China, Vietnam and South Korea increased by +2.9, +1.9 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prefabricated buildings supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 6% share of total exports.

In China, prefabricated buildings exports expanded at an average annual rate of +5.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+12.5% per year) and South Korea (+7.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by 19% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2018 an increase of 27% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.2%), while the other leaders experienced mixed trends in the export price figures.

Prefabricated Buildings Imports

Imports in Asia-Pacific

Prefabricated buildings imports surged to X units in 2022, increasing by 76% compared with the previous year. Over the period under review, imports continue to indicate a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings imports soared to $X in 2022. In general, imports recorded moderate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR was the largest importing country with an import of about X units, which reached 49% of total imports. It was distantly followed by Indonesia (X units), constituting a 24% share of total imports. The following importers - Australia (X units), Thailand (X units), Japan (X units), the Philippines (X units), Pakistan (X units), New Zealand (X units) and Singapore (X units) - together made up 17% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +52.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Hong Kong SAR ($X) and Australia ($X) were the countries with the highest levels of imports in 2022, together comprising 61% of total imports.

Hong Kong SAR, with a CAGR of +48.8%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Asia-Pacific stood at $X per unit in 2022, falling by -12% against the previous year. In general, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 when the import price increased by 26%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Philippines ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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