Asia-Pacific: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Asia-Pacific

The Asia-Pacific market for ready-mixed concrete and factory made mortars reached $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X.6B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Asia-Pacific

In value terms, production of ready-mixed concrete and factory made mortars shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production of attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Asia-Pacific

In 2022, the amount of ready-mixed concrete and factory made mortars exported in Asia-Pacific skyrocketed to X tons, jumping by X% compared with the year before. In general, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars rose rapidly to $X in 2022. Overall, exports saw buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, China (X tons), distantly followed by Malaysia (X tons), Thailand (X tons) and South Korea (X tons) were the main exporters of ready-mixed concrete and factory made mortars, together constituting X% of total exports. The following exporters - India (X tons) and Vietnam (X tons) - each resulted at a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest ready-mixed concrete and factory made mortar supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Malaysia ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

In China, exports of ready-mixed concrete and factory made mortars expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Asia-Pacific

In 2022, supplies from abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the third consecutive year after four years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of ready-mixed concrete and factory made mortars expanded notably to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

In 2022, Singapore (X tons) represented the largest importer of ready-mixed concrete and factory made mortars, mixing up X% of total imports. Australia (X tons) held the second position in the ranking, followed by the Philippines (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons). All these countries together took approx. X% share of total imports. The following importers - Vietnam (X tons), Myanmar (X tons), New Zealand (X tons), China (X tons), Lao People's Democratic Republic (X tons), Bangladesh (X tons), Indonesia (X tons) and New Caledonia (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to ready-mixed concrete and factory made mortar imports into Singapore stood at X%. At the same time, Taiwan (Chinese) (X%), Myanmar (X%), Lao People's Democratic Republic (X%), the Philippines (X%), Vietnam (X%), Australia (X%), Bangladesh (X%), New Zealand (X%), Indonesia (X%), New Caledonia (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. By contrast, China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, Taiwan (Chinese), the Philippines, Myanmar, Vietnam, Lao People's Democratic Republic and New Zealand increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the import price in Asia-Pacific amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

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 New Caledonia ($X per ton), while Singapore ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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