Asia-Pacific: Concrete Tile Market 2024

Concrete Tile Market Size in Asia-Pacific

The Asia-Pacific concrete tile market stood at $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Concrete Tile Production in Asia-Pacific

In value terms, concrete tile production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Concrete Tile Exports

Exports in Asia-Pacific

Concrete tile exports dropped modestly to X tons in 2022, flattening at the year before. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% 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 +18.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 58%. The volume of export peaked at X tons in 2021, and then fell in the following year.

In value terms, concrete tile exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 81% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

China represented the main exporter of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone in Asia-Pacific, with the volume of exports resulting at X tons, which was near 69% of total exports in 2022. It was distantly followed by Thailand (X tons) and India (X tons), together making up a 21% share of total exports. Vietnam (X tons) and Malaysia (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to concrete tile exports from China stood at +8.4%. At the same time, India (+32.7%), Thailand (+12.9%) and Vietnam (+10.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +32.7% from 2012-2022. By contrast, Malaysia (-8.6%) illustrated a downward trend over the same period. Thailand (+5.9 p.p.), China (+5 p.p.) and India (+5 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -13.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest concrete tile supplier in Asia-Pacific, comprising 82% of total exports. The second position in the ranking was taken by Thailand ($X), with a 7.4% share of total exports. It was followed by India, with a 7.1% share.

In China, concrete tile exports increased at an average annual rate of +20.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+27.7% per year) and India (+36.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 12% against the previous year. Over the period under review, the export price saw a strong expansion. The growth pace was the most rapid in 2014 when the export price increased by 71%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+13.0%), while the other leaders experienced more modest paces of growth.

Concrete Tile Imports

Imports in Asia-Pacific

Concrete tile imports expanded remarkably to X tons in 2022, increasing by 8% on 2021 figures. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 27%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, concrete tile imports expanded slightly to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.6% 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 +65.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 34%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the twelve major importers of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone, namely Hong Kong SAR, Singapore, Cambodia, China, Thailand, South Korea, Macao SAR, Taiwan (Chinese), Vietnam, Lao People's Democratic Republic, Malaysia and Australia, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined 41% share of total imports. Malaysia, Vietnam, Australia, Taiwan (Chinese), Singapore, Hong Kong SAR, Cambodia, Lao People's Democratic Republic and Macao SAR lagged somewhat behind, together accounting for a further 45%.

Vietnam, with a CAGR of +42.7%, recorded 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

In 2022, the import price in Asia-Pacific amounted to $X per ton, waning by -4.9% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete tile import price increased by +79.6% against 2015 indices. The growth pace was the most rapid in 2019 an increase of 22%. The level of import peaked at $X per ton in 2021, and then contracted 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 China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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