Asia-Pacific: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Asia-Pacific

In 2021, after four years of growth, there was decline in the Asia-Pacific market for tiles, flagstones and similar articles of cement, concrete or artificial stone, when its value decreased by -1.6% to $X. The market value increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted slightly in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Asia-Pacific

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2021 estimated in export price. The total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +32.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 24% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020, and then contracted in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in Asia-Pacific

Exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to X tons in 2021, rising by 24% on 2020. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2014 when exports increased by 41%. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 64%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

China represented the largest exporting country with an export of around X tons, which reached 59% of total exports. Thailand (X tons) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by India (11%) and Malaysia (7.2%). Vietnam (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to tiles, flagstones and similar articles of cement, concrete or artificial stone exports from China stood at +22.7%. At the same time, India (+35.5%), Thailand (+15.7%) and Vietnam (+8.4%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +35.5% from 2012-2021. By contrast, Malaysia (-4.0%) illustrated a downward trend over the same period. China (+28 p.p.), India (+8.6 p.p.) and Thailand (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -27.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Asia-Pacific, comprising 76% of total exports. The second position in the ranking was held by India ($X), with a 14% share of total exports. It was followed by Thailand, with a 4.5% share.

In China, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +25.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: India (+40.6% per year) and Thailand (+23.2% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 3.6% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +14.4% against 2019 indices. The pace of growth appeared the most rapid in 2013 an increase of 45%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in Asia-Pacific

In 2021, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone in Asia-Pacific rose markedly to X tons, surging by 12% compared with 2020 figures. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.4% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 42%. Over the period under review, imports of hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 48% against the previous year. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Singapore (X tons), Cambodia (X tons), Malaysia (X tons) and South Korea (X tons) represented roughly 53% of total imports in 2021. Vietnam (X tons) ranks next in terms of the total imports with a 7.5% share, followed by China (6.9%), Japan (6%), Australia (5.5%) and Lao People's Democratic Republic (5.5%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and China ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 49% of total imports.

Malaysia, with a CAGR of +45.9%, 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

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 13% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +70.0% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 20%. The level of import peaked in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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