Asia: Pre-Coated Aggregates Market 2024

Pre-Coated Aggregates Market Size in Asia

The Asian pre-coated aggregates market fell modestly to $X in 2022, with a decrease of -4% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Pre-Coated Aggregates Production in Asia

In value terms, pre-coated aggregates production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild downturn. The most prominent rate of growth was recorded in 2013 with an increase of 312% 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

In 2022, approx. X tons of pre-coated aggregates were exported in Asia; growing by 17% against the previous year's figure. Overall, exports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 200% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pre-coated aggregates exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a deep setback. The growth pace was the most rapid in 2019 when exports increased by 230%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by China (X tons), Malaysia (X tons) and India (X tons) represented the largest exporters of pre-coated aggregates, together comprising 95% of total exports. Vietnam (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of +103.9%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X) remains the largest pre-coated aggregates supplier in Asia, comprising 49% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 17% share of total exports. It was followed by Malaysia, with a 15% share.

In China, pre-coated aggregates exports decreased by an average annual rate of -10.2% over the period from 2012-2022. 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 amounted to $X per ton, reducing by -1.8% against the previous year. In general, the export price saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 288% 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the United Arab Emirates ($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

In 2022, overseas purchases of pre-coated aggregates decreased by -8.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 103% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pre-coated aggregates imports reduced to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 8.6%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X tons) represented the major importer of pre-coated aggregates, generating 57% of total imports. It was distantly followed by Vietnam (X tons), Oman (X tons) and Kuwait (X tons), together constituting a 35% share of total imports. The following importers - Bangladesh (X tons) and Hong Kong SAR (X tons) - each accounted for a 4.1% 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, Oman (+54.1%), Vietnam (+44.9%), Kuwait (+43.4%) and Hong Kong SAR (+3.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in Asia, with a CAGR of +54.1% from 2012-2022. By contrast, Bangladesh (-21.9%) illustrated a downward trend over the same period. While the share of Malaysia (+32 p.p.), Vietnam (+17 p.p.), Oman (+11 p.p.), Kuwait (+5.8 p.p.) and Hong Kong SAR (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-11.1 p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) constitutes the largest market for imported pre-coated aggregates in Asia, comprising 74% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 4.6% share of total imports. It was followed by Vietnam, with a 3.8% 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: Kuwait (+15.5% per year) and Vietnam (+21.0% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 71%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Oman ($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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