Asia: Prefabricated Buildings Market 2024

Prefabricated Buildings Market Size in Asia

The Asian prefabricated buildings market declined slightly to $X in 2022, falling by -3% against the previous year. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.1% against 2020 indices. 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

In value terms, prefabricated buildings production declined slightly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 23% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Prefabricated Buildings Exports

Exports in Asia

In 2022, approx. X units of prefabricated buildings were exported in Asia; increasing by 7.9% on 2021. The total export volume 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 most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings exports soared to $X in 2022. Total exports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +73.4% against 2016 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 37% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 71% of total exports in 2022. It was distantly followed by Turkey (X units), achieving an 8.1% share of total exports. Vietnam (X units), Israel (X units), the United Arab Emirates (X units) and South Korea (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.2% from 2012 to 2022. At the same time, South Korea (+10.1%), Vietnam (+9.1%) and Israel (+4.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +10.1% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.7%) illustrated a downward trend over the same period. While the share of China (+10 p.p.) and Vietnam (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-2.9 p.p.) and Turkey (-3.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prefabricated buildings supplier in Asia, comprising 68% of total exports. The second position in the ranking was taken by Turkey ($X), with a 6.9% share of total exports. It was followed by Israel, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value in China totaled +5.9%. In the other countries, the average annual rates were as follows: Turkey (+0.7% per year) and Israel (+7.6% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, surging by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2018 an increase of 23% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+3.4%), while the other leaders experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports in Asia

In 2022, the amount of prefabricated buildings imported in Asia soared to X units, with an increase of 57% on the previous year's figure. Overall, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings imports soared to $X in 2022. The total import value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hong Kong SAR represented the key importing country with an import of about X units, which recorded 45% of total imports. It was distantly followed by Indonesia (X units), constituting a 23% share of total imports. Thailand (X units), Japan (X units), the Philippines (X units), the United Arab Emirates (X units), Pakistan (X units), Kazakhstan (X units) and Uzbekistan (X units) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +52.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prefabricated buildings importing markets in Asia were Indonesia ($X), Hong Kong SAR ($X) and the Philippines ($X), with a combined 50% share of total imports.

Hong Kong SAR, with a CAGR of +48.8%, saw the highest rates of growth with regard to 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 stood at $X per unit in 2022, waning by -16.1% against the previous year. In general, the import price recorded a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the import price increased by 14% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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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