Asia: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Asia

The Asian prepared additives for cements market shrank modestly to $X in 2022, waning by -4.9% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by +0.8% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Asia

In value terms, prepared additives for cements production shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports in Asia

In 2022, shipments abroad of prepared additives for cements, mortars or concretes increased by 11% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, prepared additives for cements exports stood at $X in 2022. The total export value increased at an average annual rate of +1.8% 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 2021 when exports increased by 28%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, finishing at X tons, which was approx. 82% of total exports in 2022. The following exporters - Turkey (X tons), South Korea (X tons), India (X tons) and the United Arab Emirates (X tons) - together made up 11% of total exports.

Exports from China increased at an average annual rate of +16.4% from 2012 to 2022. At the same time, India (+16.6%), Turkey (+8.3%) and South Korea (+2.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +16.6% from 2012-2022. By contrast, the United Arab Emirates (-2.5%) illustrated a downward trend over the same period. While the share of China (+32 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Korea (-3.6 p.p.) and the United Arab Emirates (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared additives for cements supplier in Asia, comprising 46% of total exports. The second position in the ranking was held by South Korea ($X), with a 13% share of total exports. It was followed by Turkey, with a 9.6% share.

In China, prepared additives for cements exports increased at an average annual rate of +5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (+1.3% per year) and Turkey (+7.2% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, reducing by -4.3% against the previous year. In general, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 when the export price increased by 17%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports in Asia

Prepared additives for cements imports declined modestly to X tons in 2022, with a decrease of -1.9% compared with the year before. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared additives for cements imports contracted slightly to $X in 2022. Over the period under review, imports showed a slight shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 9.1% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Hong Kong SAR (X tons), followed by Singapore (X tons), the Philippines (X tons) and India (X tons) represented the major importers of prepared additives for cements, mortars or concretes, together constituting 28% of total imports. Kuwait (X tons), Oman (X tons), Georgia (X tons), Indonesia (X tons), the United Arab Emirates (X tons), Israel (X tons), Vietnam (X tons), Thailand (X tons) and Iraq (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +16.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared additives for cements importing markets in Asia were India ($X), Indonesia ($X) and Israel ($X), together comprising 23% of total imports. The United Arab Emirates, Hong Kong SAR, Vietnam, Singapore, Thailand, Kuwait, the Philippines, Iraq, Georgia and Oman lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Georgia, with a CAGR of +11.8%, 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

The import price in Asia stood at $X per ton in 2022, surging by 1.8% against the previous year. Overall, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 20%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 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 India ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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