Asia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Asia

The Asian market for ready-mixed concrete and factory made mortars amounted to $X.2B in 2022, approximately equating the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X.5B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Asia

In value terms, production of ready-mixed concrete and factory made mortars totaled $X.9B in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of reached the maximum level at $X.4B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Asia

In 2022, exports of ready-mixed concrete and factory made mortars in Asia skyrocketed to X tons, increasing by X% against the previous year. Total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

In 2022, China (X tons), distantly followed by Malaysia (X tons), Thailand (X tons), South Korea (X tons) and the United Arab Emirates (X tons) represented the major exporters of ready-mixed concrete and factory made mortars, together generating X% of total exports. The following exporters - India (X tons) and Turkey (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United Arab Emirates ($X) and Malaysia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, South Korea, Turkey and India lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, waning by X% against the previous year. Export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for ready-mixed concrete and factory made mortars decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Asia

For the third year in a row, Asia recorded growth in supplies from abroad of ready-mixed concrete and factory made mortars, which increased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period 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 X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, imports of ready-mixed concrete and factory made mortars rose to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Imports by Country

Singapore represented the key importer of ready-mixed concrete and factory made mortars in Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Kuwait (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Hong Kong SAR (X%), Cyprus (X%) and Taiwan (Chinese) (X%). Israel (X tons), Vietnam (X tons), Iraq (X tons), Myanmar (X tons), Oman (X tons), China (X tons) and Qatar (X tons) took a relatively small share of total imports.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%), Myanmar (X%), the Philippines (X%), Vietnam (X%), Iraq (X%), Oman (X%), Israel (X%), Kuwait (X%), Cyprus (X%) and Hong Kong SAR (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, China (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (X p.p.), the Philippines (X p.p.), Kuwait (X p.p.), Cyprus (X p.p.), Myanmar (X p.p.), Vietnam (X p.p.), Iraq (X p.p.), Israel (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (X p.p.), China (X p.p.), Qatar (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, the largest ready-mixed concrete and factory made mortar importing markets in Asia were Taiwan (Chinese) ($X), Singapore ($X) and Cyprus ($X), together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, 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 amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then dropped 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 Qatar ($X per ton), while Singapore ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :