Asia: 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

In 2021, after four years of growth, there was decline in the Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone, when its value decreased by -1.3% to $X. The market value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2020, and then fell slightly in the following year.

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

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 23%. Over the period under review, production of reached the peak level at $X in 2020, and then contracted slightly in the following year.

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

Exports in Asia

In 2021, after two years of decline, there was significant growth in overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone, when their volume increased by 18% to X tons. Over the period under review, exports saw a prominent expansion. The growth pace was the most rapid in 2015 when exports increased by 32%. Over the period under review, the exports of reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China was the major exporting country with an export of around X tons, which accounted for 49% of total exports. It was distantly followed by Thailand (X tons), India (X tons), Israel (X tons) and Malaysia (X tons), together comprising a 38% share of total exports. Saudi Arabia (X tons) and Turkey (X tons) followed a long way behind the leaders.

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, Saudi Arabia (+40.3%), India (+35.5%), Thailand (+15.7%), Turkey (+4.9%) and Israel (+1.8%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +40.3% from 2012-2021. By contrast, Malaysia (-4.0%) illustrated a downward trend over the same period. China (+29 p.p.), India (+7.6 p.p.), Thailand (+4.8 p.p.) and Saudi Arabia (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Turkey, Israel and Malaysia saw its share reduced by -2.2%, -8.2% and -16.6% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Asia, comprising 67% of total exports. The second position in the ranking was held by India ($X), with a 12% share of total exports. It was followed by Israel, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +25.1%. In the other countries, the average annual rates were as follows: India (+40.6% per year) and Israel (-7.0% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, rising by 7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2013 when the export price increased by 23% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+18.9%), 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

In 2021, after three years of decline, there was significant growth in overseas purchases of tiles, flagstones and similar articles of cement, concrete or artificial stone, when their volume increased by 7.4% to X tons. Total imports indicated noticeable growth from 2012 to 2021: its volume increased at an average annual rate of +4.6% 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 -27.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. Over the period under review, imports of hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +45.1% against 2014 indices. The growth pace was the most rapid in 2014 when imports increased by 25% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Imports by Country

The purchases of the four major importers of tiles, flagstones and similar articles of cement, concrete or artificial stone, namely Singapore, Cambodia, Malaysia and South Korea, represented more than third of total import. It was followed by Vietnam (X tons), China (X tons), Japan (X tons), Bahrain (X tons) and Lao People's Democratic Republic (X tons), together constituting a 28% share of total imports. Taiwan (Chinese) (X tons), Israel (X tons), the United Arab Emirates (X tons) and Saudi Arabia (X tons) took a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main 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, with a combined 45% share of total imports.

In terms of the main importing countries, Malaysia, with a CAGR of +45.9%, recorded the highest growth rate of 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

In 2021, the import price in Asia amounted to $X per ton, jumping by 15% against the previous year. Import price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. 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 +103.4% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 35% against the previous year. The level of import peaked in 2021 and is expected to retain 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 the United Arab Emirates ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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