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

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

The Chinese prepared additives for cements market reduced to $X in 2022, falling by -11.3% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

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

In value terms, prepared additives for cements production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from China

In 2022, overseas shipments of prepared additives for cements, mortars or concretes increased by 14% to X tons, rising for the third year in a row after two years of decline. In general, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 80% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, prepared additives for cements exports surged to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +52.7% against 2020 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 38% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), the United States (X tons) and the Philippines (X tons) were the main destinations of prepared additives for cements exports from China, together comprising 35% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +46.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared additives for cements exported from China were Indonesia ($X), Saudi Arabia ($X) and Malaysia ($X), with a combined 22% share of total exports. South Korea, Thailand, Kuwait, Singapore, Egypt, the United States, the Philippines and Japan lagged somewhat behind, together accounting for a further 21%.

South Korea, with a CAGR of +23.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average prepared additives for cements export price amounted to $X per ton, growing by 4.7% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 38%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+12.8%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into China

In 2022, supplies from abroad of prepared additives for cements, mortars or concretes decreased by -35.8% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt contraction. The growth pace was the most rapid in 2020 when imports increased by 30% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared additives for cements imports shrank significantly to $X in 2022. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of prepared additives for cements imports to China, together comprising 60% of total imports. South Korea, Greece, Canada, Japan and France lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +444.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared additives for cements suppliers to China were Germany ($X), the United States ($X) and Canada ($X), with a combined 60% share of total imports. Norway, South Korea, France, Japan and Greece lagged somewhat behind, together accounting for a further 21%.

Greece, with a CAGR of +422.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average prepared additives for cements import price amounted to $X per ton, jumping by 23% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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