China: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in China

In 2021, after three years of growth, there was decline in the Chinese cement prefabricated structural components market, when its value decreased by -1.2% to $X. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in China

In value terms, cement prefabricated structural components production fell slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 30% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from China

In 2021, shipments abroad of prefabricated structural components of cement, concrete or artificial stone increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 85% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, cement prefabricated structural components exports reduced to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.2% against 2018 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 35%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) was the main destination for cement prefabricated structural components exports from China, with a 39% share of total exports. Moreover, cement prefabricated structural components exports to Indonesia exceeded the volume sent to the second major destination, Bangladesh (X tons), sevenfold. The third position in this ranking was held by Qatar (X tons), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia totaled +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+74.4% per year) and Qatar (+68.2% per year).

In value terms, Indonesia ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from China, comprising 24% of total exports. The second position in the ranking was taken by Bangladesh ($X), with a 5.3% share of total exports. It was followed by Qatar, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia stood at +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+71.2% per year) and Qatar (+68.1% per year).

Export Prices by Country

In 2021, the average cement prefabricated structural components export price amounted to $X per ton, which is down by -13% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into China

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -4.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 113% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cement prefabricated structural components imports soared to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 423% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of cement prefabricated structural components to China, with a 70% share of total imports. Moreover, cement prefabricated structural components imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. Spain (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled -20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+36.3% per year) and Spain (+97.7% per year).

In value terms, the largest cement prefabricated structural components suppliers to China were Japan ($X), Germany ($X) and Spain ($X), together comprising 92% of total imports.

Spain, with a CAGR of +80.4%, saw the highest rates of growth with regard to the value of imports, in terms of 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 2021, the average cement prefabricated structural components import price amounted to $X per ton, increasing by 152% against the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2014 when the average import price increased by 1,043% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+39.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :