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

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

The Chinese market for ready-mixed concrete and factory made mortars stood at $X in 2022, standing approx. at the previous year. In general, the total consumption indicated a moderate increase 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, consumption decreased by X% against 2020 indices. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of ready-mixed concrete and factory made mortars stood at $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase 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, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production of growth remained at a lower figure.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports from China

In 2022, shipments abroad of ready-mixed concrete and factory made mortars increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of ready-mixed concrete and factory made mortars amounted to $X in 2022. In general, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 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 somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for exports of ready-mixed concrete and factory made mortars from China, accounting for a X% share of total exports. Moreover, exports of ready-mixed concrete and factory made mortars to Hong Kong SAR exceeded the volume sent to the second major destination, Macao SAR (X tons), more than tenfold. The third position in this ranking was held by Indonesia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Indonesia (X% per year).

In value terms, Hong Kong SAR ($X) remains the key foreign market for ready-mixed concrete and factory made mortars exports from China, comprising X% of total exports. The second position in the ranking was taken by Macao SAR ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average export price for ready-mixed concrete and factory made mortars stood at $X per ton in 2022, dropping by X% against the previous year. In general, export price indicated tangible 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 increased by X% against 2016 indices. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports into China

In 2022, supplies from abroad of ready-mixed concrete and factory made mortars decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars shrank notably to $X in 2022. Over the period under review, total imports indicated a strong increase 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. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons), Malaysia (X tons) and Denmark (X tons) were the main suppliers of imports of ready-mixed concrete and factory made mortars to China, with a combined X% share of total imports. Canada, Italy, Belgium, Greece, Hong Kong SAR, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), Canada ($X) and Malaysia ($X) appeared to be the largest ready-mixed concrete and factory made mortar suppliers to China, with a combined X% share of total imports. Denmark, Italy, Greece, Belgium, Hong Kong SAR, France and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Greece, with a CAGR of X%, recorded 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 2022, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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