Eastern Asia: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Eastern Asia

In 2021, the East Asian market for building blocks and bricks of cement, concrete or artificial stone decreased by -2.7% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +30.2% against 2017 indices. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Eastern Asia

In value terms, production of building blocks and bricks of cement, concrete or artificial stone dropped to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +31.2% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 22%. The level of production peaked at $X in 2020, and then fell modestly in the following year.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports in Eastern Asia

In 2021, exports of building blocks and bricks of cement, concrete or artificial stone in Eastern Asia surged to X tons, rising by 28% compared with the previous year. Over the period under review, exports continue to indicate a mild increase. The growth pace was the most rapid in 2013 with an increase of 110% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone surged to $X in 2021. In general, exports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 101%. Over the period under review, the exports of attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, China (X tons) was the major exporter of building blocks and bricks of cement, concrete or artificial stone in Eastern Asia, making up 100% of total export.

China was also the fastest-growing in terms of the building blocks and bricks of cement, concrete or artificial stone exports, with a CAGR of +1.5% from 2012 to 2021. China (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest building blocks and bricks of cement, concrete or artificial stone supplier in Eastern Asia.

In China, exports of building blocks and bricks of cement, concrete or artificial stone expanded at an average annual rate of +11.1% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, increasing by 49% against the previous year. In general, the export price recorded a strong expansion. The growth pace was the most rapid in 2014 when the export price increased by 83% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +9.4% per year.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports in Eastern Asia

In 2021, the amount of building blocks and bricks of cement, concrete or artificial stone imported in Eastern Asia reduced to X tons, approximately reflecting 2020 figures. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone declined to $X in 2021. Overall, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 10%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Hong Kong SAR was the major importer of building blocks and bricks of cement, concrete or artificial stone in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 60% of total imports in 2021. Macao SAR (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together held approx. 35% share of total imports. The following importers - South Korea (X tons) and Japan (X tons) - together made up 4.4% of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -6.7% from 2012 to 2021. South Korea and Taiwan (Chinese) experienced a relatively flat trend pattern. Macao SAR (-5.2%) and Japan (-8.6%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+3.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported building blocks and bricks of cement, concrete or artificial stone in Eastern Asia, comprising 49% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 16% share.

In Hong Kong SAR, imports of building blocks and bricks of cement, concrete or artificial stone plunged by an average annual rate of -3.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-7.3% per year) and Taiwan (Chinese) (-0.9% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, dropping by -6.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 an increase of 37%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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