Eastern Asia: Market for Non-Refractory Clay Roofing Tiles 2024

Market Size for Non-Refractory Clay Roofing Tiles in Eastern Asia

In 2022, the East Asian non-refractory clay roofing tiles market decreased by -2% to $X, falling for the second year in a row after three years of growth. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Refractory Clay Roofing Tiles in Eastern Asia

In value terms, non-refractory clay roofing tiles production totaled $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 15%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Non-Refractory Clay Roofing Tiles

Exports in Eastern Asia

In 2022, shipments abroad of non-refractory clay roofing tiles increased by 245% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-refractory clay roofing tiles exports surged to $X in 2022. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X tons, which was approx. 95% of total exports in 2022. It was distantly followed by Japan (X tons), making up a 5.4% share of total exports.

China was also the fastest-growing in terms of the non-refractory clay roofing tiles exports, with a CAGR of +28.1% from 2012 to 2022. Japan (-2.6%) illustrated a downward trend over the same period. While the share of China (+43 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-39.9 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest non-refractory clay roofing tiles supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.8% share of total exports.

In China, non-refractory clay roofing tiles exports expanded at an average annual rate of +20.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with a decrease of -17.3% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2020 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.9%).

Imports of Non-Refractory Clay Roofing Tiles

Imports in Eastern Asia

In 2022, the amount of non-refractory clay roofing tiles imported in Eastern Asia dropped remarkably to X tons, which is down by -24.5% compared with the previous year's figure. In general, imports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 32% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, non-refractory clay roofing tiles imports contracted significantly to $X in 2022. Overall, imports recorded a mild slump. The pace of growth was the most pronounced in 2021 when imports increased by 36%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea represented the major importing country with an import of around X tons, which finished at 63% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a 21% share, followed by China (12%). Japan (X tons) held a little share of total imports.

South Korea was also the fastest-growing in terms of the non-refractory clay roofing tiles imports, with a CAGR of +3.8% from 2012 to 2022. China (-5.0%), Taiwan (Chinese) (-7.6%) and Japan (-11.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by +27 percentage points.

In value terms, South Korea ($X) constitutes the largest market for imported non-refractory clay roofing tiles in Eastern Asia, comprising 65% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by China, with an 11% share.

In South Korea, non-refractory clay roofing tiles imports expanded at an average annual rate of +6.9% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-7.9% per year) and China (-8.8% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by 8.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the import price increased by 9.2%. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in South Korea ($X per ton) and Taiwan (Chinese) ($X per ton), while China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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