Eastern Asia: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Eastern Asia

In 2021, the East Asian market for prefabricated buildings of plastics, concrete or aluminium decreased by -3.2% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then reduced modestly in the following year.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in Eastern Asia

In value terms, production of prefabricated buildings of plastics, concrete or aluminium contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 25%. Over the period under review, production of attained the maximum level at $X in 2020, and then dropped modestly in the following year.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports in Eastern Asia

In 2021, exports of prefabricated buildings of plastics, concrete or aluminium in Eastern Asia expanded notably to X tons, picking up by 10% compared with 2020 figures. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +5.4% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 79% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium surged to $X in 2021. The total export value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates aluminium structure, reaching X tons, which was near 95% of total exports in 2021. South Korea (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to prefabricated buildings of plastics, concrete or aluminium exports from China stood at +2.9%. At the same time, South Korea (+10.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +10.9% from 2012-2021. South Korea (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -2.4% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest prefabricated buildings of plastics, concrete or aluminium supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was held by South Korea ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, rising by 7.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 50%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.0%).

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports in Eastern Asia

After two years of growth, purchases abroad of prefabricated buildings of plastics, concrete or aluminium decreased by -3% to X tons in 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 33%. As a result, imports reached the peak of X tons, and then reduced modestly in the following year.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium declined notably to $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 20%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Hong Kong SAR (X tons) and Japan (X tons) prevails in aluminium structure, together committing 80% of total imports. China (X tons) held the next position in the ranking, followed by Taiwan (Chinese) (X tons) and South Korea (X tons). All these countries together took approx. 18% share of total imports. Macao SAR (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Hong Kong SAR (with a CAGR of +20.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prefabricated buildings of plastics, concrete or aluminium importing markets in Eastern Asia were Japan ($X), China ($X) and Hong Kong SAR ($X), together accounting for 85% of total imports.

Hong Kong SAR, with a CAGR of +17.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, declining by -12.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 33%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform