Eastern Asia: 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 Eastern Asia

In 2021, after three years of growth, there was decline in the East Asian cement prefabricated structural components market, when its value decreased by -0.3% to $X. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

In value terms, cement prefabricated structural components production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 17%. The level of production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

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

Exports in Eastern Asia

In 2021, overseas shipments 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 continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 85%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, cement prefabricated structural components exports shrank slightly to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +10.3% against 2018 indices. The most prominent rate of growth was recorded in 2015 with an increase of 30%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of prefabricated structural components of cement, concrete or artificial stone, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the prefabricated structural components of cement, concrete or artificial stone exports, with a CAGR of +7.4% from 2012 to 2021. China (+2.1 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 cement prefabricated structural components supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +7.2%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, shrinking by -13.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 45%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

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 -0.2% per year.

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

Imports in Eastern Asia

In 2021, supplies from abroad of prefabricated structural components of cement, concrete or artificial stone increased by 5% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 52%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, cement prefabricated structural components imports shrank slightly to $X in 2021. In general, imports showed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Hong Kong SAR (X tons) was the main importer of prefabricated structural components of cement, concrete or artificial stone, comprising 78% of total imports. It was distantly followed by Macao SAR (X tons), generating a 16% share of total imports. The following importers - Japan (X tons) and Taiwan (Chinese) (X tons) - each recorded a 4.9% share of total imports.

Hong Kong SAR experienced a relatively flat trend pattern with regard to volume of imports of prefabricated structural components of cement, concrete or artificial stone. At the same time, Taiwan (Chinese) (+22.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +22.9% from 2012-2021. By contrast, Macao SAR (-2.9%) and Japan (-4.3%) illustrated a downward trend over the same period. Taiwan (Chinese) (+2 p.p.) and Hong Kong SAR (+2 p.p.) significantly strengthened its position in terms of the total imports, while Macao SAR saw its share reduced by -3.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in Eastern Asia, comprising 77% of total imports. The second position in the ranking was held by Macao SAR ($X), with an 8.4% share of total imports. It was followed by Japan, with a 7.4% share.

In Hong Kong SAR, cement prefabricated structural components imports expanded at an average annual rate of +6.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Macao SAR (+1.9% per year) and Japan (-2.5% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, dropping by -6.6% against the previous year. Import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cement prefabricated structural components import price increased by +31.3% against 2013 indices. The growth pace was the most rapid in 2013 an increase of 28% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 (+6.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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