Eastern Asia: Concrete Tile Market 2024

Concrete Tile Market Size in Eastern Asia

The East Asian concrete tile market amounted to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of +3.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Concrete Tile Production in Eastern Asia

In value terms, concrete tile production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 39% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Concrete Tile Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was decline in shipments abroad of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone, when their volume decreased by -3.8% to X tons. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 96% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell slightly in the following year.

In value terms, concrete tile exports expanded remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 with an increase of 102% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the one major exporters of tiles, flagstones, bricks and similar articles, 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 tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone exports, with a CAGR of +8.4% from 2012 to 2022. China (+2.8 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 concrete tile supplier in Eastern Asia.

In China, concrete tile exports expanded at an average annual rate of +20.3% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, picking up by 12% against the previous year. Overall, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2014 an increase of 91%. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.9% per year.

Concrete Tile Imports

Imports in Eastern Asia

In 2022, the amount of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone imported in Eastern Asia shrank slightly to X tons, which is down by -4.5% on 2021 figures. In general, imports recorded a noticeable descent. The most prominent rate of growth was recorded in 2014 with an increase of 34%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, concrete tile imports shrank to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 39% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Hong Kong SAR was the major importer of tiles, flagstones, bricks and similar articles, of cement, concrete or artificial stone in Eastern Asia, with the volume of imports accounting for X tons, which was near 33% of total imports in 2022. It was distantly followed by China (X tons), South Korea (X tons), Macao SAR (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together generating a 67% share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +10.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete tile importing markets in Eastern Asia were China ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 78% share of total imports.

South Korea, with a CAGR of +17.2%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by -3.1% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete tile import price increased by +47.6% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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