Eastern Asia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Eastern Asia

The East Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone contracted slightly to $X in 2021, remaining stable against the previous year. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Eastern Asia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone reduced to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +1.9% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 38%. Over the period under review, production of reached the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in Eastern Asia

In 2021, approx. X tons of tiles, flagstones and similar articles of cement, concrete or artificial stone were exported in Eastern Asia; rising by 20% on the previous year. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 51% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 92% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X tons), together accounting for 99% of total export.

China was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone exports, with a CAGR of +22.7% from 2012 to 2021. China (+17 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 tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Eastern Asia.

In China, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +25.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, standing approx. at the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for tiles, flagstones and similar articles of cement, concrete or artificial stone increased by +4.6% against 2019 indices. The growth pace was the most rapid in 2013 when the export price increased by 28%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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 +1.9% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in Eastern Asia

Imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to X tons in 2021, growing by 18% against the previous year. The total import volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 32%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

South Korea represented the main importing country with an import of about X tons, which resulted at 39% of total imports. It was distantly followed by China (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons), together comprising a 60% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 84% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +22.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, growing by 5.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 when the import price increased by 9.3% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while Japan ($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 (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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