Eastern Asia: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Eastern Asia

For the third year in a row, the East Asian prepared additives for cements market recorded decline in sales value, which decreased by -5% to $X in 2022. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Eastern Asia

In value terms, prepared additives for cements production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period 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 2017 with an increase of 31%. As a result, production reached the peak level of $X; afterwards, it flattened through to 2022.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports in Eastern Asia

In 2022, shipments abroad of prepared additives for cements, mortars or concretes increased by 12% to X tons, rising for the third year in a row after two years of decline. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 67%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, prepared additives for cements exports reached $X in 2022. The total export value increased at an average annual rate of +3.5% over the period 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 2021 when exports increased by 26% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, reaching X tons, which was near 95% of total exports in 2022. South Korea (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the prepared additives for cements, mortars or concretes exports, with a CAGR of +16.4% from 2012 to 2022. At the same time, South Korea (+2.6%) displayed positive paces of growth. From 2012 to 2022, the share of China increased by +21 percentage points.

In value terms, China ($X) remains the largest prepared additives for cements supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was held by South Korea ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +5.2%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, declining by -4.2% against the previous year. Overall, the export price showed a abrupt downturn. The pace of growth appeared the most rapid in 2018 an increase of 30%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($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 South Korea (-1.3%).

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports in Eastern Asia

After three years of growth, overseas purchases of prepared additives for cements, mortars or concretes decreased by -4.5% to X tons in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 49%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports contracted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Hong Kong SAR represented the largest importing country with an import of about X tons, which resulted at 63% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), China (X tons), South Korea (X tons) and Macao SAR (X tons), together mixing up a 33% share of total imports. Japan (X tons) took a little share of total imports.

Hong Kong SAR was also the fastest-growing in terms of the prepared additives for cements, mortars or concretes imports, with a CAGR of +16.9% from 2012 to 2022. At the same time, Japan (+4.4%) displayed positive paces of growth. Taiwan (Chinese) and South Korea experienced a relatively flat trend pattern. By contrast, Macao SAR (-4.3%) and China (-5.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR increased by +41 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest prepared additives for cements importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 75% share of total imports. South Korea, Japan and Macao SAR lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, Japan, with a CAGR of +8.3%, recorded 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

In 2022, the import price in Eastern Asia amounted to $X per ton, waning by -7.7% against the previous year. In general, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2018 an increase of 33% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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