India: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

Market Size for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in India

The Indian market for building blocks and bricks of cement, concrete or artificial stone shrank modestly to $X in 2021, declining by -2.3% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in India

In value terms, production of building blocks and bricks of cement, concrete or artificial stone contracted modestly to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 64% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Exports from India

After two years of decline, shipments abroad of building blocks and bricks of cement, concrete or artificial stone increased by 57% to X tons in 2021. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 355%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone soared to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 723%. Over the period under review, the exports of hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from India, with a 68% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to the United States exceeded the volume sent to the second major destination, Maldives (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 3.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +198.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+21.3% per year) and the United Arab Emirates (+42.4% per year).

In value terms, the United States ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from India, comprising 92% of total exports. The second position in the ranking was held by Maldives ($X), with a 1.1% share of total exports. It was followed by the United Arab Emirates, with a 1% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +172.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (+16.8% per year) and the United Arab Emirates (+32.9% per year).

Export Prices by Country

In 2021, the average export price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, shrinking by -6.8% against the previous year. Over the period under review, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 an increase of 81% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+5.1%), while the prices for the other major destinations experienced a decline.

Imports of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone

Imports into India

In 2021, imports of building blocks and bricks of cement, concrete or artificial stone into India declined dramatically to X tons, shrinking by -17.2% against the year before. Over the period under review, imports saw a noticeable reduction. The pace of growth was the most pronounced in 2020 when imports increased by 123%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone dropped rapidly to $X in 2021. Overall, imports saw a perceptible slump. The growth pace was the most rapid in 2016 with an increase of 112% against the previous year. Over the period under review, imports of attained the peak figure at $X in 2020, and then shrank markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest building blocks and bricks of cement, concrete or artificial stone supplier to India, accounting for a 50% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Vietnam (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+40.7% per year) and Vietnam (+41.1% per year).

In value terms, China ($X), South Korea ($X) and the United Arab Emirates ($X) appeared to be the largest building blocks and bricks of cement, concrete or artificial stone suppliers to India, together accounting for 91% of total imports.

South Korea, with a CAGR of +61.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, waning by -30.4% against the previous year. Overall, the import price, however, showed modest growth. The most prominent rate of growth was recorded in 2016 an increase of 116%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+56.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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