India: 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 India

In 2021, after three years of growth, there was decline in the Indian cement prefabricated structural components market, when its value decreased by -1.5% to $X. In general, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +14.8% against 2017 indices. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

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

In value terms, cement prefabricated structural components production reduced modestly to $X in 2021 estimated in export price. Overall, the total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% 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 +14.6% against 2017 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 82%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

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

Exports from India

In 2021, shipments abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -10.7% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 545%. The exports peaked at X tons in 2020, and then dropped in the following year.

In value terms, cement prefabricated structural components exports shrank remarkably to $X in 2021. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,180%. Over the period under review, the exports hit record highs at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cement prefabricated structural components exports from India, with a 38% share of total exports. Moreover, cement prefabricated structural components exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X tons), threefold. Maldives (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+76.3% per year) and Maldives (-34.8% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from India, comprising 26% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Kuwait, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+52.2% per year) and Kuwait (+52.0% per year).

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, which is down by -20.3% against the previous year. Overall, the export price recorded a mild setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 215%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malta ($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 Maldives (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -78.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2019 when imports increased by 2,154%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, cement prefabricated structural components imports shrank sharply to $X in 2021. Overall, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2019 when imports increased by 1,179% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest cement prefabricated structural components supplier to India, accounting for a 77% share of total imports. Moreover, cement prefabricated structural components imports from Vietnam exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam stood at +126.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+33.1% per year) and China (-39.4% per year).

In value terms, Vietnam ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to India, comprising 75% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by the Czech Republic, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam amounted to +205.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.4% per year) and the Czech Republic (+14.4% per year).

Import Prices by Country

The average cement prefabricated structural components import price stood at $X per ton in 2021, picking up by 8.9% against the previous year. Overall, the import price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 25%. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+34.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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