Philippines: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2025

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the Philippines

After three years of growth, the Philippine cement prefabricated structural components market decreased by -12.5% to $X in 2021. Overall, consumption, however, saw buoyant growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank in the following year.

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

In value terms, cement prefabricated structural components production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2016 when the production volume increased by 57%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

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

Exports from the Philippines

For the fifth consecutive year, the Philippines recorded growth in shipments abroad of prefabricated structural components of cement, concrete or artificial stone, which increased by 88% to X tons in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 532%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, cement prefabricated structural components exports surged to $X in 2021. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2015 with an increase of 871%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Japan (X tons) was the main destination for cement prefabricated structural components exports from the Philippines, with a 87% share of total exports. Moreover, cement prefabricated structural components exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +338.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+514.3% per year) and Italy (0.0% per year).

In value terms, Japan ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from the Philippines, comprising 87% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan totaled +336.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+333.8% per year) and Italy (0.0% per year).

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, rising by 19% against the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 276% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Italy ($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 Japan (-0.6%).

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

Imports into the Philippines

In 2021, supplies from abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -46% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 185%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, cement prefabricated structural components imports shrank rapidly to $X in 2021. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 166% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cement prefabricated structural components to the Philippines, accounting for a 83% share of total imports. Moreover, cement prefabricated structural components imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold. The third position in this ranking was taken by Japan (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-20.1% per year) and Japan (+85.0% per year).

In value terms, China ($X) constituted the largest supplier of prefabricated structural components of cement, concrete or artificial stone to the Philippines, comprising 83% of total imports. The second position in the ranking was held by Vietnam ($X), with an 8.8% share of total imports. It was followed by Japan, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-12.6% per year) and Japan (+44.3% per year).

Import Prices by Country

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, increasing by 7.1% against the previous year. In general, the import price recorded a tangible increase. The growth pace was the most rapid in 2019 when the average import price increased by 49% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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