Singapore: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2025

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

In 2021, the Singaporean market for building blocks and bricks of cement, concrete or artificial stone was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, faced a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

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

Exports from Singapore

After three years of decline, shipments abroad of building blocks and bricks of cement, concrete or artificial stone increased by 566% to X tons in 2021. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports of reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. In general, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 323%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from Singapore, with a 84% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to Malaysia exceeded the volume sent to the second major destination, Indonesia (X tons), sixfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-26.1% per year) and Taiwan (Chinese) (+221.0% per year).

In value terms, Malaysia ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from Singapore, comprising 82% of total exports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total exports. It was followed by Taiwan (Chinese), with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Malaysia totaled +4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-22.2% per year) and Taiwan (Chinese) (+115.7% per year).

Export Prices by Country

The average export price for building blocks and bricks of cement, concrete or artificial stone stood at $X per ton in 2021, declining by -64.2% against the previous year. Over the period under review, the export price saw a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of 151%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Maldives ($X per ton), while the average price for exports to Malaysia ($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 (+20.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Singapore

In 2021, after three years of decline, there was significant growth in supplies from abroad of building blocks and bricks of cement, concrete or artificial stone, when their volume increased by 41% to X tons. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 53%. Over the period under review, imports of attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. Overall, imports, however, saw a deep setback. The pace of growth was the most pronounced in 2015 when imports increased by 71% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Malaysia (X tons) was the main building blocks and bricks of cement, concrete or artificial stone supplier to Singapore, with a 96% share of total imports. It was followed by Vietnam (X tons), with a 0.9% share of total imports. The third position in this ranking was held by China (X tons), with a 0.8% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-29.3% per year) and China (-19.3% per year).

In value terms, Malaysia ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to Singapore, comprising 84% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.4% share of total imports. It was followed by China, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-22.2% per year) and China (-24.8% per year).

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, surging by 6% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 when the average import price increased by 39%. 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 failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Malaysia ($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 (+10.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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