South-Eastern Asia: Cement Clinker Market 2024

Cement Clinker Market Size in South-Eastern Asia

The Southeast Asian cement clinker market stood at $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 8.1% against the previous year. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Cement Clinker Production in South-Eastern Asia

In value terms, cement clinker production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 13% against the previous year. Over the period under review, production reached the peak level at $X in 2021, and then fell slightly in the following year.

Cement Clinker Exports

Exports in South-Eastern Asia

In 2022, shipments abroad of cement clinker decreased by -17.1% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 131% against the previous year. The volume of export peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, cement clinker exports shrank sharply to $X in 2022. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank significantly in the following year.

Exports by Country

Vietnam was the largest exporting country with an export of about X tons, which accounted for 64% of total exports. It was distantly followed by Indonesia (X tons) and Thailand (X tons), together constituting a 34% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cement clinker exports from Vietnam stood at +8.4%. At the same time, Indonesia (+53.0%) and Malaysia (+1.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +53.0% from 2012-2022. Thailand experienced a relatively flat trend pattern. From 2012 to 2022, the share of Indonesia and Vietnam increased by +17 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest cement clinker supplier in South-Eastern Asia, comprising 64% of total exports. The second position in the ranking was held by Indonesia ($X), with an 18% share of total exports. It was followed by Thailand, with a 17% share.

In Vietnam, cement clinker exports increased at an average annual rate of +5.0% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Indonesia (+52.0% per year) and Thailand (-0.4% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, shrinking by -5.8% against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Indonesia ($X per ton), while Vietnam ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.5%), while the other leaders experienced a decline in the export price figures.

Cement Clinker Imports

Imports in South-Eastern Asia

In 2022, supplies from abroad of cement clinker decreased by -2.2% to X tons, falling for the fourth year in a row after two years of growth. In general, imports showed a pronounced decline. The pace of growth was the most pronounced in 2014 with an increase of 23%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, cement clinker imports rose markedly to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 20%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X tons) represented the main importer of cement clinker, achieving 78% of total imports. Malaysia (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (4.7%). Brunei Darussalam (X tons) held a minor share of total imports.

The Philippines was also the fastest-growing in terms of the cement clinker imports, with a CAGR of +16.7% from 2012 to 2022. Brunei Darussalam (-6.0%), Vietnam (-6.9%) and Malaysia (-15.1%) illustrated a downward trend over the same period. The Philippines (+66 p.p.) significantly strengthened its position in terms of the total imports, while Vietnam and Malaysia saw its share reduced by -2.4% and -32.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported cement clinker in South-Eastern Asia, comprising 80% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 9% share of total imports. It was followed by Vietnam, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value in the Philippines totaled +16.4%. In the other countries, the average annual rates were as follows: Malaysia (-17.0% per year) and Vietnam (-6.1% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, picking up by 13% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Brunei Darussalam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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