South-Eastern Asia: 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 South-Eastern Asia

The Southeast Asian cement prefabricated structural components market fell to $X in 2021, waning by -5.8% against the previous year. The total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 increased by +61.5% against 2012 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in South-Eastern Asia

In value terms, cement prefabricated structural components production shrank to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.7% against 2012 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

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

Exports in South-Eastern Asia

In 2021, approx. X tons of prefabricated structural components of cement, concrete or artificial stone were exported in South-Eastern Asia; increasing by 58% on the previous year's figure. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 60%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, cement prefabricated structural components exports surged to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Malaysia prevails in exports structure, amounting to X tons, which was approx. 90% of total exports in 2021. It was distantly followed by the Philippines (X tons), making up a 5.1% share of total exports. The following exporters - Vietnam (X tons) and Indonesia (X tons) - each amounted to a 3.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cement prefabricated structural components exports from Malaysia stood at +19.6%. At the same time, the Philippines (+182.2%) and Vietnam (+23.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +182.2% from 2012-2021. By contrast, Indonesia (-1.0%) illustrated a downward trend over the same period. The Philippines (+5.1 p.p.) and Malaysia (+4.4 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest cement prefabricated structural components supplier in South-Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by the Philippines ($X), with a 15% share of total exports. It was followed by Vietnam, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Malaysia stood at +19.4%. In the other countries, the average annual rates were as follows: the Philippines (+175.8% per year) and Vietnam (+34.8% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, surging by 8.2% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($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 (+9.4%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in South-Eastern Asia

Cement prefabricated structural components imports soared to X tons in 2021, with an increase of 26% compared with the year before. Overall, imports saw a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 114% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, cement prefabricated structural components imports surged to $X in 2021. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 122% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Singapore (X tons) was the main importer of prefabricated structural components of cement, concrete or artificial stone, comprising 67% of total imports. It was distantly followed by Indonesia (X tons), making up a 30% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to cement prefabricated structural components imports into Singapore stood at +24.0%. At the same time, Indonesia (+32.5%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +32.5% from 2012-2021. While the share of Indonesia (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-5.8 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in South-Eastern Asia, comprising 69% of total imports. The second position in the ranking was held by Indonesia ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at +25.2%.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, growing by 8.7% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while Indonesia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+0.9%).

Source: IndexBox Platform

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