South-Eastern Asia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in South-Eastern Asia

The Southeast Asian market for ready-mixed concrete and factory made mortars stood at $X in 2022, approximately reflecting the previous year. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in South-Eastern Asia

In value terms, production of ready-mixed concrete and factory made mortars stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in South-Eastern Asia

In 2022, overseas shipments of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the fourth consecutive year after three years of decline. Overall, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, exports of ready-mixed concrete and factory made mortars rose significantly to $X in 2022. Total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Malaysia was the main exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Thailand (X tons) and Vietnam (X tons), together achieving a X% share of total exports. Indonesia (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ready-mixed concrete and factory made mortar supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Vietnam ($X), with a combined X% share of total exports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Malaysia ($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 (X%), while the other leaders experienced a decline in the export price figures.

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in South-Eastern Asia

In 2022, purchases abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the third year in a row after four years of decline. Overall, imports saw strong growth. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of ready-mixed concrete and factory made mortars skyrocketed to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Singapore was the key importer of ready-mixed concrete and factory made mortars in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. The Philippines (X tons) ranks second in terms of the total imports with a X% share, followed by Vietnam (X%) and Myanmar (X%). Lao People's Democratic Republic (X tons) and Indonesia (X tons) followed a long way behind the leaders.

Imports into Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Lao People's Democratic Republic (X%), the Philippines (X%), Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of the Philippines (X p.p.), Myanmar (X p.p.), Vietnam (X p.p.) and Lao People's Democratic Republic (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ready-mixed concrete and factory made mortar importing markets in South-Eastern Asia were Singapore ($X), the Philippines ($X) and Vietnam ($X), together accounting for X% of total imports. Indonesia, Myanmar and Lao People's Democratic Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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