South-Eastern Asia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in South-Eastern Asia

After two years of growth, the Southeast Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by -2.3% to $X in 2021. Over the period under review, consumption saw a strong increase. Over the period under review, the market attained the peak level at $X in 2020, and then reduced in the following year.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in South-Eastern Asia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone shrank modestly to $X in 2021 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 31% against the previous year. Over the period under review, production of hit record highs at $X in 2020, and then dropped modestly in the following year.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in South-Eastern Asia

In 2021, overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 36%. Over the period under review, the exports of attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone skyrocketed to $X in 2021. Over the period under review, exports continue to indicate buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Thailand was the main exporter of tiles, flagstones and similar articles of cement, concrete or artificial stone in South-Eastern Asia, with the volume of exports amounting to X tons, which was near 65% of total exports in 2021. Malaysia (X tons) ranks second in terms of the total exports with a 24% share, followed by Vietnam (8%).

Thailand was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone exports, with a CAGR of +15.7% from 2012 to 2021. At the same time, Vietnam (+8.4%) displayed positive paces of growth. By contrast, Malaysia (-4.0%) illustrated a downward trend over the same period. Thailand (+36 p.p.) and Vietnam (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -33.7% from 2012 to 2021, respectively.

In value terms, Thailand ($X) remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in South-Eastern Asia, comprising 49% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 21% share of total exports.

In Thailand, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone increased at an average annual rate of +23.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (-1.5% per year) and Vietnam (+12.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the other leaders experienced more modest paces of growth.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in South-Eastern Asia

Imports of tiles, flagstones and similar articles of cement, concrete or artificial stone rose notably to X tons in 2021, with an increase of 6.4% compared with the year before. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 59% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone surged to $X in 2021. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 72%. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

In 2021, Singapore (X tons), Cambodia (X tons) and Malaysia (X tons) was the major importer of tiles, flagstones and similar articles of cement, concrete or artificial stone in South-Eastern Asia, mixing up 70% of total import. It was distantly followed by Vietnam (X tons) and Lao People's Democratic Republic (X tons), together comprising a 23% share of total imports. Thailand (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported tiles, flagstones and similar articles of cement, concrete or artificial stone in South-Eastern Asia, comprising 46% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 20% share of total imports. It was followed by Singapore, with an 11% share.

In Malaysia, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded at an average annual rate of +45.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (+45.4% per year) and Singapore (-1.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, surging by 13% against the previous year. Overall, the import price enjoyed a notable increase. The growth pace was the most rapid in 2019 when the import price increased by 47% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Malaysia ($X per ton), while Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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