Southern Asia: Market for Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone 2024

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

The South Asian market for building blocks and bricks of cement, concrete or artificial stone reduced modestly to $X in 2021, approximately mirroring the previous year. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.4% 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 decreased by -2.3% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in Southern Asia

In value terms, production of building blocks and bricks of cement, concrete or artificial stone contracted to $X in 2021 estimated in export price. The total production indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -6.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 54%. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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

Exports in Southern Asia

In 2021, overseas shipments of building blocks and bricks 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. In general, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 269% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 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. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2018 with an increase of 636% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

India prevails in stone structure, finishing at X tons, which was approx. 93% of total exports in 2021. It was distantly followed by Sri Lanka (X tons), comprising a 4.6% share of total exports.

India was also the fastest-growing in terms of the building blocks and bricks of cement, concrete or artificial stone exports, with a CAGR of +32.0% from 2012 to 2021. At the same time, Sri Lanka (+12.7%) displayed positive paces of growth. India (+41 p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by -6.2% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest building blocks and bricks of cement, concrete or artificial stone supplier in Southern Asia, comprising 99% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 0.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +44.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, declining by -4.1% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 132%. Over the period under review, the export prices attained the maximum at $X per ton in 2020, and then dropped slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+9.7%).

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

Imports in Southern Asia

In 2021, supplies from abroad of building blocks and bricks of cement, concrete or artificial stone decreased by -23.5% to X tons, falling for the fourth consecutive year after three years of growth. Over the period under review, imports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 187% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone dropped significantly to $X in 2021. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 151%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Maldives was the main importer of building blocks and bricks of cement, concrete or artificial stone in Southern Asia, with the volume of imports amounting to X tons, which was near 60% of total imports in 2021. It was distantly followed by Bhutan (X tons), Bangladesh (X tons), Nepal (X tons) and India (X tons), together generating a 35% share of total imports. Afghanistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to building blocks and bricks of cement, concrete or artificial stone imports into Maldives stood at +17.0%. At the same time, Nepal (+40.7%) and Bangladesh (+25.8%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +40.7% from 2012-2021. By contrast, India (-3.6%), Bhutan (-9.4%) and Afghanistan (-33.0%) illustrated a downward trend over the same period. Maldives (+50 p.p.), Bangladesh (+8.3 p.p.) and Nepal (+8.1 p.p.) significantly strengthened its position in terms of the total imports, while Bhutan and Afghanistan saw its share reduced by -8% and -58.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest building blocks and bricks of cement, concrete or artificial stone importing markets in Southern Asia were Maldives ($X), India ($X) and Bangladesh ($X), together accounting for 71% of total imports. Nepal, Bhutan and Afghanistan lagged somewhat behind, together comprising a further 12%.

Nepal, with a CAGR of +47.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, surging by 3.9% against the previous year. In general, the import price, however, continues to indicate a noticeable slump. The pace of growth was the most pronounced in 2014 when the import price increased by 28%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Bhutan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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