Southern 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 Southern Asia

In 2021, after three years of growth, there was decline in the South Asian cement prefabricated structural components market, when its value decreased by -3.8% to $X. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +20.2% against 2017 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in Southern Asia

In value terms, cement prefabricated structural components production declined modestly to $X in 2021 estimated in export price. The total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +20.2% against 2017 indices. The most prominent rate of growth was recorded in 2015 with an increase of 77%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

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

Exports in Southern Asia

Cement prefabricated structural components exports rose sharply to X tons in 2021, increasing by 8.4% against the year before. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 298%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, cement prefabricated structural components exports shrank rapidly to $X in 2021. Overall, exports saw a perceptible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 224% against the previous year. The level of export peaked at $X in 2020, and then declined dramatically in the following year.

Exports by Country

India represented the largest exporter of prefabricated structural components of cement, concrete or artificial stone in Southern Asia, with the volume of exports accounting for X tons, which was near 63% of total exports in 2021. It was distantly followed by Pakistan (X tons), making up a 37% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +12.0%).

In value terms, India ($X) remains the largest cement prefabricated structural components supplier in Southern Asia, comprising 86% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 14% share of total exports.

In India, cement prefabricated structural components exports expanded at an average annual rate of +10.6% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, falling by -30.1% against the previous year. Over the period under review, the export price, however, enjoyed a notable increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 291% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices failed to regain momentum.

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 India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-1.2%).

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

Imports in Southern Asia

In 2021, purchases abroad of prefabricated structural components of cement, concrete or artificial stone decreased by -61.4% to X tons, falling for the third year in a row after five years of growth. In general, imports saw a pronounced setback. The pace of growth appeared the most rapid in 2016 when imports increased by 161% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components imports declined remarkably to $X in 2021. Overall, imports saw a drastic downturn. The pace of growth was the most pronounced in 2016 when imports increased by 70% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Maldives was the main importer of prefabricated structural components of cement, concrete or artificial stone in Southern Asia, with the volume of imports recording X tons, which was approx. 55% of total imports in 2021. India (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Sri Lanka (11%) and Pakistan (7.1%). Bangladesh (X tons) held a relatively small share of total imports.

Maldives was also the fastest-growing in terms of the prefabricated structural components of cement, concrete or artificial stone imports, with a CAGR of +26.2% from 2012 to 2021. Pakistan experienced a relatively flat trend pattern. Sri Lanka (-5.7%), India (-10.2%) and Bangladesh (-21.6%) illustrated a downward trend over the same period. While the share of Maldives (+50 p.p.) and Pakistan (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bangladesh (-10.9 p.p.) and India (-17.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cement prefabricated structural components importing markets in Southern Asia were Maldives ($X), India ($X) and Sri Lanka ($X), with a combined 91% share of total imports.

Maldives, with a CAGR of +30.2%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2019 when the import price increased by 126%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, 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 India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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