U.S.: 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 the U.S.

In 2021, the U.S. market for building blocks and bricks of cement, concrete or artificial stone decreased by -0.7% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Building Blocks And Bricks Of Cement, Concrete Or Artificial Stone in the U.S.

In value terms, production of building blocks and bricks of cement, concrete or artificial stone reduced to $X in 2021. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 10% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from the U.S.

In 2021, overseas shipments of building blocks and bricks of cement, concrete or artificial stone decreased by -40.8% to X tons, falling for the third consecutive year after two years of growth. Overall, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of building blocks and bricks of cement, concrete or artificial stone rose notably to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 24%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Canada (X tons) was the main destination for exports of building blocks and bricks of cement, concrete or artificial stone from the United States, with a 80% share of total exports. Moreover, exports of building blocks and bricks of cement, concrete or artificial stone to Canada exceeded the volume sent to the second major destination, Italy (X tons), ninefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-27.2% per year) and Hong Kong SAR (+35.3% per year).

In value terms, Canada ($X) remains the key foreign market for building blocks and bricks of cement, concrete or artificial stone exports from the United States, comprising 81% of total exports. The second position in the ranking was held by Italy ($X), with an 8.5% share of total exports. It was followed by Hong Kong SAR, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.3% per year) and Hong Kong SAR (+74.0% per year).

Export Prices by Country

In 2021, the average export price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, increasing by 86% against the previous year. In general, the export price posted significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 573% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2021, the countries with the highest prices were Australia ($X per ton) and Japan ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) and Bahamas ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+31.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the U.S.

In 2021, approx. X tons of building blocks and bricks of cement, concrete or artificial stone were imported into the United States; waning by -4.3% against the previous year. In general, imports, however, showed a temperate increase. The growth pace was the most rapid in 2019 with an increase of 651%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of building blocks and bricks of cement, concrete or artificial stone skyrocketed to $X in 2021. Over the period under review, total imports indicated notable growth 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, imports increased by +6.9% against 2017 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 43% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Canada (X tons) constituted the largest building blocks and bricks of cement, concrete or artificial stone supplier to the United States, with a 73% share of total imports. Moreover, imports of building blocks and bricks of cement, concrete or artificial stone from Canada exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. The third position in this ranking was held by Mexico (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Canada stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+111.5% per year) and Mexico (+4.9% per year).

In value terms, Canada ($X) constituted the largest supplier of building blocks and bricks of cement, concrete or artificial stone to the United States, comprising 73% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total imports. It was followed by Mexico, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from Canada stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+102.6% per year) and Mexico (+5.3% per year).

Import Prices by Country

In 2021, the average import price for building blocks and bricks of cement, concrete or artificial stone amounted to $X per ton, growing by 23% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 581%. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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