Asia: Concrete Pump Market 2024

Concrete Pump Market Size in Asia

In 2022, after two years of decline, there was growth in the Asian concrete pump market, when its value increased by X% to $X. Over the period under review, consumption, however, continues to indicate a abrupt decline. Over the period under review, the market attained the peak level at $X.2B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Concrete Pump Production in Asia

In value terms, concrete pump production declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed a deep downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X.3B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Concrete Pump Exports

Exports in Asia

Concrete pump exports rose notably to X units in 2022, picking up by X% against the previous year's figure. In general, exports, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, concrete pump exports rose notably to $X in 2022. Total exports indicated a buoyant 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 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China was the largest exporter of concrete pumps in Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. South Korea (X units) ranks second in terms of the total exports with a X% share, followed by India (X%) and Turkey (X%). The following exporters - Singapore (X units) and the United Arab Emirates (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to concrete pump exports from China stood at X%. At the same time, Turkey (X%), India (X%), South Korea (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), South Korea (X p.p.), Turkey (X p.p.) and India (X p.p.) increased significantly in terms of the total exports 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, South Korea ($X), Turkey ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Turkey, with a CAGR of X%, saw 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

In 2022, the export price in Asia amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while China ($X per unit) 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 more modest paces of growth.

Concrete Pump Imports

Imports in Asia

In 2022, purchases abroad of concrete pumps decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, concrete pump imports declined to $X in 2022. In general, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Saudi Arabia dominates imports structure, recording X units, which was near X% of total imports in 2022. It was distantly followed by Singapore (X units), achieving a X% share of total imports.

Saudi Arabia was also the fastest-growing in terms of the concrete pumps imports, with a CAGR of X% from 2012 to 2022. At the same time, Singapore (X%) displayed positive paces of growth. While the share of Saudi Arabia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported concrete pumps in Asia, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to X%.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, 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 Singapore ($X per unit), while Saudi Arabia stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%).

Source: IndexBox Platform

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