Asia: Plaster Article Market 2024

Plaster Article Market Size in Asia

The Asian plaster article market totaled $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Plaster Article Production in Asia

In value terms, plaster article production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Plaster Article Exports

Exports in Asia

In 2022, the amount of articles of plaster or of compositions based on plaster exported in Asia reduced to X square meters, falling by X% on the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. The volume of export peaked at X square meters in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, plaster article exports totaled $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Thailand (X square meters), China (X square meters) and Turkey (X square meters), together recording X% of total export. It was distantly followed by Saudi Arabia (X square meters) and Oman (X square meters), together making up a X% share of total exports. The following exporters - the United Arab Emirates (X square meters) and Uzbekistan (X square meters) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest plaster article supplying countries in Asia were China ($X), Turkey ($X) and Thailand ($X), together comprising X% of total exports. Saudi Arabia, Oman, the United Arab Emirates and Uzbekistan lagged somewhat behind, together comprising a further X%.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 square meter, increasing by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per square meter in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per square meter), while Oman ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Plaster Article Imports

Imports in Asia

In 2022, after ten years of growth, there was decline in overseas purchases of articles of plaster or of compositions based on plaster, when their volume decreased by X% to X square meters. Total imports indicated a buoyant increase from 2012 to 2022: its volume 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, imports increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X square meters in 2021, and then contracted modestly in the following year.

In value terms, plaster article imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Palestine represented the key importer of articles of plaster or of compositions based on plaster in Asia, with the volume of imports resulting at X square meters, which was near X% of total imports in 2022. It was distantly followed by India (X square meters), generating an X% share of total imports. Iraq (X square meters), Hong Kong SAR (X square meters), Qatar (X square meters), Kazakhstan (X square meters), Singapore (X square meters), Vietnam (X square meters), the United Arab Emirates (X square meters), Jordan (X square meters), Israel (X square meters), Cambodia (X square meters) and Kyrgyzstan (X square meters) followed a long way behind the leaders.

Imports into Palestine increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%), India (X%), Jordan (X%), Kyrgyzstan (X%), Qatar (X%), Hong Kong SAR (X%), Cambodia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. The United Arab Emirates, Iraq and Vietnam experienced a relatively flat trend pattern. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Palestine (X p.p.) and India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.), the United Arab Emirates (X p.p.), Vietnam (X p.p.), Iraq (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported articles of plaster or of compositions based on plaster in Asia, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

In India, plaster article imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Vietnam (X% per year).

Import Prices by Country

The import price in Asia stood at $X per square meter in 2022, growing by X% against the previous year. In general, the import price, however, saw a deep contraction. Over the period under review, import prices reached the peak figure at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per square meter), while Palestine (less than $X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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