Asia-Pacific: Plaster Article Market 2024

Plaster Article Market Size in Asia-Pacific

The Asia-Pacific plaster article market rose to $X in 2022, picking up 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 throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plaster Article Production in Asia-Pacific

In value terms, plaster article production totaled $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 pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plaster Article Exports

Exports in Asia-Pacific

In 2022, overseas shipments of articles of plaster or of compositions based on plaster decreased by X% to X square meters, falling for the fourth year in a row after two years of growth. In general, exports recorded a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X square meters in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, plaster article exports rose modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X square meters) and China (X square meters) dominates exports structure, together achieving X% of total exports. The following exporters - Indonesia (X square meters), India (X square meters) and Australia (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 key exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest plaster article supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Thailand ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per square meter in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per square meter), while Indonesia ($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 China (X%), while the other leaders experienced mixed trends in the export price figures.

Plaster Article Imports

Imports in Asia-Pacific

In 2022, supplies from abroad of articles of plaster or of compositions based on plaster increased by X% to X square meters, rising for the second consecutive year after three years of decline. Total imports indicated a moderate 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 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X square meters in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, plaster article imports expanded sharply to $X in 2022. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

India was the major importer of articles of plaster or of compositions based on plaster in Asia-Pacific, with the volume of imports resulting at X square meters, which was approx. X% of total imports in 2022. New Zealand (X square meters) took the second position in the ranking, followed by Hong Kong SAR (X square meters), Singapore (X square meters), Vietnam (X square meters), Cambodia (X square meters), Malaysia (X square meters) and Myanmar (X square meters). All these countries together held near X% share of total imports. The Philippines (X square meters), Taiwan (Chinese) (X square meters), Nepal (X square meters), Australia (X square meters) and South Korea (X square meters) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to plaster article imports into India stood at X%. At the same time, New Zealand (X%), Nepal (X%), Myanmar (X%), South Korea (X%), Australia (X%), Malaysia (X%), Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Vietnam experienced a relatively flat trend pattern. By contrast, Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. India (X p.p.), New Zealand (X p.p.), Myanmar (X p.p.), Nepal (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Vietnam, the Philippines and Singapore saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported articles of plaster or of compositions based on plaster in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an X% share of total imports. It was followed by New Zealand, with an 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 New Zealand (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per square meter in 2022, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per square meter in 2021, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per square meter), while Taiwan (Chinese) ($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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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