Asia-Pacific: Cement Pipe Market 2023

Cement Pipe Market Size in Asia-Pacific

The Asia-Pacific cement pipe market declined modestly to $X in 2022, which is down by -2.8% against the previous year. The market value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Cement Pipe Production in Asia-Pacific

In value terms, cement pipe production contracted slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Cement Pipe Exports

Exports in Asia-Pacific

In 2022, the amount of pipes and other articles of cement exported in Asia-Pacific contracted to X tons, remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +4.7% 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 exports increased by 24%. The volume of export peaked at X tons in 2021, and then reduced modestly in the following year.

In value terms, cement pipe exports declined to $X in 2022. In general, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

Malaysia (X tons) and China (X tons) represented roughly 73% of total exports in 2022. Vietnam (X tons) ranks next in terms of the total exports with an 11% share, followed by India (8.7%). The following exporters - Thailand (X tons) and South Korea (X tons) - each finished at a 3.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +19.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest cement pipe supplier in Asia-Pacific, comprising 69% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by India, with a 6.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +17.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+21.8% per year) and India (+32.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, dropping by -4.8% against the previous year. Overall, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 an increase of 49% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then dropped modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+20.7%), while the other leaders experienced more modest paces of growth.

Cement Pipe Imports

Imports in Asia-Pacific

In 2022, approx. X tons of pipes and other articles of cement were imported in Asia-Pacific; growing by 4.4% against 2021. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 40% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cement pipe imports fell modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +23.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

Singapore was the largest importing country with an import of around X tons, which finished at 55% of total imports. Indonesia (X tons) held the second position in the ranking, distantly followed by Hong Kong SAR (X tons) and Australia (X tons). All these countries together took approx. 32% share of total imports. The following importers - South Korea (X tons), Malaysia (X tons) and Japan (X tons) - together made up 8.4% of total imports.

Imports into Singapore decreased at an average annual rate of -1.7% from 2012 to 2022. At the same time, Indonesia (+59.7%), South Korea (+37.3%), Malaysia (+28.4%), Hong Kong SAR (+2.0%) and Japan (+2.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +59.7% from 2012-2022. By contrast, Australia (-1.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Indonesia, South Korea and Malaysia increased by +21, +3.1 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cement pipe importing markets in Asia-Pacific were Australia ($X), Singapore ($X) and South Korea ($X), together accounting for 58% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +37.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by -6.4% against the previous year. Import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cement pipe import price decreased by -15.6% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 25% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Australia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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