Asia: Cement Pipe Market 2023

Cement Pipe Market Size in Asia

The Asian cement pipe market contracted to $X in 2022, which is down by -2.6% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Cement Pipe Production in Asia

In value terms, cement pipe production dropped modestly 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 pace of growth was the most pronounced in 2018 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cement Pipe Exports

Exports in Asia

Cement pipe exports dropped slightly to X tons in 2022, almost unchanged from the year before. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +41.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 26% against the previous year. The volume of export peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, cement pipe exports dropped to $X in 2022. Overall, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 60%. The level of export peaked at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, Malaysia (X tons) and China (X tons) represented the main exporters of pipes and other articles of cement in Asia, together constituting 69% of total exports. Vietnam (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by India (8.2%). Turkey (X tons), Thailand (X tons) and South Korea (X tons) held a minor share 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 Vietnam (with a CAGR of +19.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest cement pipe supplier in Asia, comprising 66% of total exports. The second position in the ranking was held by Vietnam ($X), with an 11% share of total exports. It was followed by India, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +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 stood at $X per ton in 2022, dropping by -5.3% against the previous year. Overall, the export price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 49%. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

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 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

In 2022, imports of pipes and other articles of cement in Asia reached X tons, with an increase of 4.2% compared with the year before. The total import volume increased at an average annual rate of +1.5% 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 44% 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 reduced to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +59.1% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Singapore represented the major importing country with an import of about X tons, which amounted to 56% of total imports. Indonesia (X tons) held the second position in the ranking, distantly followed by Hong Kong SAR (X tons). All these countries together held near 27% share of total imports. The following importers - South Korea (X tons), Malaysia (X tons), Japan (X tons) and the United Arab Emirates (X tons) - together made up 10% 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%), the United Arab Emirates (+17.4%), 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, with a CAGR of +59.7% from 2012-2022. Indonesia (+21 p.p.), South Korea (+3.2 p.p.) and Malaysia (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -20.2% from 2012 to 2022, 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 were Singapore ($X), South Korea ($X) and Malaysia ($X), together comprising 45% of total imports.

Among the main importing countries, South Korea, with a CAGR of +37.6%, saw 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 stood at $X per ton in 2022, dropping by -5.8% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 -17.2% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 28%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a 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 the United Arab Emirates ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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