Asia: Prefabricated Buildings Market 2022

Prefabricated Buildings Market Size in Asia

The Asian prefabricated buildings market stood at $X in 2021, picking up by 4.8% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.5% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in Asia

In value terms, prefabricated buildings production stood at $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 25% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Prefabricated Buildings Exports

Exports in Asia

In 2021, the amount of prefabricated buildings exported in Asia skyrocketed to X units, rising by 44% on 2020 figures. The total export volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings exports surged to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporter of prefabricated buildings in Asia, with the volume of exports amounting to X units, which was approx. 65% of total exports in 2021. It was distantly followed by Vietnam (X units) and Turkey (X units), together comprising a 21% share of total exports. The following exporters - Israel (X units) and the United Arab Emirates (X units) - each finished at a 7.8% share of total exports.

Exports from China increased at an average annual rate of +4.1% from 2012 to 2021. At the same time, Vietnam (+27.2%) and Israel (+6.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +27.2% from 2012-2021. Turkey experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-1.0%) illustrated a downward trend over the same period. While the share of Vietnam (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-2.1 p.p.) and Turkey (-3.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prefabricated buildings supplier in Asia, comprising 60% of total exports. The second position in the ranking was taken by Israel ($X), with an 8.6% share of total exports. It was followed by Turkey, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+9.7% per year) and Turkey (-0.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, declining by -17.4% against the previous year. Overall, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.2%), while the other leaders experienced a decline in the export price figures.

Prefabricated Buildings Imports

Imports in Asia

In 2021, approx. X units of prefabricated buildings were imported in Asia; picking up by 28% on the previous year's figure. Total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.8% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when imports increased by 12% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia was the largest importing country with an import of around X units, which accounted for 32% of total imports. Pakistan (X units) held the second position in the ranking, distantly followed by Saudi Arabia (X units) and Uzbekistan (X units). All these countries together took near 29% share of total imports. Hong Kong SAR (X units), the Philippines (X units), Japan (X units), Cambodia (X units), Thailand (X units), Singapore (X units), the United Arab Emirates (X units), Kazakhstan (X units) and Turkmenistan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Uzbekistan (with a CAGR of +44.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported prefabricated buildings in Asia, comprising 23% of total imports. The second position in the ranking was held by Uzbekistan ($X), with an 8.6% share of total imports. It was followed by the Philippines, with a 5.9% share.

In Indonesia, prefabricated buildings imports expanded at an average annual rate of +21.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+38.7% per year) and the Philippines (+17.3% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, dropping by -16.7% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 18%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+10.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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