China: Prefabricated Buildings Market 2022

Prefabricated Buildings Market Size in China

In 2021, the Chinese prefabricated buildings market decreased by -1.3% to $X, falling for the second year in a row after eight years of growth. Over the period under review, consumption, however, saw a strong expansion. Prefabricated buildings consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Prefabricated Buildings Production in China

In value terms, prefabricated buildings production rose modestly to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Prefabricated Buildings Exports

Exports from China

In 2021, approx. X units of prefabricated buildings were exported from China; growing by 41% against 2020 figures. In general, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +82.7% against 2016 indices. The pace of growth was the most pronounced in 2017 when exports increased by 41% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, prefabricated buildings exports soared to $X in 2021. The total export value increased at an average annual rate of +2.7% 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.

Exports by Country

Indonesia (X units), Hong Kong SAR (X units) and the United States (X units) were the main destinations of prefabricated buildings exports from China, with a combined 28% share of total exports.

From 2012 to 2021, the biggest increases were in Indonesia (with a CAGR of +34.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Indonesia ($X) and Hong Kong SAR ($X) appeared to be the largest markets for prefabricated buildings exported from China worldwide, together comprising 23% of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +28.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average prefabricated buildings export price stood at $X per unit in 2021, falling by -13.3% against the previous year. In general, the export price continues to indicate a slight contraction. The pace of growth appeared the most rapid in 2016 an increase of 26%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Prefabricated Buildings Imports

Imports into China

Prefabricated buildings imports into China contracted slightly to X units in 2021, reducing by -2% against 2020 figures. Overall, imports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 72%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prefabricated buildings imports declined to $X in 2021. Over the period under review, imports, however, recorded a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 57%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X units) constituted the largest supplier of prefabricated buildings to China, with a 31% share of total imports. Moreover, prefabricated buildings imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Netherlands amounted to +81.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+140.0% per year) and Italy (+17.7% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of prefabricated buildings to China, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 13% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from the Netherlands totaled +68.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+21.3% per year) and Japan (+11.7% per year).

Import Prices by Country

The average prefabricated buildings import price stood at $X per unit in 2021, which is down by -11.2% against the previous year. Over the period under review, the import price recorded a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 30% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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