Eastern Asia: Prefabricated Buildings Market 2022

Prefabricated Buildings Market Size in Eastern Asia

The East Asian prefabricated buildings market stood at $X in 2021, with an increase of 3.3% against the previous year. Over the period under review, consumption posted buoyant growth. 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 Eastern Asia

In value terms, prefabricated buildings production reached $X in 2021 estimated in export price. Overall, production recorded strong growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by 29% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Prefabricated Buildings Exports

Exports in Eastern Asia

Prefabricated buildings exports soared to X units in 2021, surging by 34% on 2020 figures. The total export volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when exports increased by 39%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, prefabricated buildings exports rose notably to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X units, which was near 97% of total exports in 2021. South Korea (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the prefabricated buildings exports, with a CAGR of +4.1% from 2012 to 2021. South Korea (-3.5%) illustrated a downward trend over the same period. South Korea (-1.7 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prefabricated buildings supplier in Eastern Asia, comprising 94% of total exports. The second position in the ranking was held by South Korea ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +2.7%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, falling by -14.1% against the previous year. In general, the export price saw a mild curtailment. The growth pace was the most rapid in 2016 when the export price increased by 25% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while China totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-0.6%).

Prefabricated Buildings Imports

Imports in Eastern Asia

In 2021, supplies from abroad of prefabricated buildings increased by 26% to X units, rising for the third consecutive year after two years of decline. Total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.5% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 38%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, prefabricated buildings imports rose sharply to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 45%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X units) and Japan (X units) dominates imports structure, together mixing up 79% of total imports. China (X units) held a 6.8% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (5.8%) and South Korea (5.8%). Macao SAR (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 main importing countries, was attained by Taiwan (Chinese) (with a CAGR of +49.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 85% of total imports.

Hong Kong SAR, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, reducing by -16.8% against the previous year. In general, the import price saw a noticeable reduction. The pace of growth was the most pronounced in 2015 an increase of 22%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+3.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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