Eastern Asia: Market for Ready-Mixed Concrete And Factory Made Mortars 2024

Market Size for Ready-Mixed Concrete And Factory Made Mortars in Eastern Asia

The East Asian market for ready-mixed concrete and factory made mortars reduced slightly to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars in Eastern Asia

In value terms, production of ready-mixed concrete and factory made mortars contracted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

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Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Eastern Asia

In 2023, exports of ready-mixed concrete and factory made mortars in Eastern Asia rose sharply to X tons, growing by X% on the year before. In general, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of ready-mixed concrete and factory made mortars expanded slightly to $X in 2023. Overall, exports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

China prevails in mortars structure, accounting for X tons, which was approx. X% of total exports in 2023. It was distantly followed by South Korea (X tons), making up an X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest ready-mixed concrete and factory made mortar supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports.

In China, exports of ready-mixed concrete and factory made mortars increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Eastern Asia

In 2023, approx. X tons of ready-mixed concrete and factory made mortars were imported in Eastern Asia; growing by X% on the year before. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of ready-mixed concrete and factory made mortars soared to $X in 2023. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports of remained at a lower figure.

Imports by Country

In 2023, Hong Kong SAR (X tons) represented the largest importer of ready-mixed concrete and factory made mortars, comprising X% of total imports. Taiwan (Chinese) (X tons) ranks second in terms of the total imports with a X% share, followed by Macao SAR (X%), China (X%) and Japan (X%).

From 2012 to 2023, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X) constitutes the largest market for imported ready-mixed concrete and factory made mortars in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Taiwan (Chinese) stood at X%. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, dropping by X% against the previous year. Import price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform