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

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

The South Asian market for ready-mixed concrete and factory made mortars stood at $X in 2023, growing by X% against the previous year. The total consumption indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of ready-mixed concrete and factory made mortars stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

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Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports in Southern Asia

In 2023, the amount of ready-mixed concrete and factory made mortars exported in Southern Asia surged to X tons, rising by X% against the previous year. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to see steady growth in years to come.

In value terms, exports of ready-mixed concrete and factory made mortars soared to $X in 2023. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

Exports by Country

India prevails in mortars structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Sri Lanka (X tons), making up a X% share of total exports.

India was also the fastest-growing in terms of the ready-mixed concrete and factory made mortars exports, with a CAGR of X% from 2012 to 2023. At the same time, Sri Lanka (X%) displayed positive paces of growth. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Sri Lanka (X p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest ready-mixed concrete and factory made mortar supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in India stood at X%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2015 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports in Southern Asia

In 2023, purchases abroad of ready-mixed concrete and factory made mortars increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a noticeable expansion from 2012 to 2023: its volume 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. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars expanded rapidly to $X in 2023. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

The purchases of the three major importers of ready-mixed concrete and factory made mortars, namely Bangladesh, India and Maldives, represented more than two-thirds of total import. Nepal (X tons) took the next position in the ranking, followed by Sri Lanka (X tons). All these countries together took approx. X% share of total imports. Bhutan (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bhutan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported ready-mixed concrete and factory made mortars in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports. It was followed by Maldives, with a X% share.

In India, imports of ready-mixed concrete and factory made mortars increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (X% per year) and Maldives (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, import price for ready-mixed concrete and factory made mortars decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform