Overview of the Global Market for Ready-Mixed Concrete And Factory Made Mortars

Market Size for Ready-Mixed Concrete And Factory Made Mortars

The global market for ready-mixed concrete and factory made mortars was estimated at $X.9B in 2023, picking up 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 indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level at $X.7B in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Ready-Mixed Concrete And Factory Made Mortars

In value terms, production of ready-mixed concrete and factory made mortars totaled $X.8B 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, global production of hit record highs at $X.1B in 2019; however, from 2020 to 2023, production failed to regain momentum.

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Exports of Ready-Mixed Concrete And Factory Made Mortars

Exports

In 2023, shipments abroad of ready-mixed concrete and factory made mortars decreased by X% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the global exports of hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of ready-mixed concrete and factory made mortars expanded sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The global exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Germany (X tons), distantly followed by Italy (X tons), Belgium (X tons), Spain (X tons), Malaysia (X tons), France (X tons), Poland (X tons) and China (X tons) represented the key exporters of ready-mixed concrete and factory made mortars, together making up X% of total exports. The following exporters - the United States (X tons), the UK (X tons), Austria (X tons), Greece (X tons) and Canada (X tons) - together made up X% of total exports.

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

In value terms, the largest ready-mixed concrete and factory made mortar supplying countries worldwide were Germany ($X), Italy ($X) and Spain ($X), together comprising X% of global exports. The United States, Poland, Belgium, Canada, France, Greece, China, Malaysia, Austria and the UK lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The average export price for ready-mixed concrete and factory made mortars stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Ready-Mixed Concrete And Factory Made Mortars

Imports

In 2023, overseas purchases of ready-mixed concrete and factory made mortars decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of global imports of remained at a somewhat lower figure.

In value terms, imports of ready-mixed concrete and factory made mortars expanded significantly to $X in 2023. In general, total imports indicated a notable expansion from 2012 to 2023: its value 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 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2023, Switzerland (X tons), distantly followed by Luxembourg (X tons), Austria (X tons), Singapore (X tons), France (X tons) and Germany (X tons) were the main importers of ready-mixed concrete and factory made mortars, together committing X% of total imports. Ireland (X tons), Slovakia (X tons), the United States (X tons), the Netherlands (X tons), Belgium (X tons), the Czech Republic (X tons) and the UK (X tons) followed a long way behind the leaders.

Switzerland experienced a relatively flat trend pattern with regard to volume of imports of ready-mixed concrete and factory made mortars. At the same time, the UK (X%), Singapore (X%), Luxembourg (X%), Germany (X%) and Ireland (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Slovakia and the United States experienced a relatively flat trend pattern. By contrast, Belgium (X%), Austria (X%), the Czech Republic (X%), the Netherlands (X%) and France (X%) illustrated a downward trend over the same period. While the share of Singapore (X p.p.), Luxembourg (X p.p.), Germany (X p.p.) and the UK (X p.p.) increased significantly in terms of the global imports from 2012-2023, the share of Austria (X p.p.), the Netherlands (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Switzerland ($X), the United States ($X) and France ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of global imports. The Netherlands, the UK, Austria, Belgium, Germany, Luxembourg, Ireland, the Czech Republic, Slovakia and Singapore lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ireland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for ready-mixed concrete and factory made mortars amounted to $X per ton, rising by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Global import price peaked in 2023 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform