Eastern Asia: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Eastern Asia

The East Asian market for tiles, flagstones and similar articles of cement, concrete or artificial stone totaled $X in 2023, growing by X% against the previous year. The total consumption indicated tangible growth 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. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Eastern Asia

In value terms, production of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded slightly to $X in 2023 estimated in export price. The total production indicated a perceptible 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports in Eastern Asia

For the fourth consecutive year, Eastern Asia recorded growth in overseas shipments of tiles, flagstones and similar articles of cement, concrete or artificial stone, which increased by X% to X tons in 2023. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of export peaked in 2023 and is expected to retain growth in the immediate term.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone declined slightly to $X in 2023. Overall, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons) represented roughly X% of total exports in 2023.

China was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone exports, with a CAGR of X% from 2012 to 2023. While the share of China (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest tiles, flagstones and similar articles of cement, concrete or artificial stone supplier in Eastern Asia.

In China, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone expanded 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. In general, the export price, however, saw a mild increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports in Eastern Asia

After two years of growth, purchases abroad of tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by X% to X tons in 2023. The total import volume 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 in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2022, and then shrank notably in the following year.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone fell notably to $X in 2023. Total imports indicated measured growth 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. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2022, and then fell markedly in the following year.

Imports by Country

South Korea was the main importing country with an import of around X tons, which accounted for X% of total imports. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (X%) and China (X%). Hong Kong SAR (X tons) took a minor share of total imports.

South Korea was also the fastest-growing in terms of the tiles, flagstones and similar articles of cement, concrete or artificial stone imports, with a CAGR of X% from 2012 to 2023. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. By contrast, Japan (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Hong Kong SAR (X p.p.), Japan (X p.p.) and China (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X) constitutes the largest market for imported tiles, flagstones and similar articles of cement, concrete or artificial stone in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, approximately equating the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform