Cement Prefabricated Structural Components Market

The global market for prefabricated structural components of cement, concrete, or artificial stone is forecasted to experience growth in both consumption and value terms from 2022 to 2030. Consumption volume is expected to reach 663M tons by the end of 2030, with a projected CAGR of +1.6%, while market value is anticipated to reach $401.1B by the same year, with a CAGR of +3.4%. The top consuming countries in 2022 were China, the United States, and India, while the largest markets in terms of value were the United States, India, and Egypt. The market is also seeing growth in production, with global trends indicating consistent increases in both output volume and value. Imports and exports of these components are also on the rise, with noticeable fluctuations in trends over the past decade. Overall, the global market for prefabricated structural components is expected to continue its growth trajectory in the coming years.

Market Forecast

Driven by increasing demand for prefabricated structural components of cement, concrete or artificial stone worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.6% for the period from 2022 to 2030, which is projected to bring the market volume to 663M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $401.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

In 2022, approx. 585M tons of prefabricated structural components of cement, concrete or artificial stone were consumed worldwide; therefore, remained relatively stable against the previous year's figure. The total consumption volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the consumption volume increased by 7.9% against the previous year. Global consumption peaked in 2022 and is expected to retain growth in the near future.

The global cement prefabricated structural components market revenue totaled $306.2B in 2022, surging by 3.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $312.8B. From 2021 to 2022, the growth of the global market remained at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (111M tons), the United States (71M tons) and India (38M tons), together accounting for 38% of global consumption. Indonesia, Germany, Pakistan, Brazil, Mexico, the Philippines, Turkey, Egypt, Vietnam and France lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Pakistan (with a CAGR of +9.7%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components markets worldwide were the United States ($74.4B), India ($42.8B) and Egypt ($20.4B), with a combined 45% share of the global market. China, Pakistan, Mexico, Turkey, Indonesia, Brazil, Germany, Vietnam, France and the Philippines lagged somewhat behind, together accounting for a further 24%.

Pakistan, with a CAGR of +9.4%, saw the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of cement prefabricated structural components per capita consumption in 2022 were Germany (274 kg per person), the United States (211 kg per person) and France (159 kg per person).

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +6.9%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Global cement prefabricated structural components production reached 586M tons in 2022, therefore, remained relatively stable against 2021. The total output volume increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 7.8%. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cement prefabricated structural components production expanded slightly to $302.9B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the production volume increased by 15%. Global production peaked at $308.9B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (113M tons), the United States (71M tons) and India (38M tons), together accounting for 38% of global production. Indonesia, Pakistan, Germany, Brazil, Mexico, the Philippines, Turkey, Egypt, Vietnam and Belgium lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Pakistan (with a CAGR of +9.7%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

In 2022, the amount of prefabricated structural components of cement, concrete or artificial stone imported worldwide rose slightly to 11M tons, picking up by 4% on the previous year. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +14.8% against 2017 indices. The pace of growth was the most pronounced in 2014 with an increase of 28%. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cement prefabricated structural components imports rose to $3B in 2022. Overall, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. Over the period under review, global imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports By Country

In 2022, Singapore (2.6M tons), distantly followed by Germany (1,353K tons), the Netherlands (990K tons), Indonesia (912K tons), Hong Kong SAR (785K tons), Sweden (587K tons) and Austria (526K tons) were the key importers of prefabricated structural components of cement, concrete or artificial stone, together making up 68% of total imports. France (505K tons), the UK (353K tons), Switzerland (263K tons), Macao SAR (254K tons), the United States (237K tons) and Taiwan (Chinese) (232K tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +52.3%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components importing markets worldwide were Singapore ($429M), the Netherlands ($312M) and Germany ($238M), together comprising 33% of global imports. Sweden, the UK, Hong Kong SAR, France, Austria, Indonesia, Switzerland, the United States, Taiwan (Chinese) and Macao SAR lagged somewhat behind, together comprising a further 40%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +35.1%, 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

The average cement prefabricated structural components import price stood at $259 per ton in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 15% against the previous year. Global import price peaked at $296 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($507 per ton), while Macao SAR ($107 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+4.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Global cement prefabricated structural components exports reached 13M tons in 2022, standing approx. at 2021. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +16.8% against 2020 indices. The pace of growth was the most pronounced in 2017 when exports increased by 69%. As a result, the exports attained the peak of 13M tons. From 2018 to 2022, the growth of the global exports failed to regain momentum.

In value terms, cement prefabricated structural components exports totaled $3.2B in 2022. Over the period under review, total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +28.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports By Country

Malaysia (2.7M tons) and China (2.2M tons) represented roughly 39% of total exports in 2022. It was distantly followed by Belgium (1,228K tons), Germany (1,178K tons), Poland (651K tons) and the Netherlands (602K tons), together committing a 29% share of total exports. The Czech Republic (508K tons), Ireland (378K tons), Spain (348K tons), Latvia (270K tons), Hungary (226K tons), Bosnia and Herzegovina (199K tons) and Austria (195K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Netherlands (with a CAGR of +20.7%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components supplying countries worldwide were Germany ($417M), Malaysia ($408M) and China ($386M), together comprising 38% of global exports. Belgium, Poland, the Netherlands, the Czech Republic, Ireland, Spain, Latvia, Austria, Bosnia and Herzegovina and Hungary lagged somewhat behind, together accounting for a further 41%.

Poland, with a CAGR of +22.5%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average cement prefabricated structural components export price amounted to $257 per ton, picking up by 4.7% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 25% against the previous year. The global export price peaked at $278 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($415 per ton), while Malaysia ($150 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+5.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform