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1、CONTENTS Error! No text of specified style in document. December 2011 | 1-800-330-3772 | IBISWorld Industry Report 3121 Cement Products Manufacturing in China December 2011 About This Industry . 2 Industry Definition . 2 Main Activities . 2 Similar Industries 2 Additional Resources 3 Industry Perf
2、ormance 4 Executive Summary 4 Key External Drivers . 4 Current Performance 4 Industry Outlook 7 Industry Life Cycle 9 Products and domestic and international raw material prices. Industry revenue is expected to increase from $17.06 billion in 2006 to a forecast $66.98 billion in 2011 (constant 2011
3、dollars). This represents an annualized increase of 31.5% over the five years to 2011. Industry revenue growth was very high in 2008 at 46.2%, following 30.5% growth in 2007. Growth eased in 2009 due to the global economic recession and is forecast to be 25% in 2011 driven by the strong growth of Ch
4、inas economy. There are some problems within the Cement Products Manufacturing industry in China. For example, most cement product manufacturers are small or medium-size enterprises that offer a limited product range and are often unable to guarantee the quality of their products. In addition, old p
5、lants, equipment and technology result in low automation levels and a high level of labor intensity. ACMR-IBISWorld forecasts that in the five years to 2016, total revenue of the Cement Products Manufacturing industry in China will increase at an annualized rate of 16.8% to $145.48 billion by the en
6、d of 2016. This strong growth will be due to continued investment by the Chinese Government in construction and infrastructure projects. Compared with the growth rate in the five years through 2011, this slower performance will be due to the industry maturing and the slowdown of real estate growth i
7、n China. Key External Drivers The key sensitivities affecting the performance of the Cement Products Manufacturing industry include: Domestic Goods Prices - Manufactures Other - Cement Due to the intense competition between industry participants, rising raw material prices negatively impacts on prod
8、uction costs and profits. Downstream Demand - Commercial and Institutional Building Construction Increases in the level of infrastructure, commercial and institutional construction projects leads to greater demand for cement products from this industry. Downstream Demand - Residential Building Const
9、ruction China is a rapidly developing country, and the Building Construction industry in China has contributed to strong demand for cement products manufacturing in recent years. Legislative Compliance Requirements - Central Government Administration This industry is subject to a wide range of regul
10、atory requirements. Complying with these regulations increases operating costs, which can limit industry revenue growth. Current Performance China is the worlds largest cement products manufacturing country. Cement products output each year satisfies both the development needs of the national econom
11、y through residential and commercial building construction, and extensive infrastructure development. These also contribute to improvements in peoples WWW.IBISWORLD.COM.CN Cement Products Manufacturing in China December 2011 5 living standards. The industry is largely driven by the domestic real est
12、ate industry, which experienced rapid growth over the five-year period to 2011. Revenue and profit Industry revenue is expected to increase from $17.06 billion in 2006 to a forecast $66.98 billion in 2011 (constant 2011 dollars). This represents an annualized increase of 31.5%. Profits are expected
13、to account for 4.3% of industry revenue in 2011, decreasing from 10.7% in 2006. Industry profitability decreases since 2004 were caused by increasing pressure from price-based competition within the industry. Weaker economic conditions in 2009 resulted in revenue growth of 26.6%. Lower demand due to
14、 the economic contraction had a moderate impact on this industry. As the Chinese Government issued several economic stimulus policies in response to the global recession, the domestic economy recovered quickly from the crisis in 2009 and maintained strong growth in 2010. Industry revenue increased b
15、y 33.1% to $54.88 billion in 2010 and is expected to increase by 22.0% in 2011. Industry revenue soared by 46.2% in 2008 to $32.55 billion. Demand was stronger in the first half of the year as a large number of construction projects around China continued to contribute to industry growth. However, g
16、rowth slowed in the final quarter of 2008 as the negative effects of the global recession stifled industry performance. In this year, output of cement sewer pipes, pressure pipes, concrete poles and commercial concrete increased by 61.5%, 22.8%, 18.5% and 18.4%, respectively. However, the output of
17、cement concrete piles decreased by 4.0%. In 2006 and 2007, industry revenue increased by 21% and 30.5% respectively. This was due to strong domestic demand for the industrys products. For example, many sporting facilities, construction projects and subways were built for the Olympic Games in Beijing
18、 in 2008, while extensive building and infrastructure projects were built in many other cities and regions around China. Exports and imports Exports are expected to increase from $334.2 million in 2006 to a forecast $627.4 million in 2011 (constant 2011 dollars). Exports as a proportion of industry
19、revenue are expected to decline from 2.0% in 2006 to a forecast 0.9% in 2011, as domestic demand increased at a faster rate than export growth. The elimination of export tax rebates for high energy-consuming and resource-intensive products, such as cement, from 2008 will continue to slow export grow
20、th in future years. Competing imports are relatively insignificant in this industry and only accounted for an average of about 0.1% of domestic demand during the past five years. Enterprises and wages In the five years to 2011, the Cement Products Manufacturing industry in China developed rapidly, w
21、ith enterprise numbers increasing from 2,125 at the end of 2006 to a forecast 5,144 in 2011. This represents annualized growth rate of 19.3%. Total industry wages are expected to increase at an annualized rate of 31.1% in the five years to 2011, from $761.4 million in 2006 to a forecast $2.95 billio
22、n in 2011 (constant 2011 dollars). Despite the increases in the use of technology and equipment in this industry during the past five years, wages as a proportion of industry revenue remained steady around 4.5% over the period since domestic labor costs increased significantly as well. Industry issu
23、es Most cement product manufacturers are small or medium-size enterprises that offer a limited product range and are often unable to guarantee the quality of their products. Old plants, equipment and technology result in low automation levels and high labor intensity. Due to insufficient capital, th
24、e equipment used is generally domestically made, outdated and inefficient. A large number of workers are required to operate these old machines. WWW.IBISWORLD.COM.CN Cement Products Manufacturing in China December 2011 6 Enterprises with poor management skills and low quality products are still oper
25、ating in the industry. It is difficult for the government to monitor existing manufacturers while examining the qualifications of new entrants. WWW.IBISWORLD.COM.CN Cement Products Manufacturing in China December 2011 7 Industry Outlook ACMR-IBISWorld forecasts that in the five years to 2016, total
26、revenue of the Cement Products Manufacturing industry in China will increase at an annualized rate of 16.8% to $145.48 billion by the end of 2016. This rapid growth is due to continued growth of real estate industry and infrastructure construction, which increases domestic demand for concrete produc
27、ts. With the implementation of the governments active policies for expanding infrastructure construction in China, profits are expected to increase in future years. The main drivers of industry growth will be steady increases in overall national demand and solid growth in demand from downstream cons
28、truction industries in China. The Chinese Government will speed up the construction of railways, highways, airports, infrastructure in rural areas and low-rent housing, which will continue to increase national demand for cement products. International trade Exports are expected to increase from $627
29、.4 million in 2011 to $1.39 billion in 2016, at an annualized growth rate of 17.2%. Exports as a share of revenue are forecast to remain steady at around 1.0% during the next five years. As China has become the largest cement products manufacturing country in the world, export volumes will continue
30、to increase rapidly in future years. As a proportion of domestic demand, competing imports are forecast to remain steady at about 0.05% from 2011 to 2016. Quality and competition Demand for higher quality cement products will increase in the next five years and will be driven by increased regulatory
31、 requirements for construction and infrastructure projects. The medium-end and high-end market segments will account for higher shares of total industry revenue, while the size of the low-end product segments will decline. However, the low-end cement market will continue developing and will grow in
32、terms of volumes, especially in less-developed economic regions in China with lower per capita incomes. However, the low-end cement market will decline in cities and developed areas. Industry competition will continue to intensify during the next five years, as large firms become more dominant with
33、new efficient firms entering the industry as more small manufacturers are forced to exit the industry. Economies of scale will become more important in the future as pricing pressures and higher raw material costs result in greater industry competition. Brand competition will increase as domestic an
34、d foreign enterprises are seeking to gain advantages in the market. Foreign firms will continue trying to increase awareness of their products to stimulate additional demand. As companies look at ways of increasing market share, brand and pricing competition will also contribute to the competitive l
35、andscape of the industry in the years to 2016 and beyond. Technology and systems Although the industrys technology and systems have improved considerably in China in recent years, there are still major differences between many Chinese manufacturers and advanced foreign firms. In the coming years, te
36、chnology within the Cement Products Manufacturing industry in China is expected to improve as research and development (R Japan (16.4%); South Korea (13.6%); Italy (12.7%); and Germany (7.3%). Exports The industry had export revenue of $497.0 million in 2010, up 27.0% from 2009, which accounted for
37、0.9% of total industry revenue for the year. The top five destination countries of exports from China during 2010 were Hong Kong (20.8%), the United States (12.1%), the Netherlands (9.9%), Japan (7.3%) and Australia (4.5%). Chinas Ministry of Finance declared that, starting from July 1, 2007, the co
38、untry would cut or eliminate export taxes for 2,831 commodities, representing 37% of the total number of items listed under customs tax regulations, including cement products, which will benefit the industrys exports in the future. WWW.IBISWORLD.COM.CN Cement Products Manufacturing in China December
39、 2011 15 Major import sources, 2010 Source Import value Million Dollars Share of total Percentage Import volume Tons Share of total Percentage Spain 6.3 17.8 4293.9 12.3 Japan 5.8 16.4 8113.4 23.2 South Korea 4.8 13.6 5035.7 14.4 Italy 4.5 12.7 6626.7 19.0 Germany 2.6 7.3 1203.9 3.4 Taiwan 2.4 6.8 3
40、789.6 10.8 United States 2.2 6.2 893.0 2.6 Indonesia 1.9 5.3 569.1 1.6 Israel 1.6 4.6 931.4 2.7 Czech Republic 0.6 1.7 931.7 2.7 SOURCE: CHINA CUSTOMS Major export destinations, 2010 Destination Export value Million Dollars Share of total Percentage Export volume Thousand Tons Share of total Percent
41、age Hong Kong 103.4 20.8 1079.4 58.1 United States 60.1 12.1 41.9 2.3 Netherlands 49.2 9.9 15.9 0.9 Japan 36.3 7.3 80.7 4.3 Australia 22.4 4.5 63.2 3.4 Canada 17.9 3.6 10.3 0.6 South Korea 17.4 3.5 44.9 2.4 Belgium 16.9 3.4 9.0 0.5 Germany 16.9 3.4 5.6 0.3 United Kingdom 12.9 2.6 14.4 0.8 SOURCE: CH
42、INA CUSTOMS WWW.IBISWORLD.COM.CN Cement Products Manufacturing in China December 2011 16 Business Locations Region Percentage East China 42.4 Middle South China 25.6 North China 10.4 South West China 9.6 North East China 6.4 North West China 5.8 Region Percentage East China 47.7 Middle South China 2
43、2.2 North China 9.4 South West China 7.7 North East China 7.7 North West China 5.1 Region Percentage East China 46.9 Middle South China 21.1 North China 10.0 South West China 9.4 North East China 7.6 North West China 5.1 WWW.IBISWORLD.COM.CN Cement Products Manufacturing in China December 2011 17 In
44、dustry activity is concentrated in the provinces of Jiangsu, Zhejiang, Shandong and Guangdong, in terms of revenue, accounting for estimated 15.8%, 9.7%, 7.2% and 6.6% of total revenue respectively in 2011. These four provinces are expected to make up almost 39.3% of total industry revenue for the y
45、ear. The four provinces mentioned above are well-developed regions in China. The building construction industry has been growing strongly in these provinces in recent years, which results in further development of cement product manufacturers. Increasing demand has been particularly evident in Jiang
46、su province, with industry revenue up from 9.6% in 2002 to 15.8% in 2011.This also indicates there is significantly increasing economic growth and development in this province. The industry tends to show highest efficiency in Jiangsu province, Zhejiang province and Shandong province which account fo
47、r only 11.7%, 8.7% and 6.8% of total industry employment respectively in 2011. This is because the larger firms in these provinces are able to benefit from economies of scale, are closer to imported raw materials, are closer to clients and downstream industries and have invested in advanced technolo
48、gies to reduce labor inputs. Industry revenue in Guangdong province is the fourth-highest in China. In 2011, Guangdong province is estimated to have 7.4% of total employees and 6.9% of total establishments. This province has major domestic infrastructure projects and many other downstream industries
49、. There are few cement products manufacturers in Qinghai province, Ningxia and Heilongjiang province. These three provinces combined are forecast to account for just 1.3% of industry revenue and 1.8% of establishment numbers in 2011. The economic environment of these provinces is not as strong as in other parts of China. The Chinese Government is attempting to promote commerce in these areas by offering preferential policies to develop various industries. This will also help to stimulate this industry in future years