HVAC and plumbing System
Bathroom and Kitchen Equipment
Doors, windows, curtain walls, and hardware accessories
Decoration and Indoor/ Outdoor Decoration Materials
Indoor and outdoor lighting, electrical and landscape facilities
Construction equipment and tools
New and Green Energy saving Building Materials
Basic and Structural Building Materials
Highly dependent on imports, especially for steel, cement and ceramic products.
● Construction machinery imports reached $3.2 billion in 2022, with Japanese brands accounting for 45% of the market. ● China supplied more than 40% of the 17.5 million tons of imported steel
●EEC Eastern Economic Corridor: The second phase (2023-2027) is expected to have a total investment of 340 billion baht (about 9.86 billion US dollars), covering 77 infrastructure projects, which is expected to drive the demand for cement, steel, etc., by at least 30%. ● Green building incentives: Encourage the use of energy-saving building materials and promote low-carbon transformation.
It is expected that by 2024, the market size of the construction industry in Indonesia will exceed 150 billion US dollars.
● National Long-Term Development Plan 2025-2045: It is planned to increase the proportion of infrastructure investment in GDP to 6%, with a focus on promoting about 200 national strategic projects including the new capital Nusantara and the Jakarta-Bandung High-Speed Railway, with a total investment exceeding 40 billion US dollars. ● Relocation Plan (Nusandala) : Build 1,700 kilometers of roads and 340,000 residential units, significantly increasing the demand for cement and steel. ● Offshore expressways: Infrastructure investment of 450 billion US dollars between 2020 and 2024 will drive the demand for anti-corrosion steel and high-strength glass. ●ACFTA tariff-free policy: the price of Chinese products is 15% lower than that of local products, and the profit margin can reach 27%, which promotes trade with China.
It is expected that by 2025, the market size of building materials in Vietnam will exceed 40 billion US dollars. The output value of the construction industry reached 27.37 billion US dollars in 2023.
Basic building materials such as steel and cement dominate, but local production capacity is insufficient. In 2023, there was a shortage of 18 million tons of cement, of which 72% relied on imports from China. The import dependence of steel is as high as 65%.
● New infrastructure: 1,700 kilometers of expressways and 340,000 residential units will be added by 2030. ● Port + industrial park development: With a port handling capacity of 700 million tons and 563 industrial parks, it greatly boosts the demand for building materials. ● Green building materials support: The government has committed to achieving carbon neutrality by 2050 and promoting the application and development of low-energy consumption building materials.
RCEP (Regional Comprehensive Economic Partnership Agreement)
√ 15 member states, the world's largest free trade area, covering over 600 million people in Southeast Asia
√ 90%+ zero tariffs on goods make it more convenient for Chinese building materials to export to ASEAN
√ Unify trade standards to promote cross-border supply chain cooperation
Belt and Road Initiative
√ China's investment in Southeast Asia has exceeded US $300 billion, and infrastructure cooperation has continued to deepen
√ Key projects such as high-speed railway, port and industrial park will directly drive the demand for building materials
√ Localized production + brand promotion to help Chinese building materials enterprises improve their competitiveness