The policy effect is gradually emerging, and the supply and demand relationship of the market is dynamically adjusted. In December 2024, the production of building materials products will remain stable, the production of major products will accelerate, the ex factory price will rise month on month, and the low level will stabilize. The decline of major economic benefit indicators will narrow nearly, fixed assets investment will keep growing, the trade amount will rise month on month, and the steady state of industry operating enterprises will be further consolidated.

 

1. The production of building materials remains stable, and the production of major products is accelerating. According to data from the National Bureau of Statistics, in December 2024, the added value of the non-metallic mineral products industry decreased by 0.1% year-on-year, narrowing the decline by 2.2 percentage points compared to the previous month. Among the 31 key monitored building materials products, 19 products showed a month on month increase in production, among which the production of tempered glass, laminated glass, glass fiber, glass fiber reinforced plastic, kaolin, building stone, and granite slabs increased by more than 10% month on month. From January to December, the added value of the non-metallic mineral products industry decreased by 1.4% year-on-year, narrowing by 0.1 percentage points compared to the previous month. Among the 31 key monitored building materials products, the output of 10 products increased year-on-year, among which the output of cement pressure pipes, glass fiber reinforced plastic products, and kaolin increased by more than 10% year-on-year.

 

2. The ex factory price of the product has increased month on month, indicating a clear stable trend for the enterprise. In December 2024, the ex factory prices of building materials increased by 0.8% month on month and decreased by 3.2% year-on-year, narrowing the decline by 0.4 percentage points compared to the previous month. Nine industries, including cement, concrete and cement products, wall materials, waterproof building materials, thermal insulation materials, clay and sand mining, building technology glass, mineral fibers and composite materials, and non-metallic mineral industry, saw a month on month increase in ex factory prices. Among them, the ex factory price of cement increased by 2.7% month on month; The ex factory prices of cement, thermal insulation materials, clay and sand mining, construction stones, mineral fibers, and composite materials industries are higher than the same month last year. From January to December, the average ex factory price of building materials products decreased by 5.6% year-on-year, narrowing the decline by 0.2 percentage points compared to November.

 

3. The main economic performance indicators have decreased year-on-year, and some industries continue to maintain positive changes. According to data from the National Bureau of Statistics, from January to December 2024, the operating revenue of the building materials industry above designated size decreased by 12.2% year-on-year, and the total profit decreased by 48.6% year-on-year, with a decrease of 0.8 and 3.7 percentage points respectively compared to the previous month. Among them, the decline in operating income and total profit of industries such as cement, concrete and cement products, wall materials, lime gypsum, clay sand and gravel, construction stone, and building sanitary ceramics has all narrowed to varying degrees; The operating income of industries such as mineral fiber and composite materials, non-metallic mineral mining and selection maintained year-on-year growth; The operating revenue and total profit of industries such as stone processing for construction, asbestos and mica products have all achieved year-on-year growth. In 2024, among the various sub industries of building materials, the total profit of industries such as concrete and cement products, cement, technical glass, building stone processing, and building sanitary ceramics is relatively high, accounting for 71.8% of the total profit of the entire building materials industry.

 

4. fixed assets investment grew steadily, and the growth rate of investment in products industry rebounded. According to the data of the National Bureau of Statistics, from January to December 2024, the investment in fixed assets investment of the non-metallic mineral products industry will increase by 1.6% year on year, up 1 percentage point over the same period of the previous year, of which the private investment will increase by 3.0% year on year, up 4.1 percentage points; Fixed assets investment of non-metallic mining and beneficiation industry increased by 12.7% year on year, with the growth rate falling by 3.5 percentage points, of which private investment increased by 4.9% year on year, rising by 0.9 percentage points.

 

5. The import and export amount of building materials has increased month on month, with some products showing significant increases. In December 2024, the export value of building materials reached 3.34 billion US dollars, an increase of 11.7% month on month and a decrease of 9.3% year-on-year. The export value of commodities such as cement and cement products, technical glass, sanitary ceramics, bricks and building blocks, and stone products for construction has increased significantly month on month. From January to December, the export value of building materials commodities was 35.6 billion US dollars, a year-on-year decrease of 13.4%, and the decline narrowed by 0.4 percentage points compared to the previous month. Among them, the export value of cement, laminated glass, insulated glass, glass fiber and products, ceramic sanitary equipment, limestone and lime, silicon-based soil, sand, asphalt and modified asphalt waterproofing membranes, lightweight building materials, thermal insulation materials, as well as talc, asbestos products, mica and mica products and other commodities achieved year-on-year growth.

 

In December 2024, the import amount of building materials reached 1.74 billion US dollars, an increase of 11.5% month on month and a decrease of 18.6% year-on-year. From January to December, the import of building materials reached 21.47 billion US dollars, a year-on-year decrease of 35.3%, and the decline narrowed by 1.2 percentage points compared to the previous month. Among them, the import of fluorite and glass fiber and products increased in both quantity and price, while the import quantity of marble, granite raw materials, pyrophyllite, fluorite, flat glass, glass fiber and products, as well as carbon fiber and products, increased year-on-year.