Concrete prices across APAC increased through 2025 compared to Q1 2024, mainly driven by higher input and delivery costs. Japan recorded stronger growth due to labour and transport cost pass-through and producer price increases. Australia remained relatively stable, with infrastructure demand offsetting weaker housing activity. Taiwan saw prices rise toward Q4, supported by trade measures and higher carbon-related costs. In the KSA, prices increased steadily due to strong government-led project demand, while Thailand declined amid weaker residential activity and reduced new project approvals.

By Q1 2026, the upward trend in concrete prices continued across most markets, driven largely by labour shortages, rising material costs, and supply chain constraints. Japan recorded one of the more pronounced increases, reflecting persistent labour shortages, alongside continued escalation in material and construction costs. In Singapore, prices moved upward amid a strong project pipeline and increasing material and logistics costs. In the GCC markets, KSA and the UAE recorded steady increases, supported by strong demand from Vision 2030 projects in KSA and sustained construction activity in the UAE, alongside labour constraints and material cost pressures. Other markets experienced more moderate increases, reflecting similar cost-side pressures.

In Q2 2026, concrete prices across APAC and the GCC are expected to increase in most markets, supported by strong project demand and higher energy and transport costs linked to the Middle East conflict, although the pace of increase is likely to vary. The most notable rises are expected in Taiwan, Japan, India, the KSA and UAE. Taiwan is likely to see strong growth, driven by semiconductor facility construction, carbon emission fees and rising input costs. Japan is also expected to increase due to higher imported energy costs and currency pressures. In the GCC, KSA and the UAE are expected to face upward cost pressure, with price trends likely to mirror movements in cement prices. India is also expected to rise, driven by infrastructure demand and higher energy costs, while Singapore may see some easing as earlier cost pressures moderate.

Looking ahead to Q3 and Q4 2026, price increases are expected to continue but at a slower pace in most markets. Concrete prices in the KSA, UAE and Taiwan are likely to remain elevated.