Cellulose Fibrecement Sheet Prices in China

China Cellulose Fibrecement Sheet Export Price in September 2022

In September 2022, the cellulose fibrecement sheet price stood at $681 per ton (FOB, China), growing by 8.3% against the previous month. Over the last eight months, it increased at an average monthly rate of +1.9%. The pace of growth appeared the most rapid in April 2022 an increase of 30% month-to-month. The export price peaked at $819 per ton in June 2022; however, from July 2022 to September 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Taiwan (Chinese) ($981 per ton), while the average price for exports to the Philippines ($205 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

China Cellulose Fibrecement Sheet Export Prices by Type

Average prices varied somewhat for the major types of exported product. In July 2022, the product with the highest price was cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets ($680 per ton), while the average price for exports of cellulose fibre-cement articles or the like; corrugated sheets amounted to $500 per ton.

From January 2022 to July 2022, the most notable rate of growth in terms of prices was recorded for the following types: cellulose fibre-cement articles or the like; corrugated sheets (+13.0%).

China Cellulose Fibrecement Sheet Exports

In September 2022, after three months of growth, there was significant decline in overseas shipments of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -27.6% to 16K tons. Over the period under review, exports showed a perceptible downturn. The pace of growth was the most pronounced in March 2022 with an increase of 55% against the previous month. The exports peaked at 22K tons in August 2022, and then dropped markedly in the following month.

In value terms, cellulose fibrecement sheet exports reduced remarkably to $11M (IndexBox estimates) in September 2022. In general, exports showed a pronounced decline. The pace of growth appeared the most rapid in March 2022 with an increase of 70% against the previous month. The exports peaked at 14K tons in August 2022, and then reduced remarkably in the following month.

China Cellulose Fibrecement Sheet Exports by Type

Cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets (19K tons) was the largest type of cellulose fibrecement sheet exported from China, accounting for a 99.9% share of total exports. It was followed by cellulose fibre-cement articles or the like; corrugated sheets (5.6 tons), with less than 0.1% share of total exports.

From January 2022 to July 2022, the average monthly growth rate of the volume of export of cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets amounted to -2.9%.

In value terms, cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets ($13M) remains the largest type of cellulose fibrecement sheet exported from China, comprising 99.9% of total exports. The second position in the ranking was held by cellulose fibre-cement articles or the like; corrugated sheets ($2.8K), with less than 0.1% share of total exports.

From January 2022 to July 2022, the average monthly growth rate of the export volume of cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets was relatively modest.

China Cellulose Fibrecement Sheet Exports by Country

South Korea (2.2K tons), Hong Kong SAR (2K tons) and the UK (1.8K tons) were the main destinations of cellulose fibrecement sheet exports from China, with a combined 37% share of total exports. These countries were followed by Australia, Singapore, the Philippines, Indonesia, the United States, Bangladesh, Taiwan (Chinese), Belgium, Papua New Guinea and Uzbekistan, which together accounted for a further 44%.

From January 2022 to September 2022, the biggest increases were in Bangladesh (with a CAGR of +44.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cellulose fibrecement sheet exported from China were Hong Kong SAR ($1.5M), Australia ($1.3M) and South Korea ($1M), together comprising 35% of total exports. These countries were followed by Singapore, the UK, Taiwan (Chinese), Indonesia, the United States, Bangladesh, Papua New Guinea, Belgium, the Philippines and Uzbekistan, which together accounted for a further 32%.

Among the main countries of destination, Bangladesh, with a CAGR of +37.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform