Asia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Asia

The Asian market for articles of cellulose fibre-cement, not containing asbestos amounted to $X in 2022, standing approx. at the previous year. Overall, consumption continues to indicate a remarkable increase. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Asia

In value terms, production of articles of cellulose fibre-cement, not containing asbestos contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 51% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports in Asia

In 2022, approx. X tons of articles of cellulose fibre-cement, not containing asbestos were exported in Asia; dropping by -25.2% on the previous year's figure. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 37%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos reduced remarkably to $X in 2022. In general, exports saw a noticeable setback. The pace of growth was the most pronounced in 2015 when exports increased by 127%. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) and China (X tons) represented roughly 45% of total exports in 2022. Thailand (X tons) held the next position in the ranking, followed by Indonesia (X tons), Vietnam (X tons), Iran (X tons) and India (X tons). All these countries together took approx. 41% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +44.5%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest articles of cellulose fibre-cement, not containing asbestos supplier in Asia, comprising 54% of total exports. The second position in the ranking was held by Vietnam ($X), with a 9.7% share of total exports. It was followed by India, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +7.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+8.0% per year) and India (+2.4% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by 9.2% against the previous year. Overall, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2015 when the export price increased by 65% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the other leaders experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports in Asia

In 2022, imports of articles of cellulose fibre-cement, not containing asbestos in Asia declined remarkably to X tons, reducing by -16.9% on the previous year. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos reduced remarkably to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 26%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

Japan (X tons) and Singapore (X tons) were the main importers of articles of cellulose fibre-cement, not containing asbestos in 2022, accounting for approx. 20% and 18% of total imports, respectively. Kazakhstan (X tons) ranks next in terms of the total imports with a 7.3% share, followed by Lao People's Democratic Republic (6.8%), Oman (6.6%), Iraq (5.8%), Malaysia (5.7%) and Vietnam (5%). South Korea (X tons), Pakistan (X tons), Taiwan (Chinese) (X tons), Bhutan (X tons) and Brunei Darussalam (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in Asia, comprising 51% of total imports. The second position in the ranking was held by Japan ($X), with a 10% share of total imports. It was followed by Malaysia, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam stood at +11.9%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+3.5% per year) and Malaysia (+12.4% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, flattening at the previous year. In general, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when the import price increased by 48% against the previous year. The level of import peaked at $X per ton in 2021, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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