Asia: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Asia

The Asian market for articles of asbestos-cement, of cellulose fibre-cement was finally on the rise to reach $X in 2021, after eight years of decline. Overall, consumption, however, saw a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Asia

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded slightly to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt setback. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports in Asia

In 2021, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement increased by 20% to X tons, rising for the fourth consecutive year after five years of decline. Overall, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement soared to $X in 2021. In general, exports, however, saw a slight descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Thailand (X tons) was the main exporter of articles of asbestos-cement, of cellulose fibre-cement, comprising 41% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with an 18% share, followed by China (12%), Uzbekistan (12%), Kyrgyzstan (5.1%) and Indonesia (5%). Vietnam (X tons) followed a long way behind the leaders.

Exports from Thailand increased at an average annual rate of +5.6% from 2012 to 2021. At the same time, Uzbekistan (+32.5%), Indonesia (+10.7%) and Vietnam (+3.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Asia, with a CAGR of +32.5% from 2012-2021. By contrast, Kyrgyzstan (-4.4%), Kazakhstan (-5.3%) and China (-8.4%) illustrated a downward trend over the same period. Thailand (+17 p.p.), Uzbekistan (+12 p.p.) and Indonesia (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Kyrgyzstan, Kazakhstan and China saw its share reduced by -2.3%, -10.3% and -13.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest articles of asbestos-cement, of cellulose fibre-cement supplying countries in Asia were China ($X), Thailand ($X) and Kazakhstan ($X), with a combined 75% share of total exports. These countries were followed by Kyrgyzstan, Uzbekistan, Indonesia and Vietnam, which together accounted for a further 17%.

Uzbekistan, with a CAGR of +27.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, growing by 10% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 18% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports in Asia

In 2021, overseas purchases of articles of asbestos-cement, of cellulose fibre-cement increased by 1.9% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 47%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement soared to $X in 2021. In general, imports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2016 when imports increased by 51% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kazakhstan (X tons), distantly followed by Azerbaijan (X tons), Kyrgyzstan (X tons), Lao People's Democratic Republic (X tons) and Tajikistan (X tons) represented the major importers of articles of asbestos-cement, of cellulose fibre-cement, together mixing up 78% of total imports. Malaysia (X tons), Pakistan (X tons), Cambodia (X tons), China (X tons) and Myanmar (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +52.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) constitutes the largest market for imported articles of asbestos-cement, of cellulose fibre-cement in Asia, comprising 23% of total imports. The second position in the ranking was taken by Azerbaijan ($X), with an 8.7% share of total imports. It was followed by Lao People's Democratic Republic, with a 7.8% share.

In Kazakhstan, imports of articles of asbestos-cement, of cellulose fibre-cement plunged by an average annual rate of -7.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (-0.7% per year) and Lao People's Democratic Republic (+20.1% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, with an increase of 34% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+21.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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