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

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

The Asia-Pacific market for articles of cellulose fibre-cement, not containing asbestos stood at $X in 2022, approximately equating the previous year. Overall, consumption recorded a prominent increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of articles of cellulose fibre-cement, not containing asbestos dropped to $X in 2022 estimated in export price. Overall, production enjoyed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 54%. Over the period under review, production of reached the maximum level at $X in 2019; afterwards, it flattened through to 2022.

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

Exports in Asia-Pacific

In 2022, after two years of growth, there was significant decline in overseas shipments of articles of cellulose fibre-cement, not containing asbestos, when their volume decreased by -26.3% to X tons. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 47% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos shrank to $X in 2022. Over the period under review, exports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2015 when exports increased by 144%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Australia represented the key exporter of articles of cellulose fibre-cement, not containing asbestos in Asia-Pacific, with the volume of exports amounting to X tons, which was approx. 45% of total exports in 2022. China (X tons) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (10%), Indonesia (9.4%) and Vietnam (7.2%). India (X tons) and South Korea (X tons) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the articles of cellulose fibre-cement, not containing asbestos exports, with a CAGR of +70.6% from 2012 to 2022. At the same time, Indonesia (+9.5%) and Vietnam (+3.0%) displayed positive paces of growth. India experienced a relatively flat trend pattern. By contrast, China (-2.0%), South Korea (-2.8%) and Thailand (-27.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia, China, Indonesia, Vietnam and India increased by +45, +11, +8.1, +5.4 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos supplying countries in Asia-Pacific were Australia ($X), China ($X) and Vietnam ($X), with a combined 88% share of total exports.

Australia, with a CAGR of +74.0%, saw 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

The export price in Asia-Pacific stood at $X per ton in 2022, with an increase of 25% against the previous year. Overall, the export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by 71% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Indonesia ($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-Pacific

In 2022, overseas purchases of articles of cellulose fibre-cement, not containing asbestos increased by 4.6% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Over the period under review, imports of attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 19% against the previous year. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

The countries with the highest levels of imports of articles of cellulose fibre-cement, not containing asbestos in 2022 were Australia (X tons), Japan (X tons) and Singapore (X tons), together accounting for 59% of total import. Lao People's Democratic Republic (X tons) took the next position in the ranking, followed by Malaysia (X tons), Vietnam (X tons) and Papua New Guinea (X tons). All these countries together took approx. 22% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lao People's Democratic Republic (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in Asia-Pacific, comprising 50% of total imports. The second position in the ranking was held by Australia ($X), with a 13% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled +11.9%. The remaining importing countries recorded the following average annual rates of imports growth: Australia (+7.2% per year) and Japan (+3.5% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, which is down by -7.7% against the previous year. Overall, the import price, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 52% against the previous year. The level of import peaked at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per ton), while Singapore ($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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