Australia and Oceania: Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like 2024

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Australia and Oceania

For the third year in a row, the articles of fiber cement market in Australia and Oceania recorded growth in sales value, which increased by 11% to $X in 2022. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +19.4% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in Australia and Oceania

In value terms, articles of fiber cement production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Exports in Australia and Oceania

In 2022, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like increased by 1.2% to X tons, rising for the third year in a row after two years of decline. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 85%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, articles of fiber cement exports reached $X in 2022. Overall, exports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by 172%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Australia prevails in exports structure, accounting for X tons, which was near 98% of total exports in 2022. New Caledonia (X tons) held a minor share of total exports.

Exports from Australia increased at an average annual rate of +18.6% from 2012 to 2022. At the same time, New Caledonia (+29.4%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +29.4% from 2012-2022. While the share of Australia (+66 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest articles of fiber cement supplier in Australia and Oceania, comprising 100% of total exports. The second position in the ranking was held by New Caledonia ($X), with a 0.1% share of total exports.

In Australia, articles of fiber cement exports expanded at an average annual rate of +28.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, approximately mirroring the previous year. In general, the export price showed strong growth. The pace of growth appeared the most rapid in 2021 an increase of 62%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Caledonia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.9%).

Imports of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Imports in Australia and Oceania

In 2022, supplies from abroad of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -0.5% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 104%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

New Zealand represented the major importing country with an import of around X tons, which resulted at 55% of total imports. It was distantly followed by Australia (X tons), achieving a 32% share of total imports. The following importers - New Caledonia (X tons), French Polynesia (X tons), Papua New Guinea (X tons) and Fiji (X tons) - together made up 9.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +27.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, New Zealand ($X), Australia ($X) and French Polynesia ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 95% of total imports.

New Zealand, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, growing by 25% against the previous year. Import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement import price increased by +51.9% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per ton), while New Caledonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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