Australia and Oceania: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Australia and Oceania

In 2022, the market for articles of cellulose fibre-cement, not containing asbestos in Australia and Oceania decreased by -14.5% to $X, falling for the second consecutive year after six years of growth. In general, consumption, however, recorded a buoyant expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Australia and Oceania

In value terms, production of articles of cellulose fibre-cement, not containing asbestos expanded sharply to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 181% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in Australia and Oceania

In 2022, shipments abroad of articles of cellulose fibre-cement, not containing asbestos increased by 24% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,948%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos expanded remarkably to $X in 2022. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 2,952% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

The biggest shipments were from Australia (X tons), together recording 100% of total export.

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. From 2012 to 2022, the share of Australia increased by +4.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest articles of cellulose fibre-cement, not containing asbestos supplier in Australia and Oceania.

In Australia, exports of articles of cellulose fibre-cement, not containing asbestos increased at an average annual rate of +74.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, dropping by -10.6% against the previous year. In general, the export price, however, enjoyed a measured increase. The pace of growth appeared the most rapid in 2018 an increase of 87% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +2.0% per year.

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

Imports in Australia and Oceania

In 2022, the amount of articles of cellulose fibre-cement, not containing asbestos imported in Australia and Oceania shrank slightly to X tons, declining by -1.5% on the previous year's figure. Overall, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2015 with an increase of 268% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos reduced to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.5% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 55% against the previous year. The level of import peaked at $X in 2021, and then dropped modestly in the following year.

Imports by Country

Australia represented the key importing country with an import of around X tons, which reached 77% of total imports. It was distantly followed by Papua New Guinea (X tons), creating a 17% share of total imports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to articles of cellulose fibre-cement, not containing asbestos imports into Australia stood at +2.3%. At the same time, Papua New Guinea (+5.9%) and Fiji (+5.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +5.9% from 2012-2022. While the share of Papua New Guinea (+5.6 p.p.) and Australia (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in Australia and Oceania, comprising 78% of total imports. The second position in the ranking was taken by Papua New Guinea ($X), with a 16% share of total imports.

In Australia, imports of articles of cellulose fibre-cement, not containing asbestos increased at an average annual rate of +7.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Papua New Guinea (+10.8% per year) and Fiji (+6.0% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, shrinking by -2.7% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2016 when the import price increased by 81% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then dropped slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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