Australia: 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

The Australian articles of fiber cement market was estimated at $X in 2022, picking up by 6.8% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, articles of fiber cement production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when the production volume increased by 57%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports from Australia

In 2022, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like increased by 1.4% to X tons, rising for the third year in a row after two years of decline. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 114% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, articles of fiber cement exports stood at $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 176% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

New Zealand (X tons) was the main destination for articles of fiber cement exports from Australia, accounting for a 97% share of total exports. It was followed by Papua New Guinea (X tons), with a 2.1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-5.7% per year) and Indonesia (-1.9% per year).

In value terms, New Zealand ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Australia, comprising 97% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-1.4% per year) and Indonesia (-0.5% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2021 an increase of 61% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Australia

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Australia; rising by 34% against the previous year's figure. Over the period under review, imports showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, articles of fiber cement imports surged to $X in 2022. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 63%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest articles of fiber cement supplier to Australia, accounting for a 51% share of total imports. Moreover, articles of fiber cement imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fourfold. Austria (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+59.8% per year) and Austria (+80.7% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Australia, comprising 51% of total imports. The second position in the ranking was held by Malaysia ($X), with a 14% share of total imports. It was followed by Austria, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+81.9% per year) and Austria (+60.3% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, with an increase of 10% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 +19.9% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 45%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and China ($X per ton), while the price for Thailand ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :