China: 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 China

The Chinese articles of fiber cement market reduced modestly to $X in 2022, which is down by -1.9% against the previous year. In general, consumption showed a mild reduction. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

In value terms, articles of fiber cement production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 38%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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

Exports from China

In 2022, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -5.4% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 55% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, articles of fiber cement exports rose remarkably to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 when exports increased by 55% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X tons), South Korea (X tons) and Australia (X tons) were the main destinations of articles of fiber cement exports from China, together accounting for 33% of total exports. The Philippines, Singapore, the United States, Belgium, Bangladesh, New Zealand, Myanmar, Vietnam, Spain and Indonesia lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +47.1%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), South Korea ($X) and the UK ($X) constituted the largest markets for articles of fiber cement exported from China worldwide, together comprising 25% of total exports. The United States, Singapore, Vietnam, the Philippines, Bangladesh, Indonesia, Belgium, Spain, New Zealand and Myanmar lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Bangladesh, with a CAGR of +43.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, increasing by 18% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 export price increased by +34.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to the Philippines ($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 Vietnam (+6.3%), 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 China

In 2022, purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like increased by 11% to X tons, rising for the second year in a row after four years of decline. In general, imports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2016 when imports increased by 130% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, articles of fiber cement imports expanded remarkably to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of articles of fiber cement to China, accounting for a 53% share of total imports. Moreover, articles of fiber cement imports from Japan exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Indonesia (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+113.9% per year) and Indonesia (+503.6% per year).

In value terms, Japan ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to China, comprising 50% of total imports. The second position in the ranking was held by India ($X), with a 15% share of total imports. It was followed by Thailand, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+101.6% per year) and Thailand (-11.3% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, waning by -4.4% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 decreased by -34.3% against 2018 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 113% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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