China: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in China

After two years of decline, the Chinese market for articles of asbestos-cement, of cellulose fibre-cement increased by 3.1% to $X in 2021. Overall, consumption, however, recorded a slight descent. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in China

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement rose modestly to $X in 2021 estimated in export price. In general, production, however, showed a mild decline. The pace of growth appeared the most rapid in 2015 when the production volume increased by 9.9%. As a result, production reached the peak level of $X. From 2016 to 2021, production of growth failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from China

In 2021, the amount of articles of asbestos-cement, of cellulose fibre-cement exported from China shrank modestly to X tons, standing approx. at 2020 figures. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 78%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement soared to $X in 2021. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 105% against the previous year. Over the period under review, the exports of hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Ghana (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from China, with a 44% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Ghana exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), threefold. Vietnam (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ghana amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+124.1% per year) and Vietnam (+20.6% per year).

In value terms, the largest markets for articles of asbestos-cement, of cellulose fibre-cement exported from China were the United Arab Emirates ($X), Vietnam ($X) and Ghana ($X), together comprising 56% of total exports.

The United Arab Emirates, with a CAGR of +105.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, increasing by 20% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for articles of asbestos-cement, of cellulose fibre-cement increased by +97.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 63%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Mongolia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into China

In 2021, purchases abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -16.9% to X tons, falling for the third year in a row after seven years of growth. Over the period under review, imports, however, posted a perceptible increase. The most prominent rate of growth was recorded in 2014 when imports increased by 108% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement totaled $X in 2021. In general, imports saw a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 51% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) was the main supplier of articles of asbestos-cement, of cellulose fibre-cement to China, with a 94% share of total imports. It was followed by Japan (X tons), with a 1.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand stood at +37.0%.

In value terms, Thailand ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to China, comprising 89% of total imports. The second position in the ranking was held by Japan ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand stood at +7.2%.

Import Prices by Country

The average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, growing by 27% against the previous year. In general, the import price, however, continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 34%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for Japan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-3.8%).

Source: IndexBox Platform

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