China: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in China

The Chinese cellulose fibrecement sheet market totaled $X in 2022, remaining constant against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Cellulose Fibrecement Sheet Production in China

In value terms, cellulose fibrecement sheet production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from China

In 2022, after three years of growth, there was significant decline in shipments abroad of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -5% to X tons. In general, total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.1% 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 +80.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 39% against the previous year. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, cellulose fibrecement sheet exports skyrocketed to $X in 2022. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2019 with an increase of 36%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

South Korea (X tons), the UK (X tons) and Australia (X tons) were the main destinations of cellulose fibrecement sheet exports from China, with a combined 35% share of total exports. The Philippines, Singapore, the United States, Belgium, Bangladesh, Ghana, New Zealand, Spain and Suriname lagged somewhat behind, together comprising 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 +58.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cellulose fibrecement sheet exported from China were Australia ($X), South Korea ($X) and the UK ($X), together comprising 28% of total exports. Singapore, the United States, the Philippines, Belgium, Bangladesh, Spain, New Zealand, Ghana and Suriname lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +73.7%, saw the highest growth rate of 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

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, rising by 25% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cellulose fibrecement sheet export price increased by +57.4% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Suriname ($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 Bangladesh (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into China

In 2022, the amount of sheets, panels and tiles of cellulose fibrecement imported into China surged to X tons, growing by 20% against the previous year's figure. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2016 when imports increased by 73% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cellulose fibrecement sheet imports soared to $X in 2022. In general, imports showed a temperate increase. The most prominent rate of growth was recorded in 2018 when imports increased by 43%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of cellulose fibrecement sheet to China, with a 53% share of total imports. Moreover, cellulose fibrecement sheet imports from Japan exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was taken by Indonesia (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+77.5% per year) and Indonesia (+685.3% per year).

In value terms, Japan ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to China, comprising 62% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Italy, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value from Japan totaled +15.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+33.2% per year) and Italy (+19.8% per year).

Import Prices by Country

The average cellulose fibrecement sheet import price stood at $X per ton in 2022, remaining constant against the previous year. In general, the import price enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 an increase of 98% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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