Eastern Asia: 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 Eastern Asia

The East Asian articles of fiber cement market contracted slightly to $X in 2022, declining by -2.6% against the previous year. In general, consumption showed a pronounced descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, articles of fiber cement production contracted modestly to $X in 2022 estimated in export price. In general, production recorded a noticeable slump. The pace of growth appeared the most rapid in 2015 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports in Eastern Asia

In 2022, after three years of growth, there was significant decline in shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like, when their volume decreased by -6.8% to X tons. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 47% against the previous year. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, articles of fiber cement exports expanded rapidly to $X in 2022. Overall, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 48% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 96% of total exports in 2022. Japan (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to articles of fiber cement exports from China stood at +3.0%. At the same time, Japan (+11.8%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +11.8% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest articles of fiber cement supplier in Eastern Asia, comprising 96% of total exports. The second position in the ranking was taken by Japan ($X), with a 2% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +9.8%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, jumping by 17% against the previous year. Export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 +32.8% against 2020 indices. The growth pace was the most rapid in 2015 when the export price increased by 54%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%).

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

Imports in Eastern Asia

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like imported in Eastern Asia shrank rapidly to X tons, reducing by -53.3% against 2021. In general, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 27% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, articles of fiber cement imports declined dramatically to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 19% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

South Korea represented the largest importing country with an import of about X tons, which recorded 47% of total imports. Hong Kong SAR (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons) and Japan (X tons). All these countries together took near 45% share of total imports. China (X tons), Macao SAR (X tons) and Democratic People's Republic of Korea (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to articles of fiber cement imports into South Korea stood at -3.9%. At the same time, Hong Kong SAR (+14.7%) and Macao SAR (+11.7%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +14.7% from 2012-2022. By contrast, Japan (-1.3%), China (-2.9%), Democratic People's Republic of Korea (-4.5%) and Taiwan (Chinese) (-15.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hong Kong SAR, South Korea, Japan and Macao SAR increased by +16, +8.1, +4.1 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) were the countries with the highest levels of imports in 2022, with a combined 74% share of total imports.

Among the main importing countries, Hong Kong SAR, with a CAGR of +9.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 72% against the previous year. Over the period under review, the import price continues to indicate a prominent increase. As a result, import 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 importers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($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) (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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