Eastern Asia: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Eastern Asia

The East Asian market for articles of cellulose fibre-cement, not containing asbestos expanded modestly to $X in 2022, surging by 1.8% against the previous year. Overall, consumption continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Eastern Asia

In value terms, production of articles of cellulose fibre-cement, not containing asbestos declined modestly to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of 62%. Over the period under review, production of attained the peak level at $X in 2019; afterwards, it flattened through to 2022.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports in Eastern Asia

Exports of articles of cellulose fibre-cement, not containing asbestos declined significantly to X tons in 2022, with a decrease of -24.4% on the year before. Overall, exports saw a slight reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 276% against the previous year. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos declined notably to $X in 2022. Over the period under review, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 305% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) was the main exporter of articles of cellulose fibre-cement, not containing asbestos, constituting 85% of total exports. It was distantly followed by South Korea (X tons), making up an 11% share of total exports. Japan (X tons) held a little share of total exports.

Exports from China decreased at an average annual rate of -2.0% from 2012 to 2022. At the same time, Japan (+26.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +26.1% from 2012-2022. By contrast, South Korea (-2.8%) illustrated a downward trend over the same period. Japan (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest articles of cellulose fibre-cement, not containing asbestos supplier in Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by South Korea ($X), with a 4.5% share of total exports.

In China, exports of articles of cellulose fibre-cement, not containing asbestos increased at an average annual rate of +7.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (-6.0% per year) and Japan (+1.4% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, increasing by 6.7% against the previous year. Over the period under review, the export price saw prominent growth. The growth pace was the most rapid in 2017 an increase of 135%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the other leaders experienced a decline in the export price figures.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports in Eastern Asia

In 2022, after two years of decline, there was significant growth in purchases abroad of articles of cellulose fibre-cement, not containing asbestos, when their volume increased by 9.8% to X tons. Overall, imports, however, faced a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 175% against the previous year. Over the period under review, imports of hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 131%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Japan represented the main importer of articles of cellulose fibre-cement, not containing asbestos in Eastern Asia, with the volume of imports resulting at X tons, which was approx. 74% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a 13% share, followed by Taiwan (Chinese) (6.8%). Macao SAR (X tons) and China (X tons) took a little share of total imports.

Imports into Japan decreased at an average annual rate of -3.5% from 2012 to 2022. At the same time, Macao SAR (+28.4%) and China (+6.1%) displayed positive paces of growth. Moreover, Macao SAR emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +28.4% from 2012-2022. By contrast, Taiwan (Chinese) (-7.0%) and South Korea (-22.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Japan, Macao SAR and Taiwan (Chinese) increased by +38, +4.3 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in Eastern Asia, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by South Korea, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan totaled +3.5%. In the other countries, the average annual rates were as follows: China (+9.3% per year) and South Korea (-11.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by 16% against the previous year. In general, the import price recorded a buoyant increase. The growth pace was the most rapid in 2016 an increase of 37%. The level of import peaked in 2022 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 ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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