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

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

In 2021, the East Asian market for articles of asbestos-cement, of cellulose fibre-cement was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 7.3% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Eastern Asia

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Over the period under review, production of attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in Eastern Asia

In 2021, exports of articles of asbestos-cement, of cellulose fibre-cement in Eastern Asia expanded modestly to X tons, picking up by 1.8% against 2020. Over the period under review, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 71% against the previous year. Over the period under review, the exports of reached the maximum 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 surged to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 54% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates fibre-cement structure, reaching X tons, which was near 96% of total exports in 2021. Japan (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to articles of asbestos-cement, of cellulose fibre-cement exports from China stood at -8.4%. Japan (-4.6%) illustrated a downward trend over the same period. While the share of China (-2.1 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest articles of asbestos-cement, of cellulose fibre-cement supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by Japan ($X), with an 8% share of total exports.

In China, exports of articles of asbestos-cement, of cellulose fibre-cement remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, with an increase of 19% against the previous year. Export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +8.1% over the last nine years. 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 +16.5% against 2018 indices. The growth pace was the most rapid in 2014 when the export price increased by 67% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.4%).

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

Imports in Eastern Asia

In 2021, purchases abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -15.4% to X tons, falling for the fourth consecutive year after six years of growth. Over the period under review, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement skyrocketed to $X in 2021. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 when imports increased by 77%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China represented the key importer of articles of asbestos-cement, of cellulose fibre-cement in Eastern Asia, with the volume of imports reaching X tons, which was near 72% of total imports in 2021. It was distantly followed by Democratic People's Republic of Korea (X tons) and Taiwan (Chinese) (X tons), together committing a 25% share of total imports. Hong Kong SAR (X tons) took a minor share of total imports.

China was also the fastest-growing in terms of the articles of asbestos-cement, of cellulose fibre-cement imports, with a CAGR of +3.9% from 2012 to 2021. Taiwan (Chinese) experienced a relatively flat trend pattern. Democratic People's Republic of Korea (-6.4%) and Hong Kong SAR (-29.7%) illustrated a downward trend over the same period. While the share of China (+37 p.p.) and Taiwan (Chinese) (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Democratic People's Republic of Korea (-4.8 p.p.) and Hong Kong SAR (-33.2 p.p.) displayed negative dynamics.

In value terms, China ($X), Taiwan (Chinese) ($X) and Democratic People's Republic of Korea ($X) were the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +17.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 50% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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