Eastern Asia: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Eastern Asia

The East Asian cellulose fibrecement sheet market was estimated at $X in 2022, increasing by 3% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Eastern Asia

In value terms, cellulose fibrecement sheet production stood at $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 57%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Cellulose Fibrecement Sheet Exports

Exports in Eastern Asia

In 2022, after three years of growth, there was decline in overseas shipments of sheets, panels and tiles of cellulose fibrecement, when their volume decreased by -4.8% to X tons. Total exports indicated resilient growth 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 +71.3% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then fell slightly in the following year.

In value terms, cellulose fibrecement sheet exports skyrocketed to $X in 2022. Over the period under review, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2019 when exports increased by 30% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. 95% of total exports in 2022. Taiwan (Chinese) (X tons) and Japan (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +5.1% from 2012 to 2022. At the same time, Japan (+11.6%) and Taiwan (Chinese) (+5.4%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +11.6% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cellulose fibrecement sheet supplier in Eastern Asia, comprising 95% of total exports. The second position in the ranking was taken by Japan ($X), with a 2.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +11.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+7.0% per year) and Taiwan (Chinese) (+3.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. As a result, the export price attained the peak level 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 ($X per ton), while Taiwan (Chinese) ($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 (+5.8%), while the other leaders experienced a decline in the export price figures.

Cellulose Fibrecement Sheet Imports

Imports in Eastern Asia

In 2022, approx. X tons of sheets, panels and tiles of cellulose fibrecement were imported in Eastern Asia; declining by -4.3% compared with the year before. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.8% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33%. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, cellulose fibrecement sheet imports expanded remarkably to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2017 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons) and South Korea (X tons) dominates imports structure, together making up 89% of total imports. It was distantly followed by Hong Kong SAR (X tons), mixing up a 6.7% share of total imports. The following importers - Japan (X tons) and China (X tons) - each resulted at a 3.9% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cellulose fibrecement sheet importing markets in Eastern Asia were South Korea ($X), Taiwan (Chinese) ($X) and Japan ($X), with a combined 84% share of total imports.

South Korea, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, with an increase of 12% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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