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

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

The GCC market for articles of cellulose fibre-cement, not containing asbestos rose sharply to $X in 2022, surging by 13% against the previous year. Over the period under review, consumption saw a buoyant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of articles of cellulose fibre-cement, not containing asbestos rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 484%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in GCC

In 2022, the amount of articles of cellulose fibre-cement, not containing asbestos exported in GCC fell rapidly to X tons, with a decrease of -39.6% on the previous year's figure. Over the period under review, exports, however, saw a perceptible increase. The most prominent rate of growth was recorded in 2016 when exports increased by 243% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos shrank rapidly to $X in 2022. In general, exports, however, continue to indicate a pronounced increase. The pace of growth appeared the most rapid in 2017 with an increase of 125%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) and Saudi Arabia (X tons) prevails in asbestos structure, together constituting 94% of total exports. The following exporters - Oman (X tons) and Bahrain (X tons) - each amounted to a 4.3% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +13.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2022, with a combined 95% share of total exports.

Saudi Arabia, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by 36% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.4%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in GCC

In 2022, the amount of articles of cellulose fibre-cement, not containing asbestos imported in GCC reduced remarkably to X tons, waning by -75.1% against the previous year. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 137% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos reduced remarkably to $X in 2022. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Oman (X tons) represented the major importer of articles of cellulose fibre-cement, not containing asbestos, making up 76% of total imports. It was distantly followed by Kuwait (X tons) and the United Arab Emirates (X tons), together making up a 17% share of total imports. Qatar (X tons) and Bahrain (X tons) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the articles of cellulose fibre-cement, not containing asbestos imports, with a CAGR of +12.3% from 2012 to 2022. Kuwait (-1.8%), Bahrain (-23.2%), Qatar (-29.0%) and the United Arab Emirates (-35.1%) illustrated a downward trend over the same period. While the share of Oman (+73 p.p.) and Kuwait (+9.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-2.3 p.p.), Qatar (-10 p.p.) and the United Arab Emirates (-47.2 p.p.) displayed negative dynamics.

In value terms, Oman ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in GCC, comprising 66% of total imports. The second position in the ranking was held by Bahrain ($X), with a 14% share of total imports. It was followed by Kuwait, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Oman amounted to +15.9%. In the other countries, the average annual rates were as follows: Bahrain (-8.9% per year) and Kuwait (-1.0% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price posted resilient growth. The pace of growth appeared the most rapid in 2020 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+20.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform