India: 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 India

The Indian articles of fiber cement market contracted to $X in 2022, waning by -3.8% against the previous year. Overall, consumption recorded a mild downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

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

In value terms, articles of fiber cement production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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

Exports from India

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were exported from India; jumping by 30% against 2021 figures. In general, exports saw a remarkable increase. The growth pace was the most rapid in 2014 with an increase of 78%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, articles of fiber cement exports surged to $X in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 55%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for articles of fiber cement exports from India, accounting for a 38% share of total exports. Moreover, articles of fiber cement exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), twofold. Nepal (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+27.0% per year) and Nepal (+13.2% per year).

In value terms, the United Arab Emirates ($X), Nepal ($X) and Qatar ($X) constituted the largest markets for articles of fiber cement exported from India worldwide, together accounting for 66% of total exports. The UK, Oman, Maldives, Saudi Arabia and Kuwait lagged somewhat behind, together comprising a further 20%.

Among the main countries of destination, the UK, with a CAGR of +111.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, with a decrease of -3.7% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-1.2%), while the prices for the other major destinations experienced a decline.

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

Imports into India

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into India; declining by -19% compared with the year before. Over the period under review, imports, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports reduced remarkably to $X in 2022. In general, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 +36.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 72%. As a result, imports attained the peak of $X, and then dropped rapidly in the following year.

Imports by Country

In 2022, Thailand (X tons) was the main articles of fiber cement supplier to India, accounting for a 90% share of total imports. Moreover, articles of fiber cement imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+124.5% per year) and China (-10.6% per year).

In value terms, Thailand ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to India, comprising 76% of total imports. The second position in the ranking was held by China ($X), with a 6.9% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Thailand totaled +6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.5% per year) and Indonesia (+113.7% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, shrinking by -1.8% against the previous year. Overall, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($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 (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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