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

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

The Indian market for articles of cellulose fibre-cement, not containing asbestos was estimated at $X in 2022, increasing by 2.9% against the previous year. In general, consumption posted a remarkable increase. Over the period under review, the market hit record highs 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 India

In value terms, production of articles of cellulose fibre-cement, not containing asbestos stood at $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2014 with an increase of 71%. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from India

In 2022, exports of articles of cellulose fibre-cement, not containing asbestos from India contracted slightly to X tons, which is down by -3.9% on 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 137% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos shrank slightly to $X in 2022. In general, exports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2017 when exports increased by 90%. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from India, accounting for a 68% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold. The third position in this ranking was held by Madagascar (X tons), with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia stood at +7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-13.3% per year) and Madagascar (+321.4% per year).

In value terms, Bhutan ($X) remains the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from India, comprising 62% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total exports. It was followed by the United Arab Emirates, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Bhutan stood at +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+3.0% per year) and the United Arab Emirates (-23.2% per year).

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, stabilizing at the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for articles of cellulose fibre-cement, not containing asbestos increased by +85.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 46% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bhutan ($X per ton), while the average price for exports to Djibouti ($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 Bhutan (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into India

In 2022, approx. X tons of articles of cellulose fibre-cement, not containing asbestos were imported into India; which is down by -51.2% on the previous year's figure. Overall, imports showed a significant curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 125% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos dropped significantly to $X in 2022. Over the period under review, imports recorded a precipitous slump. The pace of growth was the most pronounced in 2017 with an increase of 271%. Over the period under review, imports of hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of articles of cellulose fibre-cement, not containing asbestos to India, with a 98% share of total imports. It was followed by Thailand (X kg), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -13.3%.

In value terms, China ($X) constituted the largest supplier of articles of cellulose fibre-cement, not containing asbestos to India, comprising 96% of total imports. The second position in the ranking was held by Thailand ($X), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -10.7%.

Import Prices by Country

In 2022, the average import price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, falling by -23.9% against the previous year. Over the period under review, the import price, however, continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 110% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then contracted rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.0%).

Source: IndexBox Platform

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