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

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

In 2021, the Indian market for articles of asbestos-cement, of cellulose fibre-cement increased by 4% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, continues to indicate a abrupt contraction. Consumption of 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 India

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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

Exports from India

After two years of growth, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement decreased by -43.5% to X tons in 2021. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 100% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement dropped rapidly to $X in 2021. Over the period under review, exports showed a precipitous curtailment. The growth pace was the most rapid in 2014 with an increase of 27% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Angola (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from India, accounting for a 58% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Angola exceeded the volume sent to the second major destination, Nepal (X tons), fivefold. The third position in this ranking was taken by Maldives (X tons), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to Angola stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (-30.8% per year) and Maldives (-6.3% per year).

In value terms, Angola ($X) remains the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from India, comprising 34% of total exports. The second position in the ranking was taken by Egypt ($X), with an 11% share of total exports. It was followed by the Philippines, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Angola stood at +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+26.6% per year) and the Philippines (0.0% per year).

Export Prices by Country

In 2021, the average export price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, remaining constant against the previous year. In general, the export price saw a perceptible downturn. The growth pace was the most rapid in 2015 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Angola ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2021, overseas purchases of articles of asbestos-cement, of cellulose fibre-cement increased by 117% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed slight growth. The pace of growth was the most pronounced in 2017 when imports increased by 3,618% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2021. Overall, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 2,133% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to India, accounting for a 66% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from Germany exceeded the figures recorded by the second-largest supplier, Mexico (X tons), fivefold. The third position in this ranking was taken by Canada (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +30.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-48.2% per year) and Canada (0.0% per year).

In value terms, Germany ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to India, comprising 46% of total imports. The second position in the ranking was held by Canada ($X), with a 22% share of total imports. It was followed by Mexico, with an 18% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (0.0% per year) and Mexico (-28.4% per year).

Import Prices by Country

In 2021, the average import price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, approximately mirroring the previous year. In general, the import price enjoyed a remarkable increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 142% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+38.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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