Indonesia: 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 Indonesia

The Indonesian articles of fiber cement market fell to $X in 2022, waning by -7.4% against the previous year. Overall, consumption recorded a abrupt contraction. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, articles of fiber cement production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of 29%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from Indonesia

For the fifth consecutive year, Indonesia recorded growth in shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like, which increased by 1.1% to X tons in 2022. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 128% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, articles of fiber cement exports skyrocketed to $X in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 119%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Philippines (X tons) was the main destination for articles of fiber cement exports from Indonesia, with a 32% share of total exports. Moreover, articles of fiber cement exports to the Philippines exceeded the volume sent to the second major destination, Ghana (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines amounted to +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (+27.7% per year) and South Korea (+195.9% per year).

In value terms, the Philippines ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Indonesia, comprising 31% of total exports. The second position in the ranking was held by South Korea ($X), with a 10% share of total exports. It was followed by Ghana, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value to the Philippines stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+194.5% per year) and Ghana (+30.7% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, rising by 35% against the previous year. In general, the export price recorded a slight increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Myanmar ($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 Poland (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Indonesia

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into Indonesia; reducing by -29.6% on the year before. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports fell notably to $X in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of articles of fiber cement to Indonesia, with a 80% share of total imports. Moreover, articles of fiber cement imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. Malaysia (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled +37.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.5% per year) and Malaysia (-26.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Indonesia, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 24% share of total imports. It was followed by Malaysia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand stood at +28.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.4% per year) and Malaysia (-27.5% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, rising by 2.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The growth pace was the most rapid in 2020 an increase of 29%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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