Japan: 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 Japan

The Japanese articles of fiber cement market shrank slightly to $X in 2022, reducing by -2% against the previous year. Over the period under review, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

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

In value terms, articles of fiber cement production fell to $X in 2022 estimated in export price. In general, production faced a deep downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by 18%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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

Exports from Japan

In 2022, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -3.1% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 178% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, articles of fiber cement exports dropped markedly to $X in 2022. Over the period under review, total exports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 127% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons) was the main destination for articles of fiber cement exports from Japan, with a 56% share of total exports. Moreover, articles of fiber cement exports to Australia exceeded the volume sent to the second major destination, New Zealand (X tons), threefold. The third position in this ranking was held by Russia (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+17.8% per year) and Russia (-5.5% per year).

In value terms, Australia ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Japan, comprising 54% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 19% share of total exports. It was followed by Russia, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +20.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+13.1% per year) and Russia (-8.7% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, dropping by -21.1% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2019 an increase of 11%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($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 Taiwan (Chinese) (-2.0%), 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 Japan

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a mild setback. The pace of growth was the most pronounced in 2019 with an increase of 45%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of fiber cement imports soared to $X in 2022. In general, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of articles of fiber cement to Japan, with a 54% share of total imports. Moreover, articles of fiber cement imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-7.6% per year) and South Korea (+1.3% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Japan, comprising 85% of total imports. The second position in the ranking was taken by South Korea ($X), with a 7.1% share of total imports. It was followed by Vietnam, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +23.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-2.5% per year) and Vietnam (-4.3% per year).

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, surging by 60% against the previous year. Overall, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Vietnam ($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 (+17.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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