Latin America and the Caribbean: 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 Latin America and the Caribbean

For the third consecutive year, the Latin American articles of fiber cement market recorded growth in sales value, which increased by 1.7% to $X in 2022. Over the period under review, consumption, however, recorded a pronounced contraction. Over the period under review, the market attained the peak level 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 Latin America and the Caribbean

In value terms, articles of fiber cement production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 0.1% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

Articles of fiber cement exports reduced to X tons in 2022, declining by -10.5% against the previous year's figure. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 19%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, articles of fiber cement exports declined to $X in 2022. The total export value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, Mexico (X tons) and El Salvador (X tons) were the main exporters of articles of asbestos-cement, cellulose fiber-cement or the like in Latin America and the Caribbean, together generating 60% of total exports. Colombia (X tons) ranks next in terms of the total exports with a 16% share, followed by Brazil (8.1%) and Honduras (7.3%). Costa Rica (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Honduras (with a CAGR of +8.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest articles of fiber cement supplying countries in Latin America and the Caribbean were Mexico ($X), El Salvador ($X) and Colombia ($X), together accounting for 78% of total exports. Honduras, Costa Rica and Brazil lagged somewhat behind, together accounting for a further 17%.

In terms of the main exporting countries, Honduras, with a CAGR of +7.6%, recorded the highest rates of growth with regard to 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

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 6.6% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Costa Rica ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.4%), while the other leaders experienced more modest paces of growth.

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

Imports in Latin America and the Caribbean

In 2022, imports of articles of asbestos-cement, cellulose fiber-cement or the like in Latin America and the Caribbean fell to X tons, which is down by -7.5% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 34%. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, articles of fiber cement imports shrank slightly to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.2% 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 +39.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The countries with the highest levels of articles of fiber cement imports in 2022 were Ecuador (X tons), Panama (X tons) and El Salvador (X tons), together reaching 55% of total import. It was distantly followed by Paraguay (X tons) and Nicaragua (X tons), together making up a 10% share of total imports. The following importers - Chile (X tons), Belize (X tons), Argentina (X tons), Peru (X tons), Uruguay (X tons), Suriname (X tons), Curacao (X tons) and Bolivia (X tons) - together made up 23% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Panama (with a CAGR of +40.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of fiber cement importing markets in Latin America and the Caribbean were Panama ($X), Ecuador ($X) and El Salvador ($X), with a combined 50% share of total imports.

In terms of the main importing countries, Panama, with a CAGR of +24.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, increasing by 5.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 7.3%. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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