Latin America and the Caribbean: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Latin America and the Caribbean

In 2021, the Latin American market for articles of asbestos-cement, of cellulose fibre-cement was finally on the rise to reach $X for the first time since 2012, thus ending a eight-year declining trend. In general, consumption, however, showed a abrupt setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Latin America and the Caribbean

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement rose sharply to $X in 2021 estimated in export price. In general, production, however, recorded a deep slump. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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

Exports in Latin America and the Caribbean

In 2021, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement increased by 22% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, showed a abrupt descent. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement skyrocketed to $X in 2021. Overall, exports, however, recorded a precipitous setback. Over the period under review, the exports of hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in fibre-cement structure, accounting for X tons, which was near 92% of total exports in 2021. The following exporters - Panama (X tons), Colombia (X tons), Costa Rica (X tons) and Mexico (X tons) - each amounted to a 7.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to articles of asbestos-cement, of cellulose fibre-cement exports from Brazil stood at -12.4%. At the same time, Costa Rica (+33.6%) and Panama (+26.2%) displayed positive paces of growth. Moreover, Costa Rica emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +33.6% from 2012-2021. By contrast, Mexico (-35.0%) and Colombia (-41.7%) illustrated a downward trend over the same period. While the share of Brazil (+44 p.p.), Panama (+2.2 p.p.) and Costa Rica (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Mexico (-11 p.p.) and Colombia (-36.6 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest articles of asbestos-cement, of cellulose fibre-cement supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was taken by Mexico ($X), with a 6.3% share of total exports. It was followed by Colombia, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at -14.7%. In the other countries, the average annual rates were as follows: Mexico (-28.5% per year) and Colombia (-41.0% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2017 an increase of 11%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil ($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 (+10.0%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Latin America and the Caribbean

In 2021, supplies from abroad of articles of asbestos-cement, of cellulose fibre-cement increased by 2.9% to X tons, rising for the second consecutive year after six years of decline. In general, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 61%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement shrank modestly to $X in 2021. Over the period under review, imports, however, faced a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 68%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

Paraguay prevails in fibre-cement structure, reaching X tons, which was approx. 80% of total imports in 2021. It was distantly followed by Curacao (X tons), comprising a 9.4% share of total imports. Panama (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to articles of asbestos-cement, of cellulose fibre-cement imports into Paraguay stood at -18.0%. At the same time, Curacao (+41.4%) displayed positive paces of growth. Moreover, Curacao emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +41.4% from 2012-2021. By contrast, Panama (-4.7%) illustrated a downward trend over the same period. While the share of Paraguay (+14 p.p.), Curacao (+9.3 p.p.) and Panama (+2.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Paraguay ($X) constitutes the largest market for imported articles of asbestos-cement, of cellulose fibre-cement in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was taken by Curacao ($X), with an 11% share of total imports.

In Paraguay, imports of articles of asbestos-cement, of cellulose fibre-cement declined by an average annual rate of -20.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Curacao (+40.9% per year) and Panama (-4.3% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per ton, declining by -5.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 8.8% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Panama ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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