Middle East: 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 the Middle East

The Middle Eastern articles of fiber cement market reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption saw a pronounced descent. The most prominent rate of growth was recorded in 2017 when the market value increased by 5.9% against the previous year. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in the Middle East

In value terms, articles of fiber cement production rose modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 14%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

Exports in the Middle East

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported in the Middle East totaled X tons, increasing by 3.8% against 2021 figures. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +113.0% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, articles of fiber cement exports totaled $X in 2022. Over the period under review, exports recorded a moderate increase. The most prominent rate of growth was recorded in 2017 when exports increased by 64%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Turkey prevails in exports structure, amounting to X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), constituting a 6.8% share of total exports. The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to articles of fiber cement exports from Turkey stood at +3.4%. At the same time, Saudi Arabia (+14.9%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +14.9% from 2012-2022. By contrast, the United Arab Emirates (-18.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Saudi Arabia increased by +14 and +4.8 percentage points, respectively.

In value terms, Turkey ($X) remains the largest articles of fiber cement supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled +4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+12.3% per year) and the United Arab Emirates (-10.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, leveling off at the previous year. Export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement export price increased by +24.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by 41% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+9.8%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in the Middle East

In 2022, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like increased by 9.4% to X tons, rising for the third year in a row after four years of decline. Total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.6% 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 +34.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, articles of fiber cement imports stood at $X in 2022. Total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% 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 +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importer of articles of asbestos-cement, cellulose fiber-cement or the like in the Middle East, with the volume of imports resulting at X tons, which was approx. 46% of total imports in 2022. Qatar (X tons) held the second position in the ranking, distantly followed by Israel (X tons), Iraq (X tons) and Oman (X tons). All these countries together took near 47% share of total imports. Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to articles of fiber cement imports into the United Arab Emirates stood at +3.2%. At the same time, Qatar (+16.7%), Kuwait (+12.1%), Iraq (+11.0%) and Israel (+8.9%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +16.7% from 2012-2022. Oman experienced a relatively flat trend pattern. While the share of Qatar (+15 p.p.), Iraq (+5.4 p.p.), Israel (+4.7 p.p.) and the United Arab Emirates (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest articles of fiber cement importing markets in the Middle East were the United Arab Emirates ($X), Iraq ($X) and Israel ($X), with a combined 65% share of total imports.

Iraq, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 the Middle East stood at $X per ton in 2022, dropping by -8.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 29%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iraq (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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