Middle East: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in the Middle East

In 2021, the Middle Eastern market for articles of asbestos-cement, of cellulose fibre-cement increased by 8.9% to $X for the first time since 2014, thus ending a six-year declining trend. In general, consumption, however, saw a deep reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in the Middle East

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 when the production volume increased by 16% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production of growth remained at a lower figure.

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

Exports in the Middle East

For the fourth year in a row, the Middle East recorded decline in overseas shipments of articles of asbestos-cement, of cellulose fibre-cement, which decreased by -65.1% to X tons in 2021. Overall, exports saw a precipitous shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 489%. Over the period under review, the exports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement dropped significantly to $X in 2021. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 528%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Lebanon was the key exporting country with an export of around X tons, which recorded 57% of total exports. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together achieving a 40% share of total exports. Turkey (X kg) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of -25.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Lebanon ($X) remains the largest articles of asbestos-cement, of cellulose fibre-cement supplier in the Middle East, comprising 93% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.3% share of total exports. It was followed by Iran, with a 0.6% share.

In Lebanon, exports of articles of asbestos-cement, of cellulose fibre-cement expanded at an average annual rate of +3.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-31.8% per year) and Iran (-31.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 106% against the previous year. In general, the export price continues to indicate a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+38.0%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in the Middle East

In 2021, imports of articles of asbestos-cement, of cellulose fibre-cement in the Middle East surged to X tons, picking up by 157% compared with 2020. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 188%. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2021. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which reached 66% of total imports. It was distantly followed by Lebanon (X tons) and Turkey (X tons), together committing a 28% share of total imports. Israel (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +21.6% from 2012 to 2021. At the same time, Turkey (+65.6%), Israel (+63.2%) and Lebanon (+1.9%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +65.6% from 2012-2021. The United Arab Emirates (+40 p.p.), Turkey (+5.3 p.p.) and Israel (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while Lebanon saw its share reduced by -21.7% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported articles of asbestos-cement, of cellulose fibre-cement in the Middle East, comprising 76% of total imports. The second position in the ranking was held by Israel ($X), with an 8.1% share of total imports. It was followed by Lebanon, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +32.3%. In the other countries, the average annual rates were as follows: Israel (+84.8% per year) and Lebanon (+4.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, increasing by 5.4% against the previous year. Overall, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of 120%. The level of import peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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