Northern America: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Northern America

The North American market for articles of cellulose fibre-cement, not containing asbestos was estimated at $X in 2022, rising by 3.2% against the previous year. In general, consumption posted a resilient increase. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in Northern America

In value terms, production of articles of cellulose fibre-cement, not containing asbestos rose to $X in 2022 estimated in export price. Overall, production saw a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 52% against the previous year. Over the period under review, production of hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports in Northern America

Exports of articles of cellulose fibre-cement, not containing asbestos soared to X tons in 2022, increasing by 19% on the previous year. Overall, exports recorded prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by 184% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos expanded remarkably to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by 228% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States represented the largest exporting country with an export of about X tons, which amounted to 77% of total exports. It was distantly followed by Canada (X tons), constituting a 23% share of total exports.

Exports from the United States increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Canada (+35.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +35.4% from 2012-2022. Canada (+21 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -21% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest articles of cellulose fibre-cement, not containing asbestos supplier in Northern America, comprising 87% of total exports. The second position in the ranking was taken by Canada ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled +4.9%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, reducing by -4.9% against the previous year. In general, the export price saw a mild descent. The growth pace was the most rapid in 2016 an increase of 59% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.4%).

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports in Northern America

For the third year in a row, Northern America recorded growth in purchases abroad of articles of cellulose fibre-cement, not containing asbestos, which increased by 13% to X tons in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +81.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos surged to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +130.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X tons) represented the main importer of articles of cellulose fibre-cement, not containing asbestos, constituting 76% of total imports. It was distantly followed by Canada (X tons), generating a 20% share of total imports. Greenland (X tons) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to articles of cellulose fibre-cement, not containing asbestos imports into the United States stood at +3.6%. At the same time, Canada (+7.5%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +7.5% from 2012-2022. By contrast, Greenland (-3.3%) illustrated a downward trend over the same period. While the share of Canada (+5.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-2.7 p.p.) and Greenland (-2.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported articles of cellulose fibre-cement, not containing asbestos in Northern America, comprising 75% of total imports. The second position in the ranking was taken by Canada ($X), with a 22% share of total imports.

In the United States, imports of articles of cellulose fibre-cement, not containing asbestos expanded at an average annual rate of +3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+9.7% per year) and Greenland (+2.0% per year).

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, rising by 12% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by 15%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Greenland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greenland (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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