South Africa: 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 South Africa

The South African articles of fiber cement market reduced to $X in 2022, with a decrease of -6.7% against the previous year. Overall, consumption showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 4.1% against the previous year. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in South Africa

In value terms, articles of fiber cement production shrank to $X in 2022 estimated in export price. In general, production continues to indicate a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by 7.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from South Africa

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from South Africa amounted to X tons, picking up by 4.8% compared with the year before. Over the period under review, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +26.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, articles of fiber cement exports expanded slightly to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Malawi (X tons) was the main destination for articles of fiber cement exports from South Africa, accounting for a 40% share of total exports. Moreover, articles of fiber cement exports to Malawi exceeded the volume sent to the second major destination, Namibia (X tons), twofold. Mozambique (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malawi totaled +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (-3.4% per year) and Mozambique (+8.8% per year).

In value terms, the largest markets for articles of fiber cement exported from South Africa were Malawi ($X), Namibia ($X) and Swaziland ($X), together accounting for 64% of total exports.

In terms of the main countries of destination, Malawi, with a CAGR of +23.9%, 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 average articles of fiber cement export price stood at $X per ton in 2022, with a decrease of -3% against the previous year. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+1.5%), while the prices for the other major destinations experienced a decline.

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

Imports into South Africa

For the fifth year in a row, South Africa recorded decline in overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like, which decreased by -36.5% to X tons in 2022. In general, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 45%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, articles of fiber cement imports dropped notably to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), Italy (X tons) and India (X tons) were the main suppliers of articles of fiber cement imports to South Africa, together comprising 75% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +65.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest articles of fiber cement suppliers to South Africa were Thailand ($X), Italy ($X) and India ($X), with a combined 71% share of total imports.

Italy, with a CAGR of +40.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, picking up by 5.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 27%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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