South-Eastern Asia: 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-Eastern Asia

The Southeast Asian articles of fiber cement market rose remarkably to $X in 2022, growing by 6.1% against the previous year. In general, consumption, however, recorded a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, articles of fiber cement production declined to $X in 2022 estimated in export price. Overall, production, however, showed a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 5.6% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports in South-Eastern Asia

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported in South-Eastern Asia amounted to X tons, flattening at 2021. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, articles of fiber cement exports totaled $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +72.1% against 2012 indices. The growth pace was the most rapid in 2018 when exports increased by 14% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Thailand dominates exports structure, amounting to X tons, which was approx. 85% of total exports in 2022. Indonesia (X tons) took an 8.5% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (5.5%).

Exports from Thailand increased at an average annual rate of +11.7% from 2012 to 2022. At the same time, Indonesia (+27.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +27.7% from 2012-2022. By contrast, Malaysia (-11.4%) illustrated a downward trend over the same period. Thailand (+26 p.p.) and Indonesia (+6.9 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia saw its share reduced by -32.9% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest articles of fiber cement supplier in South-Eastern Asia, comprising 78% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total exports.

In Thailand, articles of fiber cement exports expanded at an average annual rate of +9.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+29.0% per year) and Malaysia (-12.7% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price recorded a slight downturn. The pace of growth appeared the most rapid in 2019 when the export price increased by 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.0%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

Articles of fiber cement imports surged to X tons in 2022, jumping by 31% compared with the year before. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 84% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 47% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The Philippines was the main importing country with an import of around X tons, which finished at 71% of total imports. Lao People's Democratic Republic (X tons) held the second position in the ranking, followed by Myanmar (X tons) and Malaysia (X tons). All these countries together took approx. 22% share of total imports. Cambodia (X tons) and Indonesia (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 Philippines stood at +18.3%. At the same time, Myanmar (+30.4%) and Malaysia (+6.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +30.4% from 2012-2022. By contrast, Lao People's Democratic Republic (-2.5%), Indonesia (-5.3%) and Cambodia (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines and Myanmar increased by +71 and +4.4 percentage points, respectively.

In value terms, the Philippines ($X) constitutes the largest market for imported articles of asbestos-cement, cellulose fiber-cement or the like in South-Eastern Asia, comprising 61% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total imports. It was followed by Lao People's Democratic Republic, with an 8.5% share.

In the Philippines, articles of fiber cement imports expanded at an average annual rate of +16.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+7.3% per year) and Lao People's Democratic Republic (-5.2% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, shrinking by -11.1% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2015 an increase of 9%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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