Southern 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 Southern Asia

The South Asian articles of fiber cement market shrank to $X in 2022, declining by -5.2% against the previous year. Over the period under review, consumption showed a mild decrease. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

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

In value terms, articles of fiber cement production fell slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable decline. The pace of growth appeared the most rapid in 2014 with an increase of 14%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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

Exports in Southern Asia

Articles of fiber cement exports skyrocketed to X tons in 2022, jumping by 39% on 2021 figures. In general, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 78% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, articles of fiber cement exports surged to $X in 2022. Overall, exports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when exports increased by 57% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

India dominates exports structure, resulting at X tons, which was approx. 91% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), achieving an 8.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to articles of fiber cement exports from India stood at +11.1%. At the same time, Sri Lanka (+104.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +104.6% from 2012-2022. While the share of Sri Lanka (+8.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-7.8 p.p.) displayed negative dynamics.

In value terms, India ($X) remains the largest articles of fiber cement supplier in Southern Asia, comprising 84% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 16% share of total exports.

In India, articles of fiber cement exports increased at an average annual rate of +5.6% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 14%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-5.0%).

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

Imports in Southern Asia

Articles of fiber cement imports contracted rapidly to X tons in 2022, reducing by -39.7% on 2021. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 70% against the previous year. As a result, imports attained the peak of X tons, and then reduced markedly in the following year.

In value terms, articles of fiber cement imports dropped significantly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +25.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

The purchases of the three major importers of articles of asbestos-cement, cellulose fiber-cement or the like, namely Nepal, India and Pakistan, represented more than two-thirds of total import. Maldives (X tons) ranks next in terms of the total imports with a 4.9% share, followed by Bangladesh (4.7%). Bhutan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +28.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Nepal ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 84% share of total imports. Bangladesh, Maldives and Bhutan lagged somewhat behind, together comprising a further 15%.

Bangladesh, with a CAGR of +32.6%, saw 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 Southern Asia stood at $X per ton in 2022, increasing by 17% against the previous year. Overall, the import price, however, recorded a slight curtailment. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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