Southern Asia: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Southern Asia

The South Asian cellulose fibrecement sheet market shrank slightly to $X in 2022, with a decrease of -4.5% against the previous year. Overall, consumption saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 3.3%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Production in Southern Asia

In value terms, cellulose fibrecement sheet production reduced to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 2.9%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports in Southern Asia

In 2022, shipments abroad of sheets, panels and tiles of cellulose fibrecement increased by 32% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2014 with an increase of 86% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, cellulose fibrecement sheet exports soared to $X in 2022. Overall, exports posted a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 59%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, finishing at X tons, which was near 94% of total exports in 2022. It was distantly followed by Sri Lanka (X tons), mixing up a 6.1% share of total exports.

Exports from India increased at an average annual rate of +14.6% from 2012 to 2022. At the same time, Sri Lanka (+106.1%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +106.1% from 2012-2022. Sri Lanka (+6.1 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -6% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest cellulose fibrecement sheet supplier in Southern Asia, comprising 92% of total exports. The second position in the ranking was held by Sri Lanka ($X), with an 8.1% share of total exports.

In India, cellulose fibrecement sheet exports expanded at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, which is down by -4.2% against the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the export price increased by 10%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood 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 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 (-5.8%).

Cellulose Fibrecement Sheet Imports

Imports in Southern Asia

In 2022, approx. X tons of sheets, panels and tiles of cellulose fibrecement were imported in Southern Asia; reducing by -22.7% against the year before. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 101% against the previous year. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, cellulose fibrecement sheet imports contracted markedly to $X in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 88%. As a result, imports reached the peak of $X, and then fell dramatically in the following year.

Imports by Country

In 2022, Nepal (X tons), Pakistan (X tons) and India (X tons) represented the major importer of sheets, panels and tiles of cellulose fibrecement in Southern Asia, making up 90% of total import. It was distantly followed by Maldives (X tons), achieving a 7.2% share of total imports. Bangladesh (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +28.5%), 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, together comprising 88% of total imports.

Pakistan, with a CAGR of +33.3%, recorded the highest growth rate of 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

In 2022, the import price in Southern Asia amounted to $X per ton, rising by 1.9% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 when the import price increased by 10% against the previous year. 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 (+3.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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