Spain: 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 Spain

In 2022, the Spanish articles of fiber cement market was finally on the rise to reach $X for the first time since 2012, thus ending a nine-year declining trend. Overall, consumption showed a abrupt shrinkage. Articles of fiber cement 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 Spain

In value terms, articles of fiber cement production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a abrupt curtailment. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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

Exports from Spain

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like exported from Spain dropped to X tons, declining by -12.8% against 2021 figures. Over the period under review, exports saw a pronounced reduction. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports contracted to $X in 2022. Overall, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 42% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

Portugal (X tons) was the main destination for articles of fiber cement exports from Spain, accounting for a 51% share of total exports. Moreover, articles of fiber cement exports to Portugal exceeded the volume sent to the second major destination, France (X tons), twofold. Equatorial Guinea (X tons) ranked third in terms of total exports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+51.2% per year) and Equatorial Guinea (+44.7% per year).

In value terms, Portugal ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from Spain, comprising 45% of total exports. The second position in the ranking was taken by France ($X), with a 20% share of total exports. It was followed by Morocco, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+41.2% per year) and Morocco (+21.6% per year).

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, increasing by 6.2% against the previous year. Overall, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per ton), while the average price for exports to Lebanon ($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 Algeria (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Spain

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like imported into Spain reduced to X tons, shrinking by -5.8% compared with the year before. In general, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 149% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, articles of fiber cement imports rose notably to $X in 2022. Overall, imports, however, saw a remarkable increase. The pace of growth was the most pronounced in 2014 with an increase of 63%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Belgium (X tons), Portugal (X tons) and Italy (X tons) were the main suppliers of articles of fiber cement imports to Spain, with a combined 67% share of total imports. China, Germany and Indonesia lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +117.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Portugal ($X) and China ($X) constituted the largest articles of fiber cement suppliers to Spain, together comprising 72% of total imports. Italy, Germany and Indonesia lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Indonesia, with a CAGR of +93.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average articles of fiber cement import price amounted to $X per ton, rising by 17% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, articles of fiber cement import price increased by +67.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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