Thailand: 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 Thailand

For the third consecutive year, the Thai articles of fiber cement market recorded decline in sales value, which decreased by -10.3% to $X in 2022. Overall, consumption saw a abrupt decline. Articles of fiber cement consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

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

In value terms, articles of fiber cement production amounted to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 13% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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

Exports from Thailand

In 2022, exports of articles of asbestos-cement, cellulose fiber-cement or the like from Thailand rose notably to X tons, picking up by 11% against 2021 figures. In general, exports showed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 102%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, articles of fiber cement exports rose rapidly to $X in 2022. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons), Myanmar (X tons) and Lao People's Democratic Republic (X tons) were the main destinations of articles of fiber cement exports from Thailand, with a combined 65% share of total exports. Vietnam, Cambodia, Australia, Malaysia and India lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +122.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Myanmar ($X) and Lao People's Democratic Republic ($X) constituted the largest markets for articles of fiber cement exported from Thailand worldwide, with a combined 59% share of total exports. Vietnam, Australia, Cambodia, Malaysia and India lagged somewhat behind, together comprising a further 29%.

Among the main countries of destination, Australia, with a CAGR of +71.6%, saw the highest growth rate of 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

In 2022, the average articles of fiber cement export price amounted to $X per ton, declining by -1.6% against the previous year. Overall, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the Philippines ($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 Cambodia (-0.5%), 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 Thailand

In 2022, after two years of decline, there was significant growth in purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like, when their volume increased by 56% to X tons. Over the period under review, imports, however, showed a pronounced contraction. The pace of growth was the most pronounced in 2013 when imports increased by 144%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, articles of fiber cement imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 98%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of articles of fiber cement to Thailand, with a 88% share of total imports. Moreover, articles of fiber cement imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+66.0% per year) and Japan (-14.0% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Thailand, comprising 60% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by Belgium, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.7% per year) and Belgium (+53.2% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, with a decrease of -14.2% against the previous year. Overall, import price indicated noticeable growth 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 +99.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 72% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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