Thailand: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2025

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Thailand

The Thai market for articles of asbestos-cement, of cellulose fibre-cement contracted to $X in 2021, which is down by -9.3% against the previous year. Overall, consumption saw a deep reduction. The most prominent rate of growth was recorded in 2018 when the market value decreased by -2.8%. Consumption of peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Thailand

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep setback. Production of peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Thailand

In 2021, approx. X tons of articles of asbestos-cement, of cellulose fibre-cement were exported from Thailand; picking up by 88% compared with the previous year's figure. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +97.0% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement skyrocketed to $X in 2021. In general, exports showed a measured increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Thailand, with a 57% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Cambodia (X tons), twofold. China (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Lao People's Democratic Republic totaled +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-4.9% per year) and China (+10.6% per year).

In value terms, Lao People's Democratic Republic ($X) emerged as the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from Thailand, comprising 57% of total exports. The second position in the ranking was held by Cambodia ($X), with a 27% share of total exports. It was followed by China, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value to Lao People's Democratic Republic stood at +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-6.4% per year) and China (+9.6% per year).

Export Prices by Country

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, declining by -5.4% against the previous year. Over the period under review, the export price continues to indicate a slight descent. The growth pace was the most rapid in 2018 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Myanmar ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Thailand

In 2021, the amount of articles of asbestos-cement, of cellulose fibre-cement imported into Thailand shrank sharply to X tons, waning by -18.7% against 2020 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 565% against the previous year. Over the period under review, imports of hit record highs at X tons in 2020, and then fell significantly in the following year.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement contracted rapidly to $X in 2021. In general, imports, however, continue to indicate notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 461%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) was the main supplier of articles of asbestos-cement, of cellulose fibre-cement to Thailand, with a 99% share of total imports. It was followed by India (X kg), with a 0.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Thailand, comprising 95% of total imports. The second position in the ranking was taken by India ($X), with a 0.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +5.8%.

Import Prices by Country

The average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2021, with a decrease of -17.7% against the previous year. Overall, import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for articles of asbestos-cement, of cellulose fibre-cement decreased by -43.2% against 2016 indices. The growth pace was the most rapid in 2013 an increase of 88% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+50.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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