Thailand: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in Thailand

The Thai cellulose fibrecement sheet market fell to $X in 2022, with a decrease of -11.1% against the previous year. Overall, consumption recorded a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Cellulose Fibrecement Sheet Production in Thailand

In value terms, cellulose fibrecement sheet production expanded markedly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +8.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Cellulose fibrecement sheet production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from Thailand

In 2022, exports of sheets, panels and tiles of cellulose fibrecement from Thailand skyrocketed to X tons, growing by 16% compared with 2021 figures. Overall, exports showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 69%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cellulose fibrecement sheet exports rose sharply to $X in 2022. Over the period under review, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 56% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The Philippines (X tons), Myanmar (X tons) and Vietnam (X tons) were the main destinations of cellulose fibrecement sheet exports from Thailand, together comprising 66% of total exports. Lao People's Democratic Republic, Cambodia, Australia and Malaysia lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +109.7%), 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) were the largest markets for cellulose fibrecement sheet exported from Thailand worldwide, with a combined 59% share of total exports. Vietnam, Australia, Cambodia and Malaysia lagged somewhat behind, together comprising a further 27%.

Among the main countries of destination, Australia, with a CAGR of +109.3%, recorded the highest rates of growth with regard to 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 cellulose fibrecement sheet export price amounted to $X per ton, falling by -1.8% against the previous year. Over the period under review, the export price recorded a slight downturn. The growth pace was the most rapid in 2019 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 Australia (-0.1%), while the prices for the other major destinations experienced a decline.

Cellulose Fibrecement Sheet Imports

Imports into Thailand

In 2022, after two years of decline, there was significant growth in overseas purchases of sheets, panels and tiles of cellulose fibrecement, when their volume increased by 65% to X tons. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 127%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cellulose fibrecement sheet imports skyrocketed to $X in 2022. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2019 with an increase of 97% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) was the main cellulose fibrecement sheet supplier to Thailand, accounting for a 90% share of total imports. Moreover, cellulose fibrecement sheet imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+67.7% per year) and Malaysia (-26.4% per year).

In value terms, China ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to Thailand, comprising 81% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+53.2% per year) and Malaysia (-8.3% per year).

Import Prices by Country

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, shrinking by -11.5% against the previous year. In general, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2020 when the average import price increased by 87%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+24.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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