U.S.: 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 the U.S.

The U.S. articles of fiber cement market rose modestly to $X in 2022, growing by 1.5% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; afterwards, it flattened through to 2022.

Production of Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like in the U.S.

In value terms, articles of fiber cement production amounted to $X in 2022. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 21% against the previous year. Articles of fiber cement production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports from the U.S.

Articles of fiber cement exports from the United States reduced modestly to X tons in 2022, with a decrease of -4.5% against 2021 figures. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 32%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, articles of fiber cement exports fell slightly to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. As a result, the exports reached the peak of $X, and then contracted modestly in the following year.

Exports by Country

Canada (X tons) was the main destination for articles of fiber cement exports from the United States, with a 72% share of total exports. Moreover, articles of fiber cement exports to Canada exceeded the volume sent to the second major destination, the UK (X tons), fourfold. Denmark (X tons) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.8% per year) and Denmark (+0.6% per year).

In value terms, Canada ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from the United States, comprising 84% of total exports. The second position in the ranking was held by the UK ($X), with an 8.4% share of total exports. It was followed by the Netherlands, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.6% per year) and the Netherlands (+65.3% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 15% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the UK ($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 the UK (+2.5%), 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 the U.S.

For the fourth year in a row, the United States recorded growth in purchases abroad of articles of asbestos-cement, cellulose fiber-cement or the like, which increased by 7.5% to X tons in 2022. Overall, imports posted a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by 46%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, articles of fiber cement imports skyrocketed to $X in 2022. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2016 when imports increased by 35% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

El Salvador (X tons), Mexico (X tons) and Japan (X tons) were the main suppliers of articles of fiber cement imports to the United States, together comprising 85% of total imports. Canada and China lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Mexico ($X) and Canada ($X) were the largest articles of fiber cement suppliers to the United States, with a combined 72% share of total imports.

Among the main suppliers, Canada, with a CAGR of +44.8%, saw 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

The average articles of fiber cement import price stood at $X per ton in 2022, increasing by 14% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 18%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 Canada ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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