U.S.: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in the U.S.

In 2022, the U.S. cellulose fibrecement sheet market increased by 4% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a relatively flat trend pattern. Cellulose fibrecement sheet consumption peaked in 2022 and is likely to continue growth in the near future.

Cellulose Fibrecement Sheet Production in the U.S.

In value terms, cellulose fibrecement sheet production dropped modestly to $X in 2022. In general, production recorded a slight setback. The pace of growth appeared the most rapid in 2018 when the production volume increased by 23%. Cellulose fibrecement sheet production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports from the U.S.

In 2022, the amount of sheets, panels and tiles of cellulose fibrecement exported from the United States declined slightly to X tons, reducing by -4.6% compared with the year before. In general, total exports indicated a buoyant expansion 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 +27.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of X tons, and then contracted slightly in the following year.

In value terms, cellulose fibrecement sheet exports dropped modestly 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 +6.6% 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 +45.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Canada (X tons) was the main destination for cellulose fibrecement sheet exports from the United States, with a 73% share of total exports. Moreover, cellulose fibrecement sheet exports to Canada exceeded the volume sent to the second major destination, the UK (X tons), fourfold. The third position in this ranking was taken by Denmark (X tons), with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada stood at +4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+9.9% per year) and Denmark (+0.6% per year).

In value terms, Canada ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from the United States, comprising 86% of total exports. The second position in the ranking was held by the UK ($X), with an 8.6% share of total exports. It was followed by the Netherlands, with a 1.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+12.7% per year) and the Netherlands (+70.5% per year).

Export Prices by Country

The average cellulose fibrecement sheet export price stood at $X per ton in 2022, approximately mirroring the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 12%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

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 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.

Cellulose Fibrecement Sheet Imports

Imports into the U.S.

In 2022, the amount of sheets, panels and tiles of cellulose fibrecement imported into the United States rose notably to X tons, surging by 7.7% against the previous year. In general, imports posted resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 50%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, cellulose fibrecement sheet imports skyrocketed to $X in 2022. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 45% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

El Salvador (X tons), Mexico (X tons) and Japan (X tons) were the main suppliers of cellulose fibrecement sheet imports to the United States, with a combined 87% share of total imports. Canada and China lagged somewhat behind, together accounting for a further 9.1%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +84.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, El Salvador ($X), Mexico ($X) and Canada ($X) were the largest cellulose fibrecement sheet suppliers to the United States, with a combined 76% share of total imports.

In terms of the main suppliers, Canada, with a CAGR of +80.4%, saw the highest growth rate of 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 cellulose fibrecement sheet import price amounted to $X per ton, picking up by 14% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained 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 Mexico (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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