United Kingdom: 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 UK

The UK articles of fiber cement market expanded to $X in 2022, picking up by 1.7% against the previous year. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +33.9% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in years to come.

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

In value terms, articles of fiber cement production contracted to $X in 2022 estimated in export price. In general, production recorded a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of 8.5%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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

Exports from the UK

For the third consecutive year, the UK recorded decline in overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like, which decreased by -0.4% to X tons in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2016 when exports increased by 61%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, articles of fiber cement exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2016 with an increase of 40% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Ireland (X tons) was the main destination for articles of fiber cement exports from the UK, accounting for a 48% share of total exports. Moreover, articles of fiber cement exports to Ireland exceeded the volume sent to the second major destination, Nigeria (X tons), tenfold. The third position in this ranking was held by the Netherlands (X tons), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+72.8% per year) and the Netherlands (+10.0% per year).

In value terms, Ireland ($X) remains the key foreign market for articles of asbestos-cement, cellulose fiber-cement or the like exports from the UK, comprising 39% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 6.9% share of total exports. It was followed by Ghana, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland totaled +2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+66.0% per year) and Ghana (+42.9% per year).

Export Prices by Country

In 2022, the average articles of fiber cement export price amounted to $X per ton, growing by 35% against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 export price increased by +75.2% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ghana ($X per ton), while the average price for exports to Denmark ($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 Ghana (+20.9%), 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 UK

In 2022, approx. X tons of articles of asbestos-cement, cellulose fiber-cement or the like were imported into the UK; dropping by -4.1% on 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Imports peaked at X tons in 2021, and then dropped slightly in the following year.

In value terms, articles of fiber cement imports stood at $X in 2022. Overall, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +10.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of 38% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

Imports by Country

China (X tons), the Czech Republic (X tons) and the United States (X tons) were the main suppliers of articles of fiber cement imports to the UK, together accounting for 49% of total imports. Belgium, Italy, Ireland, India, France, Turkey, Canada, Germany, Malaysia and Lithuania lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +144.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to the UK, comprising 26% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +31.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.2% per year) and Belgium (+8.8% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2022, growing by 5.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 8.1% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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