United Kingdom: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in the UK

For the third consecutive year, the UK cellulose fibrecement sheet market recorded growth in sales value, which increased by 9.3% to $X in 2022. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.9% 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 +49.3% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in the near future.

Cellulose Fibrecement Sheet Production in the UK

In value terms, cellulose fibrecement sheet production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1.9%. Cellulose fibrecement sheet production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cellulose Fibrecement Sheet Exports

Exports from the UK

In 2022, the amount of sheets, panels and tiles of cellulose fibrecement exported from the UK reduced to X tons, which is down by -13% against the previous year's figure. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 41%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, cellulose fibrecement sheet exports surged to $X in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X tons) was the main destination for cellulose fibrecement sheet exports from the UK, accounting for a 59% share of total exports. Moreover, cellulose fibrecement sheet exports to Ireland exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. Nigeria (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ireland amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+1,554.3% per year) and Nigeria (+47.0% per year).

In value terms, Ireland ($X) remains the key foreign market for sheets, panels and tiles of cellulose fibrecement exports from the UK, comprising 48% of total exports. The second position in the ranking was taken by Nigeria ($X), with a 12% share of total exports. It was followed by Ghana, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+37.6% per year) and Ghana (+52.1% per year).

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, with an increase of 50% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cellulose fibrecement sheet export price increased by +120.1% against 2016 indices. As a result, the export price attained the peak level and is likely to continue 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 Ghana ($X per ton), while the average price for exports to Belgium ($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 Czech Republic (+80.0%), while the prices for the other major destinations experienced more modest paces of growth.

Cellulose Fibrecement Sheet Imports

Imports into the UK

Cellulose fibrecement sheet imports into the UK reduced to X tons in 2022, dropping by -6.5% on the previous year. Over the period under review, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +9.4% 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 +20.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, cellulose fibrecement sheet imports expanded significantly to $X in 2022. In general, imports, however, enjoyed strong growth. The growth pace was the most rapid in 2014 with an increase of 42% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X tons), the United States (X tons) and China (X tons) were the main suppliers of cellulose fibrecement sheet imports to the UK, together accounting for 47% of total imports. Belgium, Italy, Ireland, India, France, Turkey, Canada, Germany, Malaysia and Lithuania lagged somewhat behind, together comprising a further 49%.

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 ($X), the United States ($X) and Belgium ($X) appeared to be the largest cellulose fibrecement sheet suppliers to the UK, with a combined 48% share of total imports. The Czech Republic, Ireland, Italy, India, Germany, France, Turkey, Lithuania, Malaysia and Canada lagged somewhat behind, together comprising a further 47%.

Canada, with a CAGR of +117.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Malaysia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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