Overview of the Global Market for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

Market Size for Articles Of Asbestos-Cement, Cellulose Fiber-Cement Or The Like

The global articles of fiber cement market shrank to $X in 2022, approximately mirroring the previous year. Over the period under review, consumption showed a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 4.1%. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

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

In value terms, articles of fiber cement production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 0.7%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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

Exports

In 2022, shipments abroad of articles of asbestos-cement, cellulose fiber-cement or the like decreased by -1.2% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 14%. The global exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, articles of fiber cement exports stood at $X in 2022. The total export value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Thailand was the main exporting country with an export of about X tons, which resulted at 32% of total exports. It was distantly followed by China (X tons) and the United States (X tons), together committing a 14% share of total exports. The following exporters - India (X tons), the Czech Republic (X tons), Belgium (X tons), Russia (X tons), Mexico (X tons), Indonesia (X tons), Italy (X tons), El Salvador (X tons), Malaysia (X tons) and Turkey (X tons) - together made up 32% of total exports.

Exports from Thailand increased at an average annual rate of +11.7% from 2012 to 2022. At the same time, Indonesia (+27.7%), India (+11.1%), El Salvador (+6.5%), the United States (+5.8%), Mexico (+4.5%), Turkey (+3.4%) and China (+3.0%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.7% from 2012-2022. The Czech Republic and Belgium experienced a relatively flat trend pattern. By contrast, Italy (-2.8%), Russia (-7.8%) and Malaysia (-11.4%) illustrated a downward trend over the same period. While the share of Thailand (+18 p.p.), Indonesia (+2.8 p.p.) and India (+2.3 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Belgium (-1.6 p.p.), Italy (-2.1 p.p.), Malaysia (-7.5 p.p.) and Russia (-8.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), the United States ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 38% of global exports. Belgium, the Czech Republic, Mexico, Italy, El Salvador, Turkey, India, Indonesia, Russia and Malaysia lagged somewhat behind, together comprising a further 29%.

Indonesia, with a CAGR of +29.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average articles of fiber cement export price stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 14% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Russia ($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 (+6.6%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2022, global imports of articles of asbestos-cement, cellulose fiber-cement or the like totaled X tons, flattening at the year before. The total import volume increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Global imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, articles of fiber cement imports reached $X in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +35.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Philippines (X tons), distantly followed by the United States (X tons), the UK (X tons), Canada (X tons) and Denmark (X tons) were the major importers of articles of asbestos-cement, cellulose fiber-cement or the like, together achieving 45% of total imports. The following importers - Kazakhstan (X tons), New Zealand (X tons), France (X tons), Lao People's Democratic Republic (X tons), Germany (X tons), the United Arab Emirates (X tons), the Netherlands (X tons) and Australia (X tons) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +27.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Canada ($X) and the UK ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 29% of global imports. The Philippines, New Zealand, Denmark, Germany, the Netherlands, France, Australia, Kazakhstan, the United Arab Emirates and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 35%.

New Zealand, with a CAGR of +35.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global 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 3.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2021 an increase of 12% against the previous year. Global import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+7.0%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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