Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement Market

The article provides a comprehensive analysis of the global market for articles of asbestos-cement and cellulose fibre-cement, including forecasts for consumption, production, imports, and exports up to 2030. Key highlights include a projected increase in market volume and value, with consumption and production trends over the past decade. Data on top consuming and producing countries, as well as insights into import and export prices and growth rates, are also discussed.

Market Forecast

Driven by rising demand for articles of asbestos-cement, of cellulose fibre-cement worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 14M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market value to $16.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

In 2022, approx. 13M tons of articles of asbestos-cement, of cellulose fibre-cement were consumed worldwide; shrinking by -10.3% on the previous year. Overall, consumption recorded a abrupt shrinkage. Global consumption peaked at 26M tons in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The size of the market for articles of asbestos-cement, of cellulose fibre-cement worldwide fell to $15.5B in 2022, declining by -9.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption faced a dramatic slump. Over the period under review, the global market attained the maximum level at $2,273.4B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (3M tons), the United States (2.1M tons) and India (1.2M tons), together comprising 47% of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +0.2%), while fibre-cement for the other global leaders experienced a decline in the consumption figures.

In value terms, the United States ($5.4B) led the market, alone. The second position in the ranking was held by China ($1.7B). It was followed by Japan.

From 2012 to 2022, the average annual growth rate of value in the United States was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: China (-2.1% per year) and Japan (-4.6% per year).

The countries with the highest levels of articles of asbestos-cement, of cellulose fibre-cement per capita consumption in 2022 were the United States (6.1 kg per person), France (4.4 kg per person) and the UK (3.4 kg per person).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of -0.4%), while fibre-cement for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

In 2022, the amount of articles of asbestos-cement, of cellulose fibre-cement produced worldwide shrank to 13M tons, reducing by -10.2% compared with the previous year. Overall, production saw a deep reduction. The growth pace was the most rapid in 2021 when the production volume increased by 23% against the previous year. Global production peaked at 25M tons in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement contracted modestly to $13.6B in 2022 estimated in export price. Over the period under review, production showed a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 8.3%. Over the period under review, global production of hit record highs at $21.3B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (3M tons), the United States (2.1M tons) and India (1.2M tons), together comprising 47% of global production.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +0.2%), while fibre-cement for the other global leaders experienced a decline in the production figures.

Imports

World Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

In 2022, purchases abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by -41.1% to 163K tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 32% against the previous year. Global imports peaked at 412K tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement fell significantly to $46M in 2022. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 29%. Over the period under review, global imports of hit record highs at $125M in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, Kazakhstan (33K tons), Azerbaijan (23K tons), Lao People's Democratic Republic (21K tons), Kyrgyzstan (15K tons) and Myanmar (15K tons) was the largest importer of articles of asbestos-cement, of cellulose fibre-cement in the world, mixing up 65% of total import. It was distantly followed by Moldova (8.9K tons), achieving a 5.5% share of total imports. Pakistan (5.5K tons), Russia (4.9K tons), Malaysia (4.9K tons), Togo (4K tons), Free Zones (3.8K tons), Tajikistan (2.9K tons) and Cambodia (2.8K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Free Zones (with a CAGR of +65.9%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest articles of asbestos-cement, of cellulose fibre-cement importing markets worldwide were Kazakhstan ($6M), Lao People's Democratic Republic ($4.7M) and Azerbaijan ($3.8M), with a combined 32% share of global imports. Moldova, Myanmar, Kyrgyzstan, Malaysia, Russia, Free Zones, Pakistan, Cambodia, Togo and Tajikistan lagged somewhat behind, together accounting for a further 25%.

Pakistan, with a CAGR of +69.6%, saw the highest growth rate of the value of imports, in terms of 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 import price for articles of asbestos-cement, of cellulose fibre-cement stood at $282 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 19% against the previous year. Global import price peaked at $328 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($299 per ton), while Kyrgyzstan ($109 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+15.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

In 2022, approx. 183K tons of articles of asbestos-cement, of cellulose fibre-cement were exported worldwide; with a decrease of -35.1% compared with the previous year's figure. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 56%. Over the period under review, the global exports of hit record highs at 366K tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement contracted to $50M in 2022. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The global exports peaked at $102M in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports By Country

The shipments of the three major exporters of articles of asbestos-cement, of cellulose fibre-cement, namely Russia, Thailand and Kyrgyzstan, represented more than half of total export. It was distantly followed by Kazakhstan (15K tons), Brazil (13K tons) and China (12K tons), together comprising a 22% share of total exports. Belarus (7.1K tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kyrgyzstan (with a CAGR of +13.5%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest articles of asbestos-cement, of cellulose fibre-cement supplying countries worldwide were China ($13M), Russia ($9.8M) and Thailand ($8.4M), together comprising 62% of global exports. Kyrgyzstan, Brazil, Kazakhstan and Belarus lagged somewhat behind, together accounting for a further 24%.

Belarus, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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 export price for articles of asbestos-cement, of cellulose fibre-cement stood at $276 per ton in 2022, jumping by 35% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The global export price peaked at $292 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 China ($1,143 per ton), while Kazakhstan ($129 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform