Philippines: Market for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos 2024

Market Size for Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in the Philippines

The Philippine market for articles of cellulose fibre-cement, not containing asbestos dropped modestly to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a significant expansion. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos in the Philippines

In value terms, production of articles of cellulose fibre-cement, not containing asbestos dropped modestly to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Exports from the Philippines

In 2022, after two years of growth, there was significant decline in shipments abroad of articles of cellulose fibre-cement, not containing asbestos, when their volume decreased by X% to X tons. Over the period under review, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of articles of cellulose fibre-cement, not containing asbestos reduced rapidly to $X in 2022. In general, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of articles of cellulose fibre-cement, not containing asbestos from the Philippines, accounting for a X% share of total exports. Moreover, exports of articles of cellulose fibre-cement, not containing asbestos to the United States exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%.

In value terms, the United States ($X) emerged as the key foreign market for articles of cellulose fibre-cement, not containing asbestos exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

In 2022, the average export price for articles of cellulose fibre-cement, not containing asbestos amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price, however, posted a slight expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export 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 United States stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Cellulose Fibre-Cement, Not Containing Asbestos

Imports into the Philippines

In 2022, overseas purchases of articles of cellulose fibre-cement, not containing asbestos decreased by X% to X tons, falling for the fourth year in a row after five years of growth. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of articles of cellulose fibre-cement, not containing asbestos reduced rapidly to $X in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

South Korea (X tons), China (X tons) and the United States (X kg) were the main suppliers of imports of articles of cellulose fibre-cement, not containing asbestos to the Philippines, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X.4%), while imports for the other leaders experienced a decline.

In value terms, the largest articles of cellulose fibre-cement, not containing asbestos suppliers to the Philippines were the United States ($X), China ($X) and Japan ($X), with a combined X% share of total imports. South Korea, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for articles of cellulose fibre-cement, not containing asbestos stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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