Australia: 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 Australia

After two years of growth, the Australian articles of fiber cement market decreased by X% to $X in 2023. In general, consumption, however, showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

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

In value terms, articles of fiber cement production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

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

Exports from Australia

After four years of growth, overseas shipments of articles of asbestos-cement, cellulose fiber-cement or the like decreased by X% to X tons in 2023. Overall, exports faced a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2022, and then shrank rapidly in the following year.

In value terms, articles of fiber cement exports dropped markedly to $X in 2023. Over the period under review, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell dramatically in the following year.

Exports by Country

Indonesia (X tons), New Zealand (X tons) and Papua New Guinea (X tons) were the main destinations of articles of fiber cement exports from Australia, with a combined X% share of total exports. Cocos (Keeling) Islands, Vanuatu, Fiji, Nauru and Singapore lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Vanuatu (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for articles of fiber cement exported from Australia were New Zealand ($X), Indonesia ($X) and Papua New Guinea ($X), with a combined X% share of total exports. Vanuatu, Fiji, Cocos (Keeling) Islands, Singapore and Nauru lagged somewhat behind, together comprising a further X%.

Cocos (Keeling) Islands, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average articles of fiber cement export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, showed prominent growth. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Nauru ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (X%), 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 Australia

In 2023, overseas purchases of articles of asbestos-cement, cellulose fiber-cement or the like decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then shrank sharply in the following year.

In value terms, articles of fiber cement imports dropped dramatically to $X in 2023. In general, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then dropped markedly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of articles of fiber cement to Australia, accounting for a X% share of total imports. Moreover, articles of fiber cement imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), sixfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of articles of asbestos-cement, cellulose fiber-cement or the like to Australia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average articles of fiber cement import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, articles of fiber cement import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2023 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Malaysia ($X per ton), while the price for Austria ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform