MENA: 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 MENA

The MENA's articles of fiber cement market expanded slightly to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption showed a deep setback. 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 MENA

In value terms, articles of fiber cement production reached $X in 2023 estimated in export price. In general, production saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth failed to regain momentum.

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

Exports in MENA

In 2023, exports of articles of asbestos-cement, cellulose fiber-cement or the like in MENA declined to X tons, which is down by X% on the previous year's figure. Overall, exports recorded a slight descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, articles of fiber cement exports dropped dramatically to $X in 2023. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of export peaked at $X in 2022, and then dropped sharply in the following year.

Exports by Country

Turkey prevails in exports structure, finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by Saudi Arabia (X tons), generating a X% share of total exports. The following exporters - the United Arab Emirates (X tons) and Tunisia (X tons) - each finished at a X% share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of articles of asbestos-cement, cellulose fiber-cement or the like. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. By contrast, the United Arab Emirates (X%) and Tunisia (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) and Tunisia (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest articles of fiber cement supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, shrinking by X% against the previous year. Export price indicated a modest expansion 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. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in MENA

In 2023, purchases abroad 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. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, articles of fiber cement imports rose to $X in 2023. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X tons), Turkey (X tons) and Qatar (X tons) was the main importer of articles of asbestos-cement, cellulose fiber-cement or the like in MENA, generating X% of total import. Iraq (X tons) ranks next in terms of the total imports with a X% share, followed by Oman (X%), Algeria (X%) and Israel (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of fiber cement importing markets in MENA were Iraq ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Iraq ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform