Cellulose Fibrecement Sheet Market

The global market for cellulose fibrecement sheet is expected to steadily increase in both volume and value from 2022 to 2030. China leads in consumption, with the Philippines showing the highest growth rates. Thailand is the major exporter of cellulose fibrecement sheets. Overall, the market is forecasted to see a positive growth trajectory in the coming years.

Market Forecast

Driven by rising demand for cellulose fibrecement sheet worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.4% for the period from 2022 to 2030, which is projected to bring the market volume to 12M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.6% for the period from 2022 to 2030, which is projected to bring the market value to $7.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Sheets, Panels And Tiles Of Cellulose Fibrecement

In 2022, consumption of sheets, panels and tiles of cellulose fibrecement increased by 1.7% to 11M tons, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, saw a noticeable descent. As a result, consumption attained the peak volume of 16M tons. From 2014 to 2022, the growth of the global consumption failed to regain momentum.

The global cellulose fibrecement sheet market size reached $6B in 2022, increasing by 2.9% 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). Overall, consumption, however, saw a pronounced downturn. As a result, consumption attained the peak level of $8.8B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

China (1.9M tons) remains the largest cellulose fibrecement sheet consuming country worldwide, comprising approx. 17% of total volume. Moreover, cellulose fibrecement sheet consumption in China exceeded the figures recorded by the second-largest consumer, India (749K tons), threefold. The third position in this ranking was taken by the United States (623K tons), with a 5.6% share.

In China, cellulose fibrecement sheet consumption remained relatively stable over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (-2.0% per year) and the United States (+0.9% per year).

In value terms, the largest cellulose fibrecement sheet markets worldwide were China ($864M), the United States ($522M) and Japan ($253M), together comprising 27% of the global market. India, the UK, Russia, Bangladesh, Brazil, Pakistan, the Philippines, Mexico, Nigeria and Indonesia lagged somewhat behind, together comprising a further 22%.

The Philippines, with a CAGR of +12.2%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of cellulose fibrecement sheet per capita consumption in 2022 were the UK (5.1 kg per person), the Philippines (3.9 kg per person) and Russia (2.1 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the Philippines (with a CAGR of +14.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Sheets, Panels And Tiles Of Cellulose Fibrecement

In 2022, global cellulose fibrecement sheet production stood at 11M tons, stabilizing at the year before. In general, production, however, recorded a noticeable slump. The pace of growth appeared the most rapid in 2013 when the production volume increased by 13% against the previous year. As a result, production reached the peak volume of 16M tons. From 2014 to 2022, global production growth failed to regain momentum.

In value terms, cellulose fibrecement sheet production expanded modestly to $5.8B in 2022 estimated in export price. Overall, production, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2013 when the production volume increased by 14% against the previous year. As a result, production reached the peak level of $9.1B. From 2014 to 2022, global production growth remained at a lower figure.

Production By Country

The countries with the highest volumes of production in 2022 were China (2.2M tons), Thailand (1.1M tons) and India (864K tons), with a combined 36% share of global production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Thailand (with a CAGR of +12.6%), while production for the other global leaders experienced a decline in the production figures.

Imports

World Imports of Sheets, Panels And Tiles Of Cellulose Fibrecement

Global cellulose fibrecement sheet imports rose to 2.7M tons in 2022, with an increase of 4.2% against the previous year's figure. Overall, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +6.8% 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 +93.7% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cellulose fibrecement sheet imports rose sharply to $1.6B in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +43.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 32%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports By Country

In 2022, the Philippines (444K tons), followed by the United States (275K tons), the UK (214K tons), Canada (149K tons) and Denmark (131K tons) were the main importers of sheets, panels and tiles of cellulose fibrecement, together achieving 45% of total imports. Taiwan (Chinese) (121K tons), New Zealand (86K tons), South Korea (82K tons), France (71K tons), the United Arab Emirates (62K tons), Ireland (60K tons), Germany (51K tons) and Lao People's Democratic Republic (50K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by New Zealand (with a CAGR of +27.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest cellulose fibrecement sheet importing markets worldwide were the United States ($162M), Canada ($157M) and the UK ($136M), with a combined 29% share of global imports. The Philippines, New Zealand, Denmark, France, South Korea, Germany, Taiwan (Chinese), Ireland, the United Arab Emirates and Lao People's Democratic Republic lagged somewhat behind, together comprising a further 31%.

In terms of the main importing countries, New Zealand, with a CAGR of +36.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets was the key imported product with an import of around 2.4M tons, which reached 85% of total imports. It was distantly followed by cellulose fibre-cement articles or the like; corrugated sheets (416K tons), creating a 15% share of total imports.

Cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets was also the fastest-growing in terms of imports, with a CAGR of +10.5% from 2012 to 2022. cellulose fibre-cement articles or the like; corrugated sheets (-2.1%) illustrated a downward trend over the same period. Cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets (+22 p.p.) significantly strengthened its position in terms of the global imports, while cellulose fibre-cement articles or the like; corrugated sheets saw its share reduced by -22% from 2012 to 2022, respectively.

In value terms, cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets ($1.4B) constitutes the largest type of sheets, panels and tiles of cellulose fibrecement imported worldwide, comprising 89% of global imports. The second position in the ranking was held by cellulose fibre-cement articles or the like; corrugated sheets ($175M), with an 11% share of global imports.

From 2012 to 2022, the average annual growth rate of the value of cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets imports totaled +9.7%.

Import Prices By Type

The average cellulose fibrecement sheet import price stood at $573 per ton in 2022, growing by 4.5% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. 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 years to come.

Average prices varied somewhat amongst the major imported products. In 2022, the product with the highest price was cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets ($588 per ton), while the price for cellulose fibre-cement articles or the like; corrugated sheets stood at $421 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by cellulose fibre-cement articles or the like; corrugated sheets (-0.0%).

Import Prices By Country

In 2022, the average cellulose fibrecement sheet import price amounted to $573 per ton, surging by 4.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure 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 New Zealand ($1,055 per ton), while Lao People's Democratic Republic ($187 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.

Exports

World Exports of Sheets, Panels And Tiles Of Cellulose Fibrecement

In 2022, the amount of sheets, panels and tiles of cellulose fibrecement exported worldwide reached 2.9M tons, growing by 3% on the previous year's figure. In general, total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 20%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, cellulose fibrecement sheet exports totaled $1.4B in 2022. Overall, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 24%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports By Country

Thailand was the major exporter of sheets, panels and tiles of cellulose fibrecement in the world, with the volume of exports recording 989K tons, which was approx. 34% of total exports in 2022. China (218K tons) held the second position in the ranking, followed by the United States (198K tons), Malaysia (184K tons), the Czech Republic (139K tons) and India (137K tons). All these countries together held approx. 30% share of total exports. Belgium (128K tons), Indonesia (103K tons), El Salvador (78K tons), Italy (72K tons), Colombia (65K tons), Finland (59K tons) and Lithuania (55K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to cellulose fibrecement sheet exports from Thailand stood at +19.4%. At the same time, Indonesia (+37.1%), India (+16.2%), Lithuania (+11.1%), Colombia (+7.7%), El Salvador (+6.7%), the United States (+5.8%), Finland (+5.7%) and China (+5.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +37.1% from 2012-2022. The Czech Republic and Belgium experienced a relatively flat trend pattern. By contrast, Malaysia (-1.8%) and Italy (-4.2%) illustrated a downward trend over the same period. While the share of Thailand (+24 p.p.), Indonesia (+3.3 p.p.) and India (+2.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of the Czech Republic (-3 p.p.), Belgium (-3.6 p.p.), Italy (-4.2 p.p.) and Malaysia (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest cellulose fibrecement sheet supplying countries worldwide were Thailand ($202M), the United States ($191M) and China ($145M), together accounting for 39% of global exports. Belgium, the Czech Republic, Malaysia, Italy, Finland, El Salvador, Lithuania, India, Indonesia and Colombia lagged somewhat behind, together comprising a further 34%.

In terms of the main exporting countries, Indonesia, with a CAGR of +35.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

In 2022, cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets (2.5M tons) represented the largest type of sheets, panels and tiles of cellulose fibrecement, generating 86% of total exports. It was distantly followed by cellulose fibre-cement articles or the like; corrugated sheets (426K tons), committing a 14% share of total exports.

Cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets was also the fastest-growing in terms of exports, with a CAGR of +8.9% from 2012 to 2022. cellulose fibre-cement articles or the like; corrugated sheets (-2.9%) illustrated a downward trend over the same period. Cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets (+20 p.p.) significantly strengthened its position in terms of the global exports, while cellulose fibre-cement articles or the like; corrugated sheets saw its share reduced by -20.3% from 2012 to 2022, respectively.

In value terms, cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets ($1.2B) remains the largest type of sheets, panels and tiles of cellulose fibrecement supplied worldwide, comprising 87% of global exports. The second position in the ranking was held by cellulose fibre-cement articles or the like; corrugated sheets ($176M), with a 13% share of global exports.

For cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets, exports increased at an average annual rate of +7.1% over the period from 2012-2022.

Export Prices By Type

The average cellulose fibrecement sheet export price stood at $474 per ton in 2022, remaining constant against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12%. Over the period under review, the average export prices hit record highs at $518 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exported products. In 2022, the product with the highest price was cellulose fibre-cement articles or the like; sheets, panels, tiles and similar articles, other than corrugated sheets ($481 per ton), while the average price for exports of cellulose fibre-cement articles or the like; corrugated sheets stood at $414 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by cellulose fibre-cement articles or the like; corrugated sheets (+0.1%).

Export Prices By Country

In 2022, the average cellulose fibrecement sheet export price amounted to $474 per ton, remaining relatively unchanged against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12% against the previous year. The global export price peaked at $518 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($963 per ton), while Thailand ($204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform