India: Cellulose Fibrecement Sheet Market 2024

Cellulose Fibrecement Sheet Market Size in India

The Indian cellulose fibrecement sheet market declined to $X in 2022, reducing by X% against the previous year. In general, consumption saw a pronounced decrease. The pace of growth appeared the most rapid in 2021 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Cellulose Fibrecement Sheet Production in India

In value terms, cellulose fibrecement sheet production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Cellulose fibrecement sheet production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cellulose Fibrecement Sheet Exports

Exports from India

In 2022, shipments abroad of sheets, panels and tiles of cellulose fibrecement increased by X% to X tons, rising for the fifth year in a row after two years of decline. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, cellulose fibrecement sheet exports soared to $X in 2022. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for cellulose fibrecement sheet exports from India, with a X% share of total exports. Moreover, cellulose fibrecement sheet exports to the United Arab Emirates exceeded the volume sent to the second major destination, Qatar (X tons), twofold. The third position in this ranking was held by Nepal (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (X% per year) and Nepal (X% per year).

In value terms, the largest markets for cellulose fibrecement sheet exported from India were the United Arab Emirates ($X), Nepal ($X) and Qatar ($X), together accounting for X% of total exports. The UK, Oman, Maldives, Kuwait and Saudi Arabia lagged somewhat behind, together comprising a further X%.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cellulose fibrecement sheet export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 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 Maldives ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

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

Cellulose Fibrecement Sheet Imports

Imports into India

In 2022, the amount of sheets, panels and tiles of cellulose fibrecement imported into India declined rapidly to X tons, falling by X% on the previous year. In general, imports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cellulose fibrecement sheet imports fell notably to $X in 2022. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted markedly in the following year.

Imports by Country

In 2022, Thailand (X tons) was the main supplier of cellulose fibrecement sheet to India, with a X% share of total imports. Moreover, cellulose fibrecement sheet imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of sheets, panels and tiles of cellulose fibrecement to India, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average cellulose fibrecement sheet import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform