Philippines: 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 the Philippines

For the third year in a row, the Philippine articles of fiber cement market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption saw strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from the Philippines

In 2022, articles of fiber cement exports from the Philippines declined notably to X tons, which is down by X% on 2021. In general, exports recorded a deep contraction. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then declined rapidly in the following year.

In value terms, articles of fiber cement exports dropped slightly to $X in 2022. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for articles of fiber cement exports from the Philippines, with a X% share of total exports. Moreover, articles of fiber cement exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), eightfold. The third position in this ranking was taken by Singapore (X tons), with a X% share.

From 2017 to 2022, the average annual growth rate of volume to Taiwan (Chinese) stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and Singapore (X% per year).

In value terms, Taiwan (Chinese) ($X), Vietnam ($X) and Hong Kong SAR ($X) were the largest markets for articles of fiber cement exported from the Philippines worldwide, together accounting for X% of total exports.

Among the main countries of destination, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 articles of fiber cement export price amounted to $X per ton, growing by X% against the previous year. In general, the export price saw significant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the Philippines

In 2022, the amount of articles of asbestos-cement, cellulose fiber-cement or the like imported into the Philippines surged to X tons, with an increase of X% on the year before. In general, imports saw prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, articles of fiber cement imports soared to $X in 2022. Over the period under review, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of articles of fiber cement to the Philippines, with a X% share of total imports. Moreover, articles of fiber cement imports from Thailand exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2022, the average annual growth rate of volume 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).

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

From 2017 to 2022, the average annual rate of growth in terms of value from Thailand amounted to 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 articles of fiber cement import price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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