Thailand: Market for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement 2024

Market Size for Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Thailand

The Thai market for articles of asbestos-cement, of cellulose fibre-cement expanded rapidly to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a noticeable setback. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in Thailand

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement expanded modestly to $X in 2022 estimated in export price. In general, production showed a perceptible decline. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Exports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Exports from Thailand

In 2022, shipments abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then reduced rapidly in the following year.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement declined dramatically to $X in 2022. Over the period under review, total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from Thailand, with a X% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Lao People's Democratic Republic exceeded the volume sent to the second major destination, Cambodia (X tons), twofold. The third position in this ranking was held by Myanmar (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Myanmar (X% per year).

In value terms, Lao People's Democratic Republic ($X) remains the key foreign market for articles of asbestos-cement, of cellulose fibre-cement exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lao People's Democratic Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and Myanmar (X% per year).

Export Prices by Country

In 2022, the average export price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Myanmar ($X per ton) and Lao People's Democratic Republic ($X per ton), while the average price for exports to China ($X per ton) and Cambodia ($X per ton) were amongst the lowest.

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

Imports of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement

Imports into Thailand

Imports of articles of asbestos-cement, of cellulose fibre-cement into Thailand contracted notably to X tons in 2022, falling by X% against the previous year's figure. Overall, imports, however, saw a slight increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement expanded notably to $X in 2022. Over the period under review, imports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to Thailand, accounting for a X% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sevenfold. India (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 China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and India (X% per year).

In value terms, China ($X), Japan ($X) and the United States ($X) were the largest articles of asbestos-cement, of cellulose fibre-cement suppliers to Thailand, together comprising X% of total imports.

Among the main suppliers, Japan, 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 average import price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2022, rising by X% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Japan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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