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

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

The Philippine market for articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Production of Articles Of Asbestos-Cement, Of Cellulose Fibre-Cement in the Philippines

In value terms, production of articles of asbestos-cement, of cellulose fibre-cement reduced slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

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

Exports from the Philippines

In 2023, overseas shipments of articles of asbestos-cement, of cellulose fibre-cement were finally on the rise to reach X tons after two years of decline. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

In value terms, exports of articles of asbestos-cement, of cellulose fibre-cement surged to $X in 2023. In general, exports posted a significant increase. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X tons) was the main destination for exports of articles of asbestos-cement, of cellulose fibre-cement from the Philippines, accounting for a X% share of total exports. Moreover, exports of articles of asbestos-cement, of cellulose fibre-cement to Papua New Guinea exceeded the volume sent to the second major destination, China (X tons), sevenfold. The third position in this ranking was taken by Micronesia (X tons), with a X% share.

From 2017 to 2023, the average annual rate of growth in terms of volume to Papua New Guinea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Micronesia (X% per year).

In value terms, Thailand ($X), Papua New Guinea ($X) and China ($X) constituted the largest markets for articles of asbestos-cement, of cellulose fibre-cement exported from the Philippines worldwide, together accounting for X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, saw the highest rates of growth with regard to 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

The average export price for articles of asbestos-cement, of cellulose fibre-cement stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price continues to indicate modest growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Micronesia ($X per ton) was amongst the lowest.

From 2017 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into the Philippines

In 2023, purchases abroad of articles of asbestos-cement, of cellulose fibre-cement decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Over the period under review, imports saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of articles of asbestos-cement, of cellulose fibre-cement declined remarkably to $X in 2023. In general, imports recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Thailand (X tons) constituted the largest supplier of articles of asbestos-cement, of cellulose fibre-cement to the Philippines, with a X% share of total imports. Moreover, imports of articles of asbestos-cement, of cellulose fibre-cement from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2017 to 2023, the average annual growth rate of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

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

From 2017 to 2023, the average annual rate of growth in terms of value from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average import price for articles of asbestos-cement, of cellulose fibre-cement amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum in 2023 and is likely to continue growth in years to come.

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

From 2017 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform