ASEAN: Asbestos Market 2025

Asbestos Market Size in ASEAN

The ASEAN asbestos market declined to $X in 2022, with a decrease of -4.4% against the previous year. Overall, consumption recorded a abrupt downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Asbestos Production in ASEAN

In value terms, asbestos production amounted to $X in 2022 estimated in export price. In general, production saw a mild reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 43% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Asbestos Exports

Exports in ASEAN

In 2022, asbestos exports in ASEAN reduced sharply to X tons, declining by -21.9% against the previous year's figure. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when exports increased by 120% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, asbestos exports reduced remarkably to $X in 2022. Over the period under review, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2014 when exports increased by 51% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore prevails in exports structure, reaching X tons, which was approx. 86% of total exports in 2022. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together took near 11% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

Singapore experienced a relatively flat trend pattern with regard to volume of exports of asbestoses. Malaysia (-19.3%), Thailand (-20.9%) and Vietnam (-27.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Singapore increased by +57 percentage points.

In value terms, Singapore ($X) remains the largest asbestos supplier in ASEAN, comprising 80% of total exports. The second position in the ranking was taken by Thailand ($X), with a 9.9% share of total exports. It was followed by Malaysia, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Singapore totaled -4.2%. In the other countries, the average annual rates were as follows: Thailand (-14.9% per year) and Malaysia (-19.4% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, picking up by 7.2% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2017 when the export price increased by 77% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.5%), while the other leaders experienced a decline in the export price figures.

Asbestos Imports

Imports in ASEAN

In 2022, approx. X tons of asbestoses were imported in ASEAN; dropping by -11% on 2021 figures. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, asbestos imports dropped to $X in 2022. In general, imports saw a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 33%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the largest importer of asbestoses in ASEAN, with the volume of imports accounting for X tons, which was near 60% of total imports in 2022. It was distantly followed by Thailand (X tons) and Vietnam (X tons), together making up a 36% share of total imports.

Indonesia was also the fastest-growing in terms of the asbestoses imports, with a CAGR of -4.1% from 2012 to 2022. Thailand (-4.9%) and Vietnam (-9.4%) illustrated a downward trend over the same period. While the share of Indonesia (+8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Vietnam (-9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported asbestoses in ASEAN, comprising 59% of total imports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total imports.

In Indonesia, asbestos imports contracted by an average annual rate of -5.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-2.6% per year) and Vietnam (-11.0% per year).

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, increasing by 8.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by 10% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform