Asia: Asbestos Market 2022

Asbestos Market Size in Asia

The Asian asbestos market dropped slightly to $X in 2020, which is down by -X% against the previous year. In general, consumption showed a slight slump. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Asbestos Production in Asia

In value terms, asbestos production stood at $X in 2020 estimated in export prices. In general, production saw a perceptible downturn. The pace of growth was the most pronounced in 2009 when the production volume increased by X% year-to-year. As a result, production reached the peak level of $X. from 2010 to 2020, production growth remained at a somewhat lower figure.

Production By Country in Asia

The countries with the highest volumes of asbestos production in 2020 were Kazakhstan (X tons), China (X tons) and Hong Kong SAR (X tons), together accounting for X% of total production.

From 2007 to 2020, the most notable rate of growth in terms of asbestos production, amongst the leading producing countries, was attained by Hong Kong SAR, while asbestos production for the other leaders experienced a decline in the production figures.

Asbestos Exports

Exports in Asia

In 2020, approx. X tons of asbestos were exported in Asia; which is down by -X% compared with the previous year's figure. Total exports indicated a resilient increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when exports increased by X% year-to-year. The volume of export peaked at X tons in 2012; however, from 2013 to 2020, exports remained at a lower figure.

In value terms, asbestos exports declined to $X in 2020. In general, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2008 when exports increased by X% against the previous year. Over the period under review, exports reached the maximum at $X in 2012; however, from 2013 to 2020, exports remained at a lower figure.

Exports by Country

Kazakhstan dominates asbestos exports structure, finishing at X tons, which was near X% of total exports in 2020. It was distantly followed by China (X tons), creating a X% share of total exports.

Kazakhstan was also the fastest-growing in terms of the asbestos exports, with a CAGR of +X% from 2007 to 2020. At the same time, China (+X%) displayed positive paces of growth. From 2007 to 2020, the share of Kazakhstan increased by +X% percentage points, while China (-X p.p.) saw their share reduced.

In value terms, Kazakhstan ($X) remains the largest asbestos supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by China ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Kazakhstan amounted to +X%.

Export Prices by Country

In 2020, the asbestos export price in Asia amounted to $X per ton, almost unchanged from the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2009 an increase of X% y-o-y. The level of export peaked at $X per ton in 2015; however, from 2016 to 2020, export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, the country with the highest price was China ($X per ton), while Kazakhstan amounted to $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Asbestos Imports

Imports in Asia

In 2020, purchases abroad of asbestos decreased by -X% to X tons, falling for the second consecutive year after two years of growth. In general, imports recorded a mild shrinkage. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2009 to 2020, the growth imports remained at a lower figure.

In value terms, asbestos imports declined modestly to $X in 2020. Overall, imports showed a slight increase. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

India represented the main importing country with an import of about X tons, which resulted at X% of total imports. It was distantly followed by China (X tons), Uzbekistan (X tons), Indonesia (X tons) and Sri Lanka (X tons), together mixing up a X% share of total imports. Thailand (X tons) and Vietnam (X tons) took a little share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of asbestos. At the same time, Uzbekistan (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2007-2020. Sri Lanka experienced a relatively flat trend pattern. By contrast, China (-X%), Vietnam (-X%) and Thailand (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.), Uzbekistan (+X p.p.) and Indonesia (+X p.p.) increased significantly in terms of the total imports from 2007-2020, the share of Vietnam (-X p.p.), Thailand (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported asbestos in Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2007 to 2020, the average annual growth rate of value in India amounted to +X%. In the other countries, the average annual rates were as follows: China (-X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2020, the asbestos import price in Asia amounted to $X per ton, surging by X% against the previous year. Import price indicated a moderate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the import price increased by X% y-o-y. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uzbekistan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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