Asia-Pacific: Asbestos Market 2022

Asbestos Market Size in Asia-Pacific

In 2020, the Asia-Pacific asbestos market decreased by -X% to $X, falling for the eighth consecutive year after three years of growth. Over the period under review, consumption continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Asbestos Production in Asia-Pacific

In value terms, asbestos production dropped to $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt decline. The pace of growth was the most pronounced in 2009 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. from 2010 to 2020, production growth failed to regain the momentum.

Production By Country in Asia-Pacific

China (X tons) constituted the country with the largest volume of asbestos production, accounting for X% of total volume. Moreover, asbestos production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR (X tons), more than tenfold.

In China, asbestos production contracted by an average annual rate of -X% over the period from 2007-2020. The remaining producing countries recorded the following average annual rates of production growth: Hong Kong SAR (+X% per year) and Taiwan (Chinese) (+X% per year).

Asbestos Exports

Exports in Asia-Pacific

In 2020, shipments abroad of asbestos decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. Overall, exports, however, enjoyed modest growth. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

In value terms, asbestos exports fell sharply to $X in 2020. Over the period under review, exports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2010 when exports increased by X% year-to-year. The level of export peaked at $X in 2012; however, from 2013 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China prevails in asbestos exports structure, finishing at X tons, which was approx. X% of total exports in 2020. India (X tons) held a relatively small share of total exports.

From 2007 to 2020, average annual rates of growth with regard to asbestos exports from China stood at +X%. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled +X%.

Export Prices by Country

The asbestos export price in Asia-Pacific stood at $X per ton in 2020, increasing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. 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 noticeably amongst the major exporting countries. In 2020, the country with the highest price was India ($X per ton), while China stood at $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-Pacific

In 2020, supplies from abroad of asbestos decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a mild downturn. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. from 2009 to 2020, the growth imports failed to regain the momentum.

In value terms, asbestos imports shrank to $X in 2020. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports remained at a lower figure.

Imports by Country

India represented the key importer of asbestos in Asia-Pacific, with the volume of imports reaching X tons, which was near X% of total imports in 2020. China (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons), Sri Lanka (X tons) and Thailand (X tons). All these countries together occupied approx. X% share of total imports. The following importers - Vietnam (X tons) and Bangladesh (X tons) - each amounted to an X% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of asbestos. At the same time, Bangladesh (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, 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.), Bangladesh (+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 ($X) constitutes the largest market for imported asbestos in Asia-Pacific, comprising X% of total imports. The second position in the ranking was occupied by China ($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 totaled +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-Pacific amounted to $X per ton, picking up by X% against the previous year. Import price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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