Australia: Asbestos Market 2022

Asbestos Market Size in Australia

In 2020, the Australian asbestos market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate tangible growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Asbestos consumption peaked at $X in 2014; however, from 2015 to 2020, consumption stood at a somewhat lower figure.

Asbestos Production in Australia

In value terms, asbestos production expanded to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a slight increase from 2007 to 2020: its value 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. Based on 2020 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% y-o-y. As a result, production reached the peak level of $X. from 2015 to 2020, production growth failed to regain the momentum.

Asbestos Exports

Exports from Australia

In 2020, overseas shipments of asbestos decreased by -X% to X tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, asbestos exports rose modestly to $X in 2020. Over the period under review, exports enjoyed noticeable growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Africa (X tons) and Indonesia (X kg) were the main destinations of asbestos exports from Australia.

From 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for asbestos exported from Australia were South Africa ($X), China ($X) and Indonesia ($X saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average asbestos export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of X% year-to-year. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was South Africa ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia, while the prices for the other major destinations experienced mixed trend patterns.

Asbestos Imports

Imports into Australia

For the fourteenth year in a row, Australia recorded growth in overseas purchases of asbestos, which increased by X% to X tons in 2020. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% y-o-y. Imports peaked in 2020 and are likely to see steady growth in the near future.

In value terms, asbestos imports skyrocketed to $X in 2020. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

Imports by Country

In 2020, the U.S. (X tons) was the main asbestos supplier to Australia, accounting for a approx. X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of volume from the U.S. stood at +X%.

In value terms, the U.S. ($X) constituted the largest supplier of asbestos to Australia.

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

Import Prices by Country

In 2020, the average asbestos import price amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a prominent increase. The pace of growth was the most pronounced in 2013 when the average import price increased by X% year-to-year. The import price peaked in 2020 and is likely to see gradual growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the U.S..

From 2007 to 2020, the rate of growth in terms of prices for the U.S. amounted to +X% per year.

Source: IndexBox Platform

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