Report Update Nov 1, 2024

India - Asbestos - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

India: Asbestos Market 2024

Asbestos Market Size in India

In 2022, the Indian asbestos market increased by 29% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Asbestos Exports

Exports from India

In 2022, asbestos exports from India rose significantly to X tons, picking up by 6% compared with the year before. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 713%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, asbestos exports soared to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 1,158%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Bangladesh (X tons) was the main destination for asbestos exports from India, accounting for a 95% share of total exports. Moreover, asbestos exports to Bangladesh exceeded the volume sent to the second major destination, Nepal (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh totaled +153.9%.

In value terms, Bangladesh ($X) remains the key foreign market for asbestoses exports from India, comprising 98% of total exports. The second position in the ranking was held by Nepal ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Bangladesh amounted to +177.8%.

Export Prices by Country

In 2022, the average asbestos export price amounted to $X per ton, increasing by 46% against the previous year. Over the period under review, the export price posted significant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 394%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Asbestos Imports

Imports into India

In 2022, purchases abroad of asbestoses increased by 3.9% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, asbestos imports soared to $X in 2022. In general, imports, however, showed a perceptible reduction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X tons), Russia (X tons) and Georgia (X tons) were the main suppliers of asbestos imports to India, together accounting for 82% of total imports. Turkey, Kazakhstan and Hungary lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +1,046.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest asbestos suppliers to India were Brazil ($X), Russia ($X) and Turkey ($X), together accounting for 80% of total imports.

Among the main suppliers, Turkey, with a CAGR of +1,517.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average asbestos import price amounted to $X per ton, growing by 31% against the previous year. In general, the import price, however, recorded a mild decline. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+41.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for asbestos in the world?

The countries with the highest volumes of in 2021 were India, China and Russia, with a combined 56% share of global consumption. Maldives, Indonesia, Uzbekistan, Iran, Sri Lanka, Thailand, Vietnam, Kazakhstan and Bangladesh lagged somewhat behind, together comprising a further 34%.

What are the largest producers of asbestos in the world?

The country with the largest volume of asbestos production was Russia, accounting for 55% of total volume. Moreover, asbestos production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan, threefold. Brazil ranked third in terms of total production with an 11% share.

What are the leading suppliers of asbestos to India?

In value terms, Russia, Brazil and Kazakhstan were the largest asbestos suppliers to India, with a combined 92% share of total imports. Hungary and Poland lagged somewhat behind, together comprising a further 6.4%.

What are the leading importers of asbestos from India?

In value terms, Bangladesh remains the key foreign market for asbestos exports from India.

What is the average export price for asbestos in India?

The average asbestos export price stood at $505 per ton in 2021, rising by 17% against the previous year.

What is the average import price for asbestos in India?

The average asbestos import price stood at $503 per ton in 2021, with a decrease of -2.4% against the previous year.

This report provides an in-depth analysis of the asbestos market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

India

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in India
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023