Southern Asia: Asbestos Market 2022

Asbestos Market Size in Southern Asia

In 2020, the South Asian asbestos market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. The total consumption indicated a mild expansion from 2007 to 2020: its value 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 pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Production By Country in Southern Asia

From 2007 to 2014, the average annual growth rate of volume in No country was relatively modest.

Asbestos Exports

Exports in Southern Asia

In 2020, after three years of growth, there was significant decline in overseas shipments of asbestos, when their volume decreased by -X% to X tons. In general, exports, however, posted a modest expansion. The growth pace was the most rapid in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

In value terms, asbestos exports reduced sharply to $X in 2020. Overall, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. The level of export peaked at $X in 2019, and then fell sharply in the following year.

Exports by Country

India was the major exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Sri Lanka (X tons) and Pakistan (X tons), together making up a X% share of total exports.

India was also the fastest-growing in terms of the asbestos exports, with a CAGR of +X% from 2007 to 2020. Sri Lanka (-X%) and Pakistan (-X%) illustrated a downward trend over the same period. While the share of India (+X p.p.) increased significantly in terms of the total exports from 2007-2020, the share of Sri Lanka (-X p.p.) and Pakistan (-X p.p.) displayed negative dynamics.

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

From 2007 to 2020, the average annual rate of growth in terms of value in India was relatively modest. In the other countries, the average annual rates were as follows: Sri Lanka (+X% per year) and Pakistan (-X% per year).

Export Prices by Country

The asbestos export price in Southern Asia stood at $X per ton in 2020, with an increase of X% against the previous year. Over the period under review, the export price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sri Lanka ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Sri Lanka, while the other leaders experienced a decline in the export price figures.

Asbestos Imports

Imports in Southern Asia

In 2020, supplies from abroad of asbestos decreased by -X% to X tons for the first time since 2016, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2015 to 2020, the growth imports remained at a somewhat lower figure.

In value terms, asbestos imports fell modestly to $X in 2020. Total imports indicated a mild 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, imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

India represented the main importing country with an import of about X tons, which accounted for X% of total imports. Sri Lanka (X tons) took a X% share (based on tons) of total imports, which put it in second place, followed by Bangladesh (X%).

India experienced a relatively flat trend pattern with regard to volume of imports of asbestos. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2020. Sri Lanka experienced a relatively flat trend pattern. Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual growth rate of value in India totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+X% per year) and Bangladesh (+X% per year).

Import Prices by Country

In 2020, the asbestos import price in Southern Asia amounted to $X per ton, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

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 Sri Lanka, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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