Asia-Pacific: Asbestos Market 2024

Asbestos Market Size in Asia-Pacific

In 2023, the Asia-Pacific asbestos market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption continues to indicate a perceptible decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Asbestos Production in Asia-Pacific

In value terms, asbestos production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Asbestos Exports

Exports in Asia-Pacific

In 2023, overseas shipments of asbestoses increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, exports showed temperate growth. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

In value terms, asbestos exports soared to $X in 2023. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, accounting for X tons, which was approx. X% of total exports in 2023. The following exporters - India (X tons) and Taiwan (Chinese) (X tons) - each amounted to a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. While the share of India (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a noticeable decrease. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2023, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was India ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced a decline in the export price figures.

Asbestos Imports

Imports in Asia-Pacific

In 2023, overseas purchases of asbestoses increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, asbestos imports expanded rapidly to $X in 2023. Overall, imports, however, showed a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

India was the major importer of asbestoses in Asia-Pacific, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. China (X tons) held the second position in the ranking, distantly followed by Indonesia (X tons) and Thailand (X tons). All these countries together took near X% share of total imports. The following importers - Bangladesh (X tons), Vietnam (X tons) and Sri Lanka (X tons) - each accounted for an X% share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of asbestoses. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. China experienced a relatively flat trend pattern. By contrast, Thailand (X%), Sri Lanka (X%), Indonesia (X%) and Vietnam (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of India, China and Bangladesh increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, 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 Thailand (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The growth pace was the most rapid in 2022 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform