Asbestos Market - Russia Strengthened Its Dominance in The Global Asbestos Exports

Other Mining And Quarrying October 24, 2016
Author: Maria Fadeeva
Market Analyst

asbestos market

Photo: © Madlen / Bigstockphoto

The global trade in asbestos amounted to 344 million USD in 2015. The value of trade remained relatively stable throughout the analyzed period, rising with a CAGR of 0.1% from 2007 to 2015.

Russia remained the global leader in the supplies of asbestos. In 2015, Russia's asbestos exports totaled 191 million USD, which accounted for a 56% share of global exports. Brazil, Kazakhstan, China, and India were the other key global suppliers of asbestos in 2015, with a 44.4% combined share of global exports.

China (+39.4% per year) and India (+7.6% per year) were the fastest growing exporters on the global asbestos market from 2007 to 2015. Russia significantly strengthened its position in the global export structure, growing its share from 41% in 2007 to 56% in 2015.

On the other hand, India (48%, based on value terms), Indonesia (15%), China (7%), Sri Lanka (6%), and Vietnam (5%) were the leading destinations of asbestos imports in 2015. Imports to Indonesia grew at a rapid pace of +14.1% per year from 2007 to 2015. By contrast, China slightly contracted its imports of asbestos over the same period. India's share of global imports increased by +17 percentage points, while the share of China illustrated negative dynamics (-6 percentage points).

Global Exports Of Asbestos

Key Exporting Countries Of Asbestos

Do you want to know more about the global asbestos market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • asbestos market share
  • asbestos prices
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  • asbestos price forecast
  • key asbestos producers

Source: World: Asbestos - Market Report. Analysis And Forecast To 2020