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

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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).

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