Price for Asbestos, Other than Crocidolite in China - 2023
Contents:
- Price for Asbestos, Other than Crocidolite in China (CIF) - 2023
- Price for Asbestos, Other than Crocidolite in China (FOB) - 2022
- Imports of Asbestos, Other than Crocidolite in China
- Exports of Asbestos, Other than Crocidolite in China
Price for Asbestos, Other than Crocidolite in China (CIF) - 2023
The average asbestos, other than crocidolite import price stood at $223 per ton in December 2023, reducing by -6.5% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 14% m-o-m. The import price peaked at $313 per ton in August 2023; however, from September 2023 to December 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Russia.
From December 2022 to December 2023, the rate of growth in terms of prices for Russia amounted to -0.7% per month.
Price for Asbestos, Other than Crocidolite in China (FOB) - 2022
The average asbestos, other than crocidolite export price stood at $267 per ton in 2022, shrinking by -35.1% against the previous year. Overall, the export price continues to indicate a pronounced descent. The pace of growth appeared the most rapid in 2020 an increase of 13% against the previous year. Over the period under review, the average export prices hit record highs at $493 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($349 per ton), while the average price for exports to Bangladesh ($189 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Pakistan (-2.3%), while the prices for the other major destinations experienced a decline.
Imports of Asbestos, Other than Crocidolite in China
In 2022, approx. 180K tons of asbestos, other than crocidolites were imported into China; rising by 28% against 2021 figures. The total import volume increased at an average annual rate of +12.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, asbestos, other than crocidolite imports surged to $55M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Asbestos, Other than Crocidolite in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 30.9 | 37.4 | 40.7 | 53.9 | 20.4% |
| Kazakhstan | 3.0 | 3.2 | 1.9 | 1.1 | -28.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 33.9 | 40.6 | 42.6 | 55.1 | 17.6% |
Top Suppliers of Asbestos, Other than Crocidolite to China in 2022:
- Russia (174.9K tons)
- Kazakhstan (4.7K tons)
Exports of Asbestos, Other than Crocidolite in China
In 2022, after two years of decline, there was significant growth in overseas shipments of asbestos, other than crocidolites, when their volume increased by 502% to 52K tons. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, asbestos, other than crocidolite exports skyrocketed to $14M in 2022. In general, exports enjoyed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Asbestos, Other than Crocidolite in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.3 | 2.5 | 1.3 | 8.5 | 25.5% |
| Thailand | 0.9 | 0.5 | 0.4 | 1.9 | 28.3% |
| Philippines | 0.1 | 0.1 | 0.1 | 1.3 | 135.1% |
| Vietnam | 1.7 | 1.5 | 0.3 | 0.5 | -33.5% |
| Pakistan | 0.2 | 0.1 | N/A | 0.3 | 14.5% |
| Lao People's Democratic Republic | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Bangladesh | 0.6 | N/A | N/A | 0.2 | -30.7% |
| Tajikistan | 1.6 | 1.9 | 0.6 | N/A | -38.8% |
| Others | 1.7 | 1.9 | 0.4 | 0.7 | -25.6% |
| Total | 11.2 | 8.7 | 3.5 | 13.8 | 7.2% |
Top Export Markets for Asbestos, Other than Crocidolite from China in 2022:
- Indonesia (32.4K tons)
- Thailand (8.3K tons)
- Philippines (4.2K tons)
- Vietnam (1.8K tons)
- Bangladesh (1.3K tons)
- Lao People's Democratic Republic (1.1K tons)
- Pakistan (1.0K tons)
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This report provides an in-depth analysis of the asbestos market in China.
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This report provides an in-depth analysis of the global asbestos market.
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This report provides an in-depth analysis of the asbestos market in China.
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This report provides an in-depth analysis of the asbestos market in China.
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This report provides an in-depth analysis of the global asbestos market.
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This report provides an in-depth analysis of the global asbestos market.
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During the period of May 2023 to November 2023, the import growth experienced a significant decline. The value of asbestos imports plummeted to $2.2M in November 2023.
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During the period of May 2023 to November 2023, the import growth experienced a significant decline. The value of asbestos imports plummeted to $2.2M in November 2023.
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The global trade in asbestos amounted to X million USD in 2015. The value of trade remained relatively stable throughout the analyzed period, rising with a CAGR of X% from 2007 to 2015.
