Price for Asbestos, Other than Crocidolite in Hong Kong SAR - 2022

Price for Asbestos, Other than Crocidolite in Hong Kong SAR (FOB) - 2022

The average asbestos, other than crocidolite export price stood at $505 per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2018 an increase of 23%. Over the period under review, the average export prices reached the maximum at $667 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($549 per ton), while the average price for exports to India stood at $505 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.3%).

Price for Asbestos, Other than Crocidolite in Hong Kong SAR (CIF) - 2022

The average asbestos, other than crocidolite import price stood at $625 per ton in 2022, with an increase of 5.5% against the previous year. In general, the import price, however, saw a sharp setback. The import price peaked at $27,000 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -22.2% per year.

Exports of Asbestos, Other than Crocidolite in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in overseas shipments of asbestos, other than crocidolites, when their volume decreased by -22.2% to 158 tons. Overall, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 400%.

In value terms, asbestos, other than crocidolite exports contracted dramatically to $80K in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 469% against the previous year.

Export of Asbestos, Other than Crocidolite in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	8.9	55.1	101	78.6	106.7%
Others	1.0	1.2	2.0	1.0	0.0%
Total	9.9	56.4	103	79.6	100.3%

Top Export Markets for Asbestos, Other than Crocidolite from Hong Kong SAR in 2022:

India (155.6 tons)

Imports of Asbestos, Other than Crocidolite in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in supplies from abroad of asbestos, other than crocidolites, when their volume increased by 8.6% to 742 kg. Overall, imports, however, recorded a abrupt shrinkage.

In value terms, asbestos, other than crocidolite imports rose sharply to $464 in 2022. Over the period under review, imports, however, saw a deep slump.