Global Asbestos Market 2022

Asbestos Market Size

The global asbestos market amounted to $X in 2020, remaining relatively unchanged against the previous year. Overall, consumption saw a noticeable reduction. The pace of growth appeared the most rapid in 2011 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Asbestos Production

In value terms, asbestos production reached $X in 2020 estimated in export prices. In general, production recorded a noticeable decline. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. As a result, production attained the peak level of $X. from 2013 to 2020, global production growth failed to regain the momentum.

Production By Country

Russia (X tons) constituted the country with the largest volume of asbestos production, accounting for X% of total volume. Moreover, asbestos production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), threefold. China (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Russia amounted to -X%. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (-X% per year) and China (-X% per year).

Asbestos Exports

Exports

In 2020, after four years of growth, there was significant decline in shipments abroad of asbestos, when their volume decreased by -X% to X tons. Over the period under review, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Global exports peaked at X tons in 2010; however, from 2011 to 2020, exports stood at a somewhat lower figure.

In value terms, asbestos exports reduced to $X in 2020. In general, exports saw a noticeable decline. The growth pace was the most rapid in 2012 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2013 to 2020, the growth of global exports failed to regain the momentum.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which resulted at X% of total exports. Kazakhstan (X tons) took the second position in the ranking, distantly followed by Brazil (X tons). All these countries together took near X% share of total exports. China (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of exports of asbestos. At the same time, Kazakhstan (+X%) and China (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2020. By contrast, Brazil (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Kazakhstan and Russia increased by +X% and +X% percentage points, while Brazil (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest asbestos supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of global exports. It was followed by Brazil, with a X% share.

From 2007 to 2020, the average annual growth rate of value in Russia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (+X% per year) and Brazil (-X% per year).

Export Prices by Country

In 2020, the average asbestos export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a slight descent. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. Global export price peaked at $X per ton in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in China ($X per ton) and Brazil ($X per ton), while Russia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Asbestos Imports

Imports

In 2020, overseas purchases of asbestos decreased by -X% to X tons, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. As a result, imports attained the peak of X tons. from 2009 to 2020, the growth of global imports remained at a somewhat lower figure.

In value terms, asbestos imports shrank to $X in 2020. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Global imports peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, India (X tons) was the largest importer of asbestos, achieving X% of total imports. China (X tons) occupied the second position in the ranking, followed by Uzbekistan (X tons), Indonesia (X tons) and Sri Lanka (X tons). All these countries together held approx. X% share of total imports. Thailand (X tons), Vietnam (X tons), Bangladesh (X tons) and Tajikistan (X tons) held a little share of total imports.

India experienced a relatively flat trend pattern with regard to volume of imports of asbestos. At the same time, Tajikistan (+X%), Bangladesh (+X%), Uzbekistan (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. Sri Lanka experienced a relatively flat trend pattern. By contrast, China (-X%), Vietnam (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of India, Uzbekistan, Indonesia, Bangladesh, Tajikistan and Sri Lanka increased by +X%, +X%, +X%, +X%, +X% and +X% percentage points, while Vietnam (-X p.p.), Thailand (-X p.p.) and China (-X p.p.) saw their share reduced.

In value terms, India ($X) constitutes the largest market for imported asbestos worldwide, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Indonesia, with a X% share.

In India, asbestos imports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: China (-X% per year) and Indonesia (+X% per year).

Import Prices by Country

In 2020, the average asbestos import price amounted to $X per ton, with an increase of X% against the previous year. Overall, import price indicated a pronounced expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the average import price increased by X% against the previous year. Global import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Uzbekistan, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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