Forecast: Import of Asbestos to China

The import of asbestos to China has experienced a significant decline from 202.87 million kilograms in 2013 to 128.97 million kilograms in 2023. The year-on-year variation between 2022 and 2023 was -1.6%, and the compound annual growth rate (CAGR) over the last five years stood at -2.87%. Forecast data suggests a continued decline, with imports expected to decrease to 118.02 million kilograms by 2028, reflecting a forecasted 5-year CAGR of -1.4%.

Over the years, the trend has been predominantly downward, with occasional fluctuations such as in 2018 where there was a noticeable increase. The long-term view indicates a steady decrease driven by regulatory restrictions, reduced industrial use, and health concerns.

Future trends to watch for include:

  • Stricter environmental and health regulations impacting asbestos use.
  • Shifts in industrial practices and materials preference away from asbestos.
  • Potential technological advancements providing safer and more sustainable alternatives.

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