Colombian asbestos exports have shown significant fluctuations over the years. In 2014, the export volume was 294,000 kilograms. The export volume soared to 1,250.2 thousand kilograms in 2016, marking a 61.92% year-on-year increase. However, 2017 saw a significant drop of 54.49%. In 2018, the exports rebounded by 54.72%, continuing a gradual upward trend with 2019 and 2020 experiencing smaller variances of 1.79% and -12.96%, respectively. The export volumes increased again in 2021 and consecutive years, reaching 1,065.4 thousand kilograms in 2023, representing a 4.01% rise from 2022.
The last five years reported a Compound Annual Growth Rate (CAGR) of 3.89%, indicating moderate, yet steady growth after some considerable fluctuations. For future trends, the forecasted CAGR of 2.88% over the next five years projects a continued, albeit slower, growth reaching 1,279.8 thousand kilograms by 2028, amounting to a 15.25% overall growth rate across this period.
Trends to watch for:
- Potential regulatory changes in Colombia or key export markets regarding asbestos use.
- Global demand and alternative materials possibly impacting the volume of asbestos exports.
- Economic condition shifts and trade policies influencing export dynamics.
