Asbestos consumption in Indonesia stood at approximately 129 thousand metric tons in 2023. The trend showed significant fluctuations over the past years. For instance, there was a notable shortfall in 2014 by 26.35%, followed by a partial recovery in 2015 with a 10.09% increase. The most significant decline was observed in 2020, decreasing by 29.34%, which likely reflects the impact of global disruptions. However, the consumption rebounded strongly in subsequent years, with a notable increase of 23.06% in 2021 and 8.18% in 2023. The average annual growth rate (CAGR) over the last five years (2018-2023) was 3.24%.
Looking ahead, the forecast from 2024 to 2028 indicates a gradual yet steady increase in asbestos consumption. The projected CAGR over these five years is estimated at 1.33%, translating to a cumulative growth of 6.83% over the period. Key trends to watch for include regulatory changes, technological advancements in asbestos alternatives, and shifts in construction practices globally, which could impact future demand.
