The import of asbestos friction materials and articles to France has shown substantial variability over the past decade. From 2013 to 2023, the value of imports increased from $20.363 million to $59.858 million, representing a notable rise. The year-on-year variations have fluctuated significantly, with a dramatic increase of 164.69% in 2014, followed by smaller but consistent growth rates in most subsequent years. The notable exceptions were in 2016 and 2020, where imports decreased by 14.6% and 14.76%, respectively.
Focusing on the past two years, 2022 saw a modest growth of 2.46%, while 2023 experienced a slight increase of 2.36%. The CAGR over the last five years stands at 3.14%, indicating a steady average growth rate. Looking ahead, the forecasted data suggests a continued upward trend, with a CAGR of 1.79% and an overall growth rate of 9.27% from 2024 to 2028, reaching $67.06 million by 2028.
Future trends to watch for include regulatory changes regarding asbestos use, technological advancements in friction materials, and market dynamics in the automotive and industrial sectors that primarily drive demand for these products.
