In 2023, India led global asbestos consumption with a significant share of 41.12 metric tons, representing a slight decline of 2.69% year-over-year. Indonesia showed a positive year-on-year (YoY) growth of 3.24%, accounting for 16.17 metric tons. Uzbekistan displayed a minor decline of 0.34%, consuming 12.25 metric tons. China's consumption fell sharply by 21.39% to 9.07 metric tons, while Russia also decreased by 15.7% to 6.83 metric tons. Bangladesh and Tajikistan were among the countries with notable growth, at 17.06% and 18.13% respsectively. On the other hand, Thailand and Pakistan saw significant declines of 32.42% and 31.82%, respectively. Kazakhstan showed an unusual negative consumption value of -4.79 metric tons.
For future trends, the market should monitor:
- Potential regulatory changes and health concerns influencing consumption patterns.
- Emerging substitution materials impacting asbestos use.
- Economic and industrial trends in top-consuming countries like India and Indonesia.
- Technological advancements in asbestos handling and alternatives.
Top countries in Asbestos Consumption Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 41.12 | 2023 | +2.67% | -2.69% | View data |
| 2 | 2 Indonesia | 16.17 | 2023 | +8.18% | +3.24% | View data |
| 3 | 3 Uzbekistan | 12.25 | 2023 | +2.49% | -0.34% | View data |
| 4 | 4 China | 9.07 | 2023 | -38.09% | -21.39% | View data |
| 5 | 5 Russia | 6.83 | 2023 | -30.21% | -15.7% | View data |
| 6 | 6 Bangladesh | 4.57 | 2023 | +10.59% | +17.06% | View data |
| 7 | 7 Sri Lanka | 4.49 | 2023 | -1.63% | -2.79% | View data |
| 8 | 8 Vietnam | 3.8 | 2023 | -4.79% | +3.14% | View data |
| 9 | 9 Tajikistan | 2.66 | 2023 | +11.39% | +18.13% | View data |
| 10 | 10 Turkmenistan | 2.6 | 2023 | +13.76% | +26.62% | View data |
