The forecast for the import of fabricated asbestos fibers to India shows a consistent decline from 2024 through 2028. In 2024, the import value stands at $1.139 million and is forecasted to decrease to $0.666 million by 2028. This represents a significant downward trend, with year-on-year decreases of approximately 10.68% in 2025, 11.71% in 2026, 13.03% in 2027, and 14.67% in 2028. The compound annual growth rate (CAGR) over this five-year period indicates an average annual decline of approximately 12.53% in import value.

Future trends to watch for:

Increasing international regulations and health concerns surrounding the use of asbestos fibers could further influence import volumes and values.
Progressive shifts to alternative, safer materials may reduce demand for asbestos fibers in industrial applications.
Potential economic or policy changes in India could impact import behaviors, especially if stricter environmental or safety legislation is enacted.