In 2023, the import of asbestos paper, millboard, and felt to India was valued as the reference point from which future forecasts are projected. The forecast for 2024 stands at $138.17 thousand USD, decreasing subtly each year to $134.61 thousand USD by 2028, indicating a declining trend. This decrease suggests a continued reduction in import value by an average rate.
Key future trends to watch for include:
- Potential legislative changes impacting asbestos-related products.
- Increased awareness and regulatory scrutiny around asbestos's health implications influencing demand.
- Technological developments in alternative materials potentially impacting future imports.