From 2013 to 2023, the import of asbestos friction materials and articles to Austria showed a clear declining trend. Starting at 13.922 Million US Dollars in 2013, the value fell progressively each year. Despite temporary increases in 2018 and 2021, the overall trend remained negative, culminating in a value of 6.281 Million US Dollars in 2023.
Notably, from 2022 to 2023, the import value decreased by 5.62%, following a 5.42% decline the previous year. This aligns with the five-year CAGR of -5.43%, indicating a consistent annual reduction. Forecasts predict this downward trend will continue, with a five-year CAGR of -5.92%, resulting in an almost 26.29% decrease by 2028, bringing the value down to 4.327 Million US Dollars.
Future trends to watch include potential regulatory changes impacting asbestos importation, shifts in industry demand influenced by technological advancements, and alternative materials gaining market share. Monitoring these trends will be critical for understanding future market dynamics.
