The import of asbestos friction materials and articles thereof to China has shown varying trends over the past decade. In 2023, the value stood at 73.925 million USD. The year-on-year growth for recent years has seen fluctuations, with notable increases in 2021 by 8.95% and more moderate growth of 3.32% and 3.15% in 2022 and 2023, respectively. The compound annual growth rate (CAGR) over the last five years averaged at 4.08%. For the forecasted period, a consistent yet modest CAGR of 2.33% is anticipated, with a five-year growth rate projected at 12.18% by 2028.

Future trends to watch for:

Potential regulatory changes influencing import volumes.
Technological advancements in friction materials reducing dependency on asbestos imports.
Economic transitions and industrial demand shifts impacting overall import values.