The import of asbestos friction material and articles, excluding brake components, to Germany is on a consistent upward trajectory from 2024 to 2028. In 2023, the imports stood at 55.73 million USD. The forecast from 2024 onwards shows moderate growth, with year-on-year variations hovering around 1.5% to 1.6%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to be approximately 1.5%.
Future trends to watch for include regulatory changes in environmental policies, which could impact the demand for asbestos materials. The move towards greener and more sustainable alternatives could influence both supply chains and market dynamics. Additionally, shifts in global trade agreements and economic conditions could alter import volumes and values. Keep an eye on technological advancements for non-asbestos alternatives that may impact market demand and competition.
