China's asbestos production has seen a consistent decline from 2013 to 2023, dropping from 303.67 thousand metric tons to 116.04 thousand metric tons. The year-on-year variation for 2023 stands at -2.41%, marking a continued downward trend. The five-year CAGR reflects an average annual decrease of -0.67% over the recent period, highlighting a persistent reduction in asbestos production.
Looking forward, the forecasted data show a continuation of this trend, with production expected to reach 89.04 thousand metric tons by 2028. The forecasted five-year CAGR suggests an annual decline of -4.23% with an overall five-year growth rate of -19.44%. Future trends to watch for include regulatory changes, increased health awareness, and the rise of alternative materials, all of which can further influence the decline in asbestos production.
