The import of asbestos brake linings and pads to Italy has shown fluctuations over the last decade, with the highest import value recorded in 2018 at $20.867 million and significant dips, notably in 2020 at $16.94 million. As of 2023, the import value stood at $20.328 million, with a slight year-on-year decline of 0.13%. Over the last two years (2021-2023), the trend shows minimal changes, with variations close to zero, indicating stabilization. The 5-year CAGR leading up to 2023 shows a slight negative growth.
Forecasts from 2024 onward predict a marginal but steady decline in import values, with a -0.11% CAGR expected over the next five years. This suggests a slow but persistent downward trend in imports.
Future trends to watch for:
• Potential regulations and environmental policies impacting the use of asbestos in brake linings and pads.
• Advances in alternative brake technologies that may reduce dependency on asbestos-containing products.
• Global economic conditions and their effects on automotive industry demand and supply chains.
