In 2023, Norway imported asbestos friction materials and articles worth approximately 3.0536 million USD. From 2024 onwards, a declining trend is forecasted. The import values are expected to decrease year-on-year, starting from 3.0043 million USD in 2024 to 2.8149 million USD by 2028. This represents a continuous reduction in the imports, with the average Compound Annual Growth Rate (CAGR) over the five-year period being negative.
Year-on-year percentage change analysis indicates a gradual yet consistent decline in import values:
- 2024: -1.6%
- 2025: -1.6%
- 2026: -1.6%
- 2027: -1.6%
- 2028: -1.6%
Future trends to watch for include the global phase-out of asbestos products due to health and safety concerns, stricter import regulations, and advancements in alternative materials. These factors could further accelerate the decline or lead to a complete cessation of asbestos-related imports in the long term.
