The import of asbestos-cement and cellulose fibre-cement to China has exhibited fluctuations over the years, standing at $10.59 million in 2023. The year-on-year variation for 2022 and 2023 shows modest growth of 3.30% and 3.13% respectively compared to 2021. The CAGR over the last five years reveals an average annual increase of 2.24%. Forecast data from 2024 onwards predicts steady growth, with a projected value of $12.269 million by 2028, resulting in a forecasted 5-year CAGR of 2.31% and an overall forecasted growth rate of 12.12%.
Future trends to watch for include technological advancements in building materials, shifts in regulatory policies regarding asbestos products, and China's ongoing infrastructure developments, which may significantly influence the demand and import patterns in this sector.
