The forecast for the import of asbestos paper, millboard, and felt to India from 2024 to 2028 shows a steady increasing trend. In 2023, the import stood at 172.60 thousand kilograms. The forecasted growth from 2024 to 2028 reflects a consistent year-on-year increase, maintaining a moderate rate of growth. Specifically, each year sees an increase in volume, with the 2028 forecast reaching 178.53 thousand kilograms. The Compounded Annual Growth Rate (CAGR) over the five-year period is expected to be approximately 0.7%.
Future trends to watch include regulatory changes regarding health and environmental impacts of asbestos, which could affect both the demand and supply side. Additionally, advancements in alternative materials may influence future import volumes.
