The import of asbestos friction materials and articles to El Salvador has seen fluctuating trends from 2013 to 2023. In 2023, the value stood at 1.9465 Million US Dollars. The data shows a considerable decline from 2019 to 2020 with a recovery beginning in 2021 and minor increases in the subsequent years. The year-on-year variation from 2022 to 2023 was 1.27%, reflecting a gradual stabilization in imports. The last five years exhibited a Compound Annual Growth Rate (CAGR) of -0.56%, indicating a slight overall reduction in the market.
Looking ahead, from 2024 to 2028, imports are forecasted to grow with a 5-year CAGR of 1% and an overall growth rate of 5.12%. This suggests a moderate recovery and potential stabilization in the market for asbestos friction materials and related articles. Future trends to watch include regulatory changes on asbestos usage, shifts to more sustainable materials, and economic factors affecting trade.
