South-Eastern Asia: Asbestos Market 2022

Asbestos Market Size in South-Eastern Asia

The Southeast Asian asbestos market plummeted to $X in 2020, waning by -X% against the previous year. Overall, consumption saw a slight descent. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption stood at a somewhat lower figure.

Asbestos Production in South-Eastern Asia

In value terms, asbestos production shrank markedly to $X in 2020 estimated in export prices. The total production indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, production attained the maximum level at $X in 2019, and then declined sharply in the following year.

Production By Country in South-Eastern Asia

Singapore (X tons) remains the largest asbestos producing country in South-Eastern Asia, comprising approx. X% of total volume.

From 2007 to 2020, the average annual rate of growth in terms of volume in Singapore stood at +X%.

Asbestos Exports

Exports in South-Eastern Asia

Asbestos exports skyrocketed to X tons in 2020, increasing by X% against 2019. Over the period under review, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2011 when exports increased by X% year-to-year. As a result, exports attained the peak of X tons. from 2012 to 2020, the growth exports remained at a lower figure.

In value terms, asbestos exports reduced sharply to $X in 2020. In general, exports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Singapore was the main exporter of asbestos in South-Eastern Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2020. Thailand (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Indonesia (X%).

Singapore experienced a relatively flat trend pattern with regard to volume of exports of asbestos. At the same time, Indonesia (+X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2007-2020. By contrast, Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Singapore and Indonesia increased by +X% and +X% percentage points, while Thailand (-X p.p.) saw their share reduced.

In value terms, Thailand ($X), Singapore ($X) and Indonesia ($X) were the countries with the highest levels of exports in 2020, together comprising X% of total exports.

Thailand recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The asbestos export price in South-Eastern Asia stood at $X per ton in 2020, dropping by -X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X% y-o-y. As a result, export price reached the peak level of $X per ton, and then plummeted in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Thailand ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the other leaders experienced mixed trends in the export price figures.

Asbestos Imports

Imports in South-Eastern Asia

In 2020, imports of asbestos in South-Eastern Asia contracted remarkably to X tons, reducing by -X% against the previous year. Over the period under review, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2008 when imports increased by X% year-to-year. The volume of import peaked at X tons in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

In value terms, asbestos imports declined notably to $X in 2020. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% y-o-y. The level of import peaked at $X in 2012; however, from 2013 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the main importer of asbestos in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2020. It was distantly followed by Thailand (X tons) and Vietnam (X tons), together comprising a X% share of total imports.

Indonesia was also the fastest-growing in terms of the asbestos imports, with a CAGR of +X% from 2007 to 2020. Vietnam (-X%) and Thailand (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Indonesia increased by +X% percentage points, while Vietnam (-X p.p.) and Thailand (-X p.p.) saw their share reduced.

In value terms, Indonesia ($X) constitutes the largest market for imported asbestos in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value in Indonesia stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-X% per year) and Vietnam (-X% per year).

Import Prices by Country

The asbestos import price in South-Eastern Asia stood at $X per ton in 2020, approximately equating the previous year. Import price indicated a measured increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, asbestos import price decreased by -X% against 2013 indices. The growth pace was the most rapid in 2008 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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