Market research

Asbestos market in Asia

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Asia" region includes following countries:

China

Hong Kong

Japan

North Korea

South Korea

Macao

Mongolia

Afghanistan

Bangladesh

Bhutan

Sri Lanka

India

Iran

Maldives

Nepal

Pakistan

Brunei Darussalam

Myanmar

Cambodia

Indonesia

Laos

Malaysia

the Philippines

Timor-Leste

Singapore

Vietnam

Thailand

Kazakhstan

Kyrgyzstan

Tajikistan

Turkmenistan

Uzbekistan

Azerbaijan

Armenia

Bahrain

Cyprus

Georgia

Palestine

Iraq

Israel

Jordan

Kuwait

Lebanon

Oman

Qatar

Saudi Arabia

Syria

Turkey

the United Arab Emirates

Yemen

Earlier Report Observations

The asbestos market in Asia showed relative stability from 2018 to 2020, with volumes hovering between 669.0 and 699.1 thousand tonnes. A slight contraction of 2.8% in 2019 was followed by a minor 1.5% dip in 2020, effectively keeping the market size steady around 670-700 thousand tonnes. This pattern shifted markedly in 2021, when the market volume surged by 22.7% to reach 821.1 thousand tonnes. Growth continued into 2022, adding a further 2.6% to reach 842.7 thousand tonnes.

By 2024, structural changes were influencing the market landscape. The United States implemented a ban on chrysotile asbestos, driving a shift towards alternative materials and reducing domestic consumption. Simultaneously, several Asian nations like Indonesia, Vietnam, and the Philippines maintained permissive regulations, allowing continued imports from Russia and Kazakhstan, which supported regional demand.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Asia
  1. 5.1.1. Annual dynamics of production in Asia in kind, 2018-2022, K t
2. 5.2. Global production by Country, 2018-2022
  1. 5.2.1. Annual dynamics of production by country in kind, 2018-2022, K t
  2. 5.2.2. Structure of production by countries in kind, 2018-2022
  3. 5.2.3. Dynamics of peoduction structure by countries in kind, 2018-2022
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.1.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to China in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to China by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's imports to China in value, 2018-2024, M $ US
    2. 6.2.3.2. Dynamics of product's imports in value to China by countries, 2018-2024, M $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to China, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to China by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.1.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from China in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from China by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's exports from China in value, 2018-2024, M $ US
    2. 7.2.3.2. Dynamics of product's exports in value from China by countries, 2018-2024, M $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from China, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from China by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production asbestos in Asia

In kind, 2017-2020, K t

Top producers of asbestos, 2017-2020

Source: SHEV.io

World map of production of asbestos, 2017-2020

Source: SHEV.io

Asia's asbestos production has increased for the third consecutive year. In 2020, the region produced 357.4 thousand tons of asbestos, marking a 1.9% year-over-year advance. Between 2017 and 2020, production grew by 12.6%, which translates to an annualized rate of 4.0%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.7%	8.7%	1.9%	4.0%

Source: SHEV.io

In value, 2017-2020, M $ US

In 2020, the output of asbestos in Asia was valued at 176.5 million US dollars, representing a significant decrease of 20.0% compared to the previous year. Between 2017 and 2020, production value declined by 4.8%, equating to an annualized rate of 1.6%. The minimum value was recorded in 2018 at 164.4 million US dollars, while the maximum value occurred in 2019 at 220.7 million US dollars. The largest increase was observed in 2019, with a rise of 34.2%.

Annual dynamics of production in Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(11.3%)	34.2%	(20.0%)	(1.6%)

Source: SHEV.io

Exports asbestos from Asia

Exports in kind, K t

In 2020, foreign asbestos supplies from Asia reached 146.2 thousand tons, equivalent to a robust advance of 23.5% compared to the previous year. Over the period from 2017 to 2020, exports increased by 28.6%, with a compound annual growth rate (CAGR) of 8.7%. The largest decline was recorded in 2019, at 7.3%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	12.3%	(7.3%)	23.5%	8.7%

Source: SHEV.io

From 2017 to 2020, Ukraine remained the key buyer of asbestos from Asia, accounting for 4.6% of total exports in kind.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in kind, 2017-2020

Source: SHEV.io

Exports in value, M $ US

In 2020, asbestos exports from Asia were recorded at 72.2 million US dollars, marking a moderate decrease of 3.1% relative to the prior year. Over the period from 2017 to 2020, exports increased by 8.7%, with a compound annual growth rate (CAGR) of 2.8%. The minimum value was recorded in 2018 at 65.0 million US dollars, while the maximum value occurred in 2019 at 74.5 million US dollars. The largest increase was observed in 2019, with a rise of 14.6%.

Annual dynamics of product's exports from Asia in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.0%)	14.6%	(3.1%)	2.8%

Source: SHEV.io

From 2017 to 2020, the main share of asbestos exports from Asia in value terms fell on Ukraine, which accounted for 5.7% of total flows.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Asia in value, 2017-2020

Source: SHEV.io

Imports asbestos to Asia

Imports in kind, K t

In 2020, asbestos deliveries to Asia reached 457.8 thousand tons, marking a slight rise of 2.4% compared to 2019. The minimum value was recorded in 2019 at 447.1 thousand tons, while the maximum value occurred in 2018 at 504.0 thousand tons. The largest decline was observed in 2019, at 11.3%, and the largest increase was recorded in 2018, at 9.4%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.4%	(11.3%)	2.4%	(0.2%)

Source: SHEV.io

Over the period from 2017 to 2020, Russia and Brazil consistently remained the main markets for asbestos imports in kind to Asia, together accounting for 66.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Asia in kind, 2017-2020

Source: SHEV.io

Imports in value, M $ US

Asia's asbestos imports have declined for the third consecutive year. In 2020, imports were recorded at 189.4 million US dollars, representing a 2.7% decrease over the past year. Between 2017 and 2020, imports decreased by 13.5%, equating to an annualized rate of 4.7%.

Annual dynamics of product's imports to Asia in value, 2017-2020, M $ US