Asbestos: other than crocidolite (blue asbestos)

In 2024, asbestos: other than crocidolite (blue asbestos) trade exhibited significant decline, with global flows reaching $402,043,598 and a three-year compound annual growth rate of +1.6% (five-year: +4.4%). The all-time peak of $632,343,516 was recorded in 2012; the current level is 36% below that high-water mark.

Over the 30-year observation window (1995–2024), 48% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+3.1% acceleration).

The supply side is concentrated (Herfindahl-Hirschman Index 0.372). The three largest exporters — Russia ($237.1M), Brazil ($102.4M), and Kazakhstan ($87.5M) — collectively dominate supply flows. The leading exporter has grown at -2.7% over the last three years.

On the demand side, importer concentration is concentrated (HHI 0.252). The three largest import markets are India ($185.2M), Indonesia ($42.7M), and Uzbekistan ($42.4M). The largest importing market sources from 7 different supplying countries.

Estimated substitution elasticity: -9.38. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is Russia → India at $89.5M, representing 48.3% of the importer's total demand.

The volatility score for asbestos: other than crocidolite (blue asbestos) is 8 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.