Fabricated crocidolite (blue asbestos) fibres, mixtures with a basis of crocidolite (blue asbestos), articles of crocidolite (blue asbestos), whether or not reinforced, not goods of heading 6811 or 6813

In 2024, fabricated crocidolite (blue asbestos) fibres, mixtures with a basis of crocidolite (blue asbestos), articles of crocidolite (blue asbestos), whether or not reinforced, not goods of heading 6811 or 6813 trade exhibited significant decline, with global flows reaching $6,242,220 and a three-year compound annual growth rate of +5.5% (five-year: -8.8%). The all-time peak of $28,556,909 was recorded in 2008; the current level is 78% below that high-water mark.

Over the 30-year observation window (1995–2024), 41% of years recorded positive growth, indicating significant cyclicality with frequent contractions. Trend momentum is strengthening (+13.6% acceleration).

The supply side is diversified (Herfindahl-Hirschman Index 0.123). The three largest exporters — United Kingdom ($2.6M), United States ($2.1M), and China ($1.6M) — collectively dominate supply flows. The leading exporter has grown at -9.6% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.067). The three largest import markets are Venezuela ($988.8K), Indonesia ($875.6K), and Singapore ($447.0K). The largest importing market sources from 1 different supplying countries.

Estimated substitution elasticity: -7.84. Buyers are highly price-sensitive and can switch between suppliers relatively easily.

The dominant trade corridor is United Kingdom → Iraq at $2.1M, representing 100.0% of the importer's total demand.

The volatility score for fabricated crocidolite (blue asbestos) fibres, mixtures with a basis of crocidolite (blue asbestos), articles of crocidolite (blue asbestos), whether or not reinforced, not goods of heading 6811 or 6813 is 10 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 diversified supply landscape means many competitors but also multiple entry points and buyer relationships to target.

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