HS Code:
Crocidolite, classified under HS Code 2524.10, is a type of asbestos mineral, often referred to as blue asbestos. It is known for its fine, fibrous structure and high tensile strength, historically used in insulation and construction materials. However, due to its severe health risks, including causing asbestosis and mesothelioma, its use and trade have been heavily restricted or banned in many countries. Global trade of crocidolite is now minimal and primarily involves countries with legacy stockpiles or specific industrial exemptions under strict regulations.
Total Trade Volume
Approximately $1.2 million USD
Data from 2022
Source
United Nations Comtrade Database
$0.5 million USD
41.7% of total trade of total trade
Decreasing
$0.3 million USD
25.0% of total trade of total trade
Decreasing
$0.2 million USD
16.7% of total trade of total trade
Stable
$0.1 million USD
8.3% of total trade of total trade
Decreasing
$0.1 million USD
8.3% of total trade of total trade
Stable
Average Rate
5.2%
Highest Rate
15% (applied by certain developing countries with restrictive import policies)
Lowest Rate
0% (under specific exemptions or free trade agreements)
Global decline in demand due to health concerns
Significant reduction in trade volume as countries phase out asbestos use in favor of safer alternatives like synthetic fibers and cellulose-based insulation materials.
2018-2022
Increased regulatory scrutiny and international agreements
Trade is heavily influenced by international treaties like the Rotterdam Convention, leading to near-total bans in many regions and a shift of limited trade to niche industrial applications.
2020-2022
Shift to remediation and disposal services
Rather than raw material trade, focus has shifted to asbestos removal and safe disposal services, creating a secondary market for handling legacy materials.
2021-2022
The European Union introduced stricter workplace exposure limits for asbestos, including crocidolite, and reinforced import bans to prevent illegal trade of asbestos-containing materials.
October 2022
Further reduction in trade within and into the EU, pushing remaining trade to less regulated markets.
South Africa, historically a major producer of crocidolite, announced a long-term plan to cease all asbestos mining and export activities, focusing on environmental remediation of old mines.
March 2023
Expected to significantly reduce global supply, further shrinking trade volumes.
The Rotterdam Convention added new guidelines for the prior informed consent procedure for asbestos trade, increasing transparency and restrictions on crocidolite exports.
June 2022
Increased administrative barriers to trade, discouraging transactions even in non-banned regions.