ASEAN: Talc And Steatite Market 2024

Talc And Steatite Market Size in ASEAN

The ASEAN talc and steatite market declined modestly to $X in 2022, remaining constant against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then reduced modestly in the following year.

Talc And Steatite Production in ASEAN

In value terms, talc and steatite production expanded to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 24%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports in ASEAN

Talc and steatite exports dropped rapidly to X tons in 2022, reducing by -16.5% against the previous year. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 31% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports declined notably to $X in 2022. Over the period under review, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by 44% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand represented the largest exporter of talc and steatite in ASEAN, with the volume of exports finishing at X tons, which was near 48% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a 28% share, followed by Malaysia (20%). Indonesia (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +0.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X), Singapore ($X) and Malaysia ($X) were the countries with the highest levels of exports in 2022, with a combined 96% share of total exports. These countries were followed by Indonesia, which accounted for a further 3%.

Indonesia, with a CAGR of +6.2%, saw the highest growth rate of 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

In 2022, the export price in ASEAN amounted to $X per ton, which is down by -9% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talc and steatite export price increased by +50.8% against 2014 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by 13%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.4%), while the other leaders experienced more modest paces of growth.

Talc And Steatite Imports

Imports in ASEAN

In 2022, the amount of talc and steatite imported in ASEAN reduced slightly to X tons, approximately equating 2021 figures. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of X tons, leveling off in the following year.

In value terms, talc and steatite imports reduced slightly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented the major importers of talc and steatite in 2022, reaching near 37% and 36% of total imports, respectively. Malaysia (X tons) ranks next in terms of the total imports with an 11% share, followed by Vietnam (7.8%). The Philippines (X tons) and Singapore (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +10.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest talc and steatite importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), together comprising 80% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +9.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform