Asia-Pacific: Talc And Steatite Market 2024

Talc And Steatite Market Size in Asia-Pacific

The Asia-Pacific talc and steatite market fell to $X in 2022, with a decrease of -4% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the market value increased by 8.5%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Production in Asia-Pacific

In value terms, talc and steatite production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 14%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports in Asia-Pacific

In 2022, exports of talc and steatite in Asia-Pacific fell to X tons, waning by -8.8% against 2021 figures. The total export volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 57% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, talc and steatite exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

In 2022, China (X tons) was the major exporter of talc and steatite, constituting 39% of total exports. India (X tons) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by Pakistan (19%), Afghanistan (12%) and Australia (6.5%). South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Afghanistan (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest talc and steatite supplier in Asia-Pacific, comprising 43% of total exports. The second position in the ranking was taken by India ($X), with a 20% share of total exports. It was followed by Pakistan, with a 17% share.

In China, talc and steatite exports contracted by an average annual rate of -1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+13.5% per year) and Pakistan (+1.2% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, stabilizing at the previous year. Overall, the export price saw a slight downturn. The pace of growth appeared the most rapid in 2015 an increase of 17%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+5.1%), while the other leaders experienced more modest paces of growth.

Talc And Steatite Imports

Imports in Asia-Pacific

In 2022, imports of talc and steatite in Asia-Pacific reached X tons, picking up by 4.1% compared with the previous year. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.8% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 64%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, talc and steatite imports declined to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 41% against the previous year. As a result, imports reached the peak of $X, and then contracted slightly in the following year.

Imports by Country

In 2022, Pakistan (X tons), distantly followed by Japan (X tons), South Korea (X tons), Thailand (X tons), Indonesia (X tons), China (X tons) and Taiwan (Chinese) (X tons) represented the key importers of talc and steatite, together committing 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Pakistan (with a CAGR of +31.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite importing markets in Asia-Pacific were Japan ($X), Thailand ($X) and Pakistan ($X), with a combined 51% share of total imports.

Among the main importing countries, Pakistan, with a CAGR of +34.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by -6.7% against the previous year. Over the period under review, the import price showed a noticeable decrease. The growth pace was the most rapid in 2015 when the import price increased by 29% against the previous year. The level of import peaked 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 China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+2.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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