Asia: Steatite Market 2021

Steatite Market Size in Asia

In 2019, the Asian steatite market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2014; however, from 2015 to 2019, consumption failed to regain the momentum.

Steatite Production in Asia

In value terms, steatite production shrank modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2018, and then dropped modestly in the following year.

Production By Country in Asia

The countries with the highest volumes of steatite production in 2019 were China (X tons), Afghanistan (X tons) and India (X tons), with a combined X% share of total production.

From 2007 to 2019, the biggest increases were in Afghanistan, while steatite production for the other leaders experienced more modest paces of growth.

Steatite Exports

Exports in Asia

In 2019, overseas shipments of steatites were finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a notable expansion. The pace of growth appeared the most rapid in 2010 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2016; afterwards, it flattened through to 2019.

In value terms, steatite exports reached $X in 2019. Over the period under review, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The level of export peaked in 2019 and is likely to see gradual growth in the immediate term.

Exports by Country

China was the key exporter of steatites in Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2019. Afghanistan (X tons) took the second position in the ranking, followed by Pakistan (X tons) and India (X tons). All these countries together took near X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Afghanistan, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest steatite supplier in Asia, comprising X% of total exports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Pakistan (+X% per year) and India (+X% per year).

Export Prices by Country

In 2019, the steatite export price in Asia amounted to $X per ton, reducing by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2019, the country with the highest price was China ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Steatite Imports

Imports in Asia

After two years of decline, supplies from abroad of steatites increased by X% to X tons in 2019. Total imports indicated a resilient increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum in 2019 and are likely to see steady growth in the near future.

In value terms, steatite imports amounted to $X in 2019. Total imports indicated resilient growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. The level of import peaked in 2019 and is expected to retain growth in the near future.

Imports by Country

In 2019, 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) were the largest importers of steatites, together creating X% of total imports.

From 2007 to 2019, the biggest increases were in Pakistan, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported steatites in Asia, comprising X% of total imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

In Japan, steatite imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The steatite import price in Asia stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2018, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2019, the country with the highest price was China ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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