Asia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Asia

The Asian talc and steatite market contracted modestly to $X in 2022, which is down by -3.5% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7.8%. As a result, consumption reached the peak level of $X, and then contracted in the following year.

Talc And Steatite Production in Asia

In value terms, talc and steatite production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 14% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports in Asia

Talc and steatite exports contracted to X tons in 2022, reducing by -10.5% on the previous year. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 57%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, talc and steatite exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 40% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

China was the main exporter of talc and steatite in Asia, with the volume of exports resulting at X tons, which was near 42% of total exports in 2022. India (X tons) held the second position in the ranking, followed by Pakistan (X tons) and Afghanistan (X tons). All these countries together took approx. 54% share of total exports. 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 ($X) remains the largest talc and steatite supplier in Asia, comprising 44% of total exports. The second position in the ranking was taken by India ($X), with a 21% share of total exports. It was followed by Pakistan, with an 18% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to -1.9%. 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 amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The growth pace was the most rapid in 2015 an increase of 18% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Afghanistan ($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

Talc and steatite imports amounted to X tons in 2022, with an increase of 3.8% compared with the year before. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +3.8% 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 +38.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 60%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of $X, and then fell 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) were the key importers of talc and steatite, together making up 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, Japan ($X), Thailand ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 46% of total imports.

Among the main importing countries, Pakistan, with a CAGR of +34.0%, saw 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 stood at $X per ton in 2022, waning by -5.7% against the previous year. Over the period under review, the import price continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2015 an increase of 27%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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