Australia and Oceania: Talc And Steatite Market 2024

Talc And Steatite Market Size in Australia and Oceania

The talc and steatite market in Australia and Oceania declined to $X in 2022, which is down by -8.7% against the previous year. Overall, consumption, however, saw a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Production in Australia and Oceania

In value terms, talc and steatite production rose slightly to $X in 2022 estimated in export price. In general, production, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2016 with an increase of 31%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports in Australia and Oceania

In 2022, overseas shipments of talc and steatite increased by 32% to X tons for the first time since 2019, thus ending a two-year declining trend. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 53%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 44%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X tons) was the major exporter of talc and steatite in Australia and Oceania, committing 100% of total export.

Australia was also the fastest-growing in terms of the talc and steatite exports, with a CAGR of +3.6% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) also remains the largest talc and steatite supplier in Australia and Oceania.

From 2012 to 2022, the average annual growth rate of value in Australia was relatively modest.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price continues to indicate a pronounced descent. The growth pace was the most rapid in 2020 an increase of 11% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to -3.0% per year.

Talc And Steatite Imports

Imports in Australia and Oceania

In 2022, approx. X tons of talc and steatite were imported in Australia and Oceania; which is down by -26.1% against 2021 figures. The total import volume increased at an average annual rate of +1.4% 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 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of X tons, and then dropped remarkably in the following year.

In value terms, talc and steatite imports dropped notably 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 43%. As a result, imports attained the peak of $X, and then fell dramatically in the following year.

Imports by Country

Australia was the key importing country with an import of around X tons, which finished at 74% of total imports. It was distantly followed by New Zealand (X tons), making up a 20% share of total imports. Northern Mariana Islands (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Northern Mariana Islands (+15.8%) displayed positive paces of growth. Moreover, Northern Mariana Islands emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +15.8% from 2012-2022. By contrast, New Zealand (-1.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Australia and Northern Mariana Islands increased by +5.1 and +3 percentage points, respectively.

In value terms, Australia ($X) constitutes the largest market for imported talc and steatite in Australia and Oceania, comprising 75% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 20% share of total imports.

In Australia, talc and steatite imports increased at an average annual rate of +3.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (-2.7% per year) and Northern Mariana Islands (+18.7% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 8.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 13%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 New Zealand ($X per ton), while Northern Mariana Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Northern Mariana Islands (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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