Australia: Steatite Market 2021

Steatite Market Size in Australia

In 2019, the Australian steatite market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Steatite consumption peaked at $X in 2016; however, from 2017 to 2019, consumption stood at a somewhat lower figure.

Steatite Production in Australia

In value terms, steatite production dropped to $X in 2019 estimated in export prices. Over the period under review, production recorded a slight decrease. The most prominent rate of growth was recorded in 2009 when the production volume increased by X% year-to-year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2019, production failed to regain the momentum.

Steatite Exports

Exports from Australia

In 2019, overseas shipments of steatites decreased by -X% to X tons for the first time since 2016, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed measured growth. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tons in 2018, and then fell in the following year.

In value terms, steatite exports declined to $X in 2019. In general, exports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2017 with an increase of X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), Belgium (X tons) and the U.S. (X tons) were the main destinations of steatite exports from Australia, together comprising X% of total exports.

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

In value terms, Belgium ($X), Japan ($X) and the U.S. ($X) appeared to be the largest markets for steatite exported from Australia worldwide, together comprising X% of total exports.

Among the main countries of destination, Japan saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, dropping by -X% against the previous year. Over the period under review, the export price continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% against the previous year. Over the period under review, average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Belgium ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Belgium, while the prices for the other major destinations experienced a decline.

Steatite Imports

Imports into Australia

In 2019, purchases abroad of steatites decreased by -X% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, steatite imports declined to $X in 2019. In general, total imports indicated temperate growth from 2007 to 2019: its value 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. Based on 2019 figures, imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of steatite to Australia, accounting for a X% share of total imports. Moreover, steatite imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+X% per year) and India (+X% per year).

In value terms, China ($X) constituted the largest supplier of steatite to Australia, comprising X% of total imports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total imports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+X% per year) and the U.S. (-X% per year).

Import Prices by Country

In 2019, the average steatite import price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a mild slump. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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