Canada: Talc And Steatite Market 2024

Talc And Steatite Market Size in Canada

The Canadian talc and steatite market soared to $X in 2022, picking up by 16% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level in 2022 and is likely to continue growth in years to come.

Talc And Steatite Production in Canada

In value terms, talc and steatite production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.2% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 149%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports from Canada

In 2022, the amount of talc and steatite exported from Canada shrank to X tons, which is down by -13.3% compared with the previous year's figure. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, talc and steatite exports shrank to $X in 2022. In general, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for talc and steatite exports from Canada, accounting for a 63% share of total exports. Moreover, talc and steatite exports to the United States exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+228.2% per year) and China (+52.7% per year).

In value terms, the United States ($X) remains the key foreign market for talc and steatite exports from Canada, comprising 87% of total exports. The second position in the ranking was held by Germany ($X), with a 9.9% share of total exports. It was followed by China, with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+213.8% per year) and China (+41.6% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, rising by 6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 11%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into Canada

In 2022, purchases abroad of talc and steatite increased by 21% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a perceptible setback. The growth pace was the most rapid in 2018 when imports increased by 112%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main talc and steatite supplier to Canada, with a approx. 97% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -3.3%.

In value terms, the United States ($X) constituted the largest supplier of talc and steatite to Canada.

From 2012 to 2022, the average annual growth rate of value from the United States totaled +2.3%.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, with a decrease of -3.2% against the previous year. Overall, the import price, however, saw strong growth. The pace of growth appeared the most rapid in 2015 an increase of 145% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +5.8% per year.

Source: IndexBox Platform

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