Colombia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Colombia

The Colombian talc and steatite market shrank to $X in 2022, with a decrease of -13.7% against the previous year. Overall, consumption saw a abrupt decrease. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Talc And Steatite Production in Colombia

In value terms, talc and steatite production totaled $X in 2022 estimated in export price. Over the period under review, production showed a noticeable slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 114%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Talc And Steatite Exports

Exports from Colombia

In 2022, approx. X tons of talc and steatite were exported from Colombia; with an increase of 3.6% against the previous year's figure. Overall, total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -3.5% against 2020 indices. The growth pace was the most rapid in 2015 when exports increased by 50% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports rose to $X in 2022. In general, exports recorded a measured increase. The pace of growth appeared the most rapid in 2020 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Guatemala (X tons), Costa Rica (X tons) and the Dominican Republic (X tons) were the main destinations of talc and steatite exports from Colombia, together accounting for 71% of total exports. Honduras, Ecuador, Chile, Panama and Venezuela lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +98.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Dominican Republic ($X), Guatemala ($X) and Costa Rica ($X) constituted the largest markets for talc and steatite exported from Colombia worldwide, with a combined 74% share of total exports. Honduras, Ecuador, Chile, Venezuela and Panama lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Chile, with a CAGR of +62.7%, recorded the highest rates of growth with regard to 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 talc and steatite export price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2019 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Panama ($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 Dominican Republic (+20.4%), while the prices for the other major destinations experienced mixed trend patterns.

Talc And Steatite Imports

Imports into Colombia

Talc and steatite imports into Colombia declined to X tons in 2022, reducing by -11.3% compared with 2021. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, talc and steatite imports reduced to $X in 2022. Over the period under review, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2021 when imports increased by 34%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Peru (X tons) and Brazil (X tons) were the main suppliers of talc and steatite imports to Colombia, with a combined 70% share of total imports. The United States, Pakistan, Argentina and Italy lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +49.3%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Brazil ($X) and Peru ($X) appeared to be the largest talc and steatite suppliers to Colombia, with a combined 52% share of total imports. The United States, Argentina, Pakistan and Italy lagged somewhat behind, together comprising a further 33%.

Among the main suppliers, Argentina, with a CAGR of +58.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 when the average import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for China ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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