Dominican Republic: Talc And Steatite Market 2024

Talc And Steatite Market Size in the Dominican Republic

In 2022, the Dominican talc and steatite market increased by 97% to $X, rising for the third year in a row after two years of decline. Overall, consumption posted significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Talc And Steatite Exports

Exports from the Dominican Republic

In 2022, overseas shipments of talc and steatite were finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a abrupt downturn. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports surged to $X in 2022. Over the period under review, exports, however, showed a deep contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 706%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Haiti (X kg) was the main destination for talc and steatite exports from the Dominican Republic, with a 82% share of total exports. Moreover, talc and steatite exports to Haiti exceeded the volume sent to the second major destination, the United States (X kg), sixfold. The third position in this ranking was held by Bahamas (X kg), with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.6% per year) and Bahamas (0.0% per year).

In value terms, Haiti ($X) remains the key foreign market for talc and steatite exports from the Dominican Republic, comprising 90% of total exports. The second position in the ranking was held by the United States ($X), with a 4.5% share of total exports. It was followed by Turks and Caicos Islands, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Haiti was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.8% per year) and Turks and Caicos Islands (0.0% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, shrinking by -11.1% against the previous year. In general, the export price, however, saw a mild expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 323%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Haiti ($X per ton), while the average price for exports to the United States ($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 Guatemala (+30.5%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of talc and steatite increased by 43% to X tons, rising for the third consecutive year after two years of decline. Overall, imports posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 47%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, talc and steatite imports surged to $X in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest talc and steatite supplier to the Dominican Republic, with a 70% share of total imports. Moreover, talc and steatite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by the United States (X tons), with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +101.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and the United States (-7.4% per year).

In value terms, India ($X) constituted the largest supplier of talc and steatite to the Dominican Republic, comprising 73% of total imports. The second position in the ranking was taken by China ($X), with an 8.8% share of total imports. It was followed by the United States, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +119.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.4% per year) and the United States (-3.5% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, rising by 54% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talc and steatite import price increased by +99.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Colombia ($X per ton), while the price for Turkey ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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