Eastern Asia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Eastern Asia

The East Asian talc and steatite market shrank to $X in 2022, declining by -6.8% against the previous year. In general, consumption, however, saw a slight downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Production in Eastern Asia

In value terms, talc and steatite production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2016 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports in Eastern Asia

In 2022, the amount of talc and steatite exported in Eastern Asia reduced to X tons, which is down by -8.4% on 2021. In general, exports continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 28%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, talc and steatite exports shrank to $X in 2022. Over the period under review, exports recorded a slight curtailment. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, resulting at X tons, which was near 93% of total exports in 2022. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to talc and steatite exports from China stood at -1.2%. At the same time, South Korea (+8.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +8.4% from 2012-2022. While the share of South Korea (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest talc and steatite supplier in Eastern Asia, comprising 84% of total exports. The second position in the ranking was held by South Korea ($X), with a 7.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to -1.9%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.5%).

Talc And Steatite Imports

Imports in Eastern Asia

In 2022, imports of talc and steatite in Eastern Asia reduced slightly to X tons, waning by -3.7% compared with the year before. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports dropped slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Japan (X tons) and South Korea (X tons) represented roughly 71% of total imports in 2022. It was distantly followed by China (X tons) and Taiwan (Chinese) (X tons), together creating a 29% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +8.4%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported talc and steatite in Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by South Korea ($X), with a 21% share of total imports. It was followed by China, with a 21% share.

From 2012 to 2022, the average annual growth rate of value in Japan amounted to -1.8%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+2.3% per year) and China (+8.6% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 8.1%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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