Ecuador: Talc And Steatite Market 2024

Talc And Steatite Market Size in Ecuador

The Ecuadorian talc and steatite market declined sharply to $X in 2022, waning by -21.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.4% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank dramatically in the following year.

Talc And Steatite Exports

Exports from Ecuador

In 2022, approx. X tons of talc and steatite were exported from Ecuador; picking up by 2.1% on 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 28%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, talc and steatite exports expanded markedly to $X in 2022. In general, exports, however, faced a abrupt descent. The growth pace was the most rapid in 2017 when exports increased by 61% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for talc and steatite exports from Ecuador, with a 93% share of total exports. Moreover, talc and steatite exports to Peru exceeded the volume sent to the second major destination, Colombia (X kg), more than tenfold. The third position in this ranking was held by the United States (X kg), with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Peru stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+3.2% per year) and the United States (-42.2% per year).

In value terms, Peru ($X) remains the key foreign market for talc and steatite exports from Ecuador, comprising 70% of total exports. The second position in the ranking was held by Colombia ($X), with a 17% share of total exports. It was followed by the United States, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Peru totaled +11.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (-3.3% per year) and the United States (-30.0% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, growing by 11% against the previous year. In general, the export price showed noticeable growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 34%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

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 Chile ($X per ton), while the average price for exports to Peru ($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 Chile (+44.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Ecuador

In 2022, talc and steatite imports into Ecuador reduced dramatically to X tons, with a decrease of -17.7% against 2021 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, talc and steatite imports contracted notably to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +39.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2022, Peru (X tons) constituted the largest talc and steatite supplier to Ecuador, accounting for a 80% share of total imports. Moreover, talc and steatite imports from Peru exceeded the figures recorded by the second-largest supplier, China (X tons), tenfold. The third position in this ranking was held by the United States (X tons), with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru amounted to +1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-5.1% per year) and the United States (+0.8% per year).

In value terms, Peru ($X) constituted the largest supplier of talc and steatite to Ecuador, comprising 65% of total imports. The second position in the ranking was taken by the United States ($X), with an 8% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual growth rate of value from Peru amounted to +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+0.8% per year) and China (-1.2% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, waning by -5.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2016 when the average import price increased by 16%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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