Egypt: Talc And Steatite Market 2024

Talc And Steatite Market Size in Egypt

The Egyptian talc and steatite market surged to $X in 2022, growing by 219% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable shrinkage. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Production in Egypt

In value terms, talc and steatite production soared to $X in 2022 estimated in export price. Overall, production showed pronounced growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by 181%. Talc and steatite production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from Egypt

In 2022, talc and steatite exports from Egypt dropped to X tons, which is down by -7.7% compared with the previous year's figure. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 with an increase of 146% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports expanded modestly to $X in 2022. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when exports increased by 133%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons), Turkey (X tons) and Italy (X tons) were the main destinations of talc and steatite exports from Egypt, with a combined 46% share of total exports. Tunisia, Spain, Algeria, Jordan, Syrian Arab Republic, Cote d'Ivoire, the Czech Republic, Lebanon, Ghana and Senegal lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +22.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for talc and steatite exported from Egypt were Turkey ($X), Italy ($X) and Greece ($X), together comprising 40% of total exports. Tunisia, Spain, Algeria, Jordan, Syrian Arab Republic, Cote d'Ivoire, the Czech Republic, Lebanon, Ghana and Senegal lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, the Czech Republic, with a CAGR of +30.3%, 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

In 2022, the average talc and steatite export price amounted to $X per ton, growing by 10% against the previous year. Over the period under review, the export price posted resilient growth. The growth pace was the most rapid in 2020 when the average export price increased by 75% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while the average price for exports to Greece ($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 Italy (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Egypt

In 2022, the amount of talc and steatite imported into Egypt reduced to X tons, which is down by -12.2% on the previous year's figure. Over the period under review, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2017 with an increase of 39% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, talc and steatite imports reduced to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +25.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. Imports peaked at $X in 2021, and then contracted in the following year.

Imports by Country

France (X tons), Italy (X tons) and India (X tons) were the main suppliers of talc and steatite imports to Egypt, with a combined 91% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +34.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite suppliers to Egypt were Italy ($X), France ($X) and India ($X), together accounting for 90% of total imports.

France, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, with an increase of 7.9% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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