India: Talc And Steatite Market 2024

Talc And Steatite Market Size in India

The Indian talc and steatite market was estimated at $X in 2022, surging by 4.1% against the previous year. Overall, consumption, however, recorded a modest increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Talc And Steatite Production in India

In value terms, talc and steatite production expanded rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a notable expansion 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, production decreased by -10.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 78%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Talc And Steatite Exports

Exports from India

Talc and steatite exports from India amounted to X tons in 2022, with an increase of 2.1% on the previous year's figure. In general, exports saw a resilient increase. The growth pace was the most rapid in 2013 with an increase of 61% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, talc and steatite exports reached $X in 2022. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 60% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X tons), Thailand (X tons) and South Korea (X tons) were the main destinations of talc and steatite exports from India, together comprising 30% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +70.3%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Indonesia ($X) and South Korea ($X) were the largest markets for talc and steatite exported from India worldwide, together accounting for 29% of total exports.

South Korea, with a CAGR of +56.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 23%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($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 Malaysia (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into India

In 2022, approx. X tons of talc and steatite were imported into India; with a decrease of -29.3% on the year before. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 71% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then fell rapidly in the following year.

In value terms, talc and steatite imports soared to $X in 2022. Over the period under review, imports, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 41% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), the United States (X tons) and China (X tons) were the main suppliers of talc and steatite imports to India, with a combined 66% share of total imports. Belgium, Spain, Japan, Portugal, France, Slovenia, Nepal and Austria lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +204.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite suppliers to India were Italy ($X), the United States ($X) and China ($X), together comprising 69% of total imports. Belgium, Japan, Spain, Portugal, Slovenia, France, Nepal and Austria lagged somewhat behind, together accounting for a further 24%.

Spain, with a CAGR of +220.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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, jumping by 73% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nepal ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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