Iran: Talc And Steatite Market 2024

Talc And Steatite Market Size in Iran

In 2022, the Iranian talc and steatite market decreased by -1.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt decline. Talc and steatite consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Production in Iran

In value terms, talc and steatite production contracted slightly to $X in 2022 estimated in export price. In general, production saw a deep downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 83%. Talc and steatite production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports from Iran

In 2022, approx. X tons of talc and steatite were exported from Iran; dropping by -7% compared with the previous year's figure. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 when exports increased by 274%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, talc and steatite exports contracted to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 113% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X tons) was the main destination for talc and steatite exports from Iran, with a 74% share of total exports. Moreover, talc and steatite exports to Qatar exceeded the volume sent to the second major destination, Turkey (X tons), sevenfold. Azerbaijan (X tons) ranked third in terms of total exports with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+16.9% per year) and Azerbaijan (-10.5% per year).

In value terms, the largest markets for talc and steatite exported from Iran were Turkey ($X), Azerbaijan ($X) and Armenia ($X), with a combined 75% share of total exports.

Turkey, with a CAGR of +33.3%, recorded 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, falling by -3.3% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 171%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the 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 Armenia ($X per ton), while the average price for exports to Qatar ($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 India (+49.6%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Iran

In 2022, after two years of decline, there was significant growth in supplies from abroad of talc and steatite, when their volume increased by 167% to X tons. In general, imports, however, faced a drastic downturn. The pace of growth appeared the most rapid in 2015 when imports increased by 205%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, talc and steatite imports skyrocketed to $X in 2022. Overall, imports, however, showed a abrupt descent. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of talc and steatite to Iran, accounting for a 72% share of total imports. Moreover, talc and steatite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at -8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Spain (+85.9% per year).

In value terms, India ($X) constituted the largest supplier of talc and steatite to Iran, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 9.6% share of total imports. It was followed by Spain, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.6% per year) and Spain (+95.5% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, picking up by 12% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2013 when the average import price increased by 67%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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