Latin America and the Caribbean: Talc And Steatite Market 2024

Talc And Steatite Market Size in Latin America and the Caribbean

The Latin American talc and steatite market was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Talc And Steatite Production in Latin America and the Caribbean

In value terms, talc and steatite production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 76%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Talc And Steatite Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of talc and steatite decreased by -1.7% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. As a result, the exports reached the peak of X tons, and then dropped in the following year.

In value terms, talc and steatite exports amounted to $X in 2022. Total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

Exports by Country

Brazil represented the largest exporter of talc and steatite in Latin America and the Caribbean, with the volume of exports accounting for X tons, which was approx. 60% of total exports in 2022. It was distantly followed by Peru (X tons), comprising a 30% share of total exports. Guatemala (X tons), Colombia (X tons) and Mexico (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +7.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest talc and steatite supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was taken by Peru ($X), with a 20% share of total exports. It was followed by Guatemala, with a 3.9% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +3.6%. In the other countries, the average annual rates were as follows: Peru (-3.1% per year) and Guatemala (+14.6% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, rising by 1.7% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 10%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guatemala (+6.3%), while the other leaders experienced more modest paces of growth.

Talc And Steatite Imports

Imports in Latin America and the Caribbean

In 2022, talc and steatite imports in Latin America and the Caribbean dropped to X tons, waning by -3.4% on the year before. Over the period under review, imports saw a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) was the main importer of talc and steatite, mixing up 53% of total imports. Brazil (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Chile (7.7%), Ecuador (5.8%), Argentina (5.7%) and Colombia (5.5%). The Dominican Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to talc and steatite imports into Mexico stood at -4.5%. At the same time, the Dominican Republic (+15.9%) and Brazil (+4.0%) displayed positive paces of growth. Moreover, the Dominican Republic emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +15.9% from 2012-2022. Ecuador experienced a relatively flat trend pattern. By contrast, Chile (-3.0%), Argentina (-4.0%) and Colombia (-6.9%) illustrated a downward trend over the same period. While the share of Brazil (+5.4 p.p.), the Dominican Republic (+2.3 p.p.) and Ecuador (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Colombia (-2.6 p.p.) and Mexico (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported talc and steatite in Latin America and the Caribbean, comprising 53% of total imports. The second position in the ranking was held by Brazil ($X), with a 13% share of total imports. It was followed by Chile, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +5.1%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+5.4% per year) and Chile (+1.0% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, growing by 17% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talc and steatite import price increased by +88.1% against 2012 indices. The growth pace was the most rapid in 2013 when the import price increased by 19%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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