Luxembourg: Talc And Steatite Market 2024

Talc And Steatite Market Size in Luxembourg

The Luxembourg talc and steatite market declined to $X in 2022, shrinking by -2.5% 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from Luxembourg

In 2022, shipments abroad of talc and steatite was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 568%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, talc and steatite exports soared to $X in 2022. In general, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 6,066% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for talc and steatite exports from Luxembourg, with a 90% share of total exports. Moreover, talc and steatite exports to Russia exceeded the volume sent to the second major destination, France (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +171.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+36.1% per year) and Belgium (-32.6% per year).

In value terms, Russia ($X) remains the key foreign market for talc and steatite exports from Luxembourg, comprising 78% of total exports. The second position in the ranking was held by France ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia stood at +206.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+38.9% per year) and Belgium (-22.7% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, picking up by 7.9% against the previous year. In general, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 822%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Russia ($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 Belgium (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Luxembourg

In 2022, approx. X tons of talc and steatite were imported into Luxembourg; shrinking by -12% against the previous year's figure. Over the period under review, imports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2015 with an increase of 154%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, talc and steatite imports soared to $X in 2022. In general, imports saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 73%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X tons) constituted the largest supplier of talc and steatite to Luxembourg, with a 61% share of total imports. Moreover, talc and steatite imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-2.0% per year) and Italy (+11.6% per year).

In value terms, Belgium ($X) constituted the largest supplier of talc and steatite to Luxembourg, comprising 50% of total imports. The second position in the ranking was held by the United States ($X), with a 19% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled -3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+79.9% per year) and the Netherlands (-0.1% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, growing by 35% against the previous year. Overall, the import price, however, saw a pronounced decline. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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