MENA: Talc And Steatite Market 2024

Talc And Steatite Market Size in MENA

The MENA's talc and steatite market expanded to $X in 2022, growing by 1.9% against the previous year. In general, consumption continues to indicate a prominent expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Talc And Steatite Production in MENA

In value terms, talc and steatite production reached $X in 2022 estimated in export price. Overall, production enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 68% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports in MENA

In 2022, shipments abroad of talc and steatite increased by 8.5% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2016 with an increase of 54% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, talc and steatite exports soared to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 49%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons) and Egypt (X tons) dominates exports structure, together achieving 88% of total exports. It was distantly followed by Saudi Arabia (X tons), mixing up a 5.4% share of total exports. Iran (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Egypt ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2022, with a combined 94% share of total exports.

Turkey, with a CAGR of +15.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, picking up by 24% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 export price increased by +90.4% against 2017 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 34%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+5.5%), while the other leaders experienced more modest paces of growth.

Talc And Steatite Imports

Imports in MENA

In 2022, supplies from abroad of talc and steatite decreased by -7.7% to X tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 17%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, talc and steatite imports fell modestly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

Turkey was the main importing country with an import of about X tons, which recorded 38% of total imports. The United Arab Emirates (X tons) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Israel (9.5%), Morocco (5.1%) and Egypt (4.6%). The following importers - Tunisia (X tons) and Qatar (X tons) - each amounted to a 6.1% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of +8.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together accounting for 65% of total imports. Morocco, Qatar, Egypt and Tunisia lagged somewhat behind, together accounting for a further 23%.

Qatar, with a CAGR of +12.8%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, with an increase of 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth was the most pronounced in 2021 when the import price increased by 13% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform