Mexico: Talc And Steatite Market 2024

Talc And Steatite Market Size in Mexico

In 2022, after two years of decline, there was significant growth in the Mexican talc and steatite market, when its value increased by 427% to $X. Overall, consumption, however, saw a mild slump. Talc and steatite consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in Mexico

In value terms, talc and steatite production shrank slightly to $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +0.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 125% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Talc And Steatite Exports

Exports from Mexico

In 2022, overseas shipments of talc and steatite increased by 3,873% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 7,730%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7,594%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for talc and steatite exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +15.0%.

In value terms, the United States ($X) also remains the key foreign market for talc and steatite exports from Mexico.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +24.7%.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, picking up by 6.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 50% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +8.4% per year.

Talc And Steatite Imports

Imports into Mexico

In 2022, purchases abroad of talc and steatite increased by 2% to X tons, rising for the second consecutive year after five years of decline. Overall, imports, however, showed a perceptible descent. The growth pace was the most rapid in 2021 with an increase of 30%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of talc and steatite to Mexico, with a 80% share of total imports. Moreover, talc and steatite imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. South Korea (X tons) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.5% per year) and South Korea (+71.9% per year).

In value terms, the United States ($X) constituted the largest supplier of talc and steatite to Mexico, comprising 83% of total imports. The second position in the ranking was taken by China ($X), with a 14% share of total imports. It was followed by Canada, with a 1.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.6% per year) and Canada (+0.1% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, surging by 18% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +10.1% 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 +161.3% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 30%. The import price peaked in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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