Report Update Nov 1, 2024

Myanmar - Talc and Steatite - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Talc And Steatite Market 2024

Talc And Steatite Market Size in Myanmar

The Myanmar's talc and steatite market reduced slightly to $X in 2022, remaining stable against the previous year. The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Talc and steatite consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Talc And Steatite Production in Myanmar

In value terms, talc and steatite production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +0.5% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 32%. Talc and steatite production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from Myanmar

In 2022, exports of talc and steatite from Myanmar stood at X tons, standing approx. at the year before. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 890%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports stood at $X in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 775%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

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

From 2016 to 2022, the average annual growth rate of volume to Vietnam was relatively modest.

From 2016 to 2022, the average annual rate of growth in terms of value to Vietnam was relatively modest.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the export price continues to indicate a deep downturn. The growth pace was the most rapid in 2018 a decrease of -4.2% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 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 Vietnam.

From 2016 to 2022, the rate of growth in terms of prices for Malaysia amounted to +474.4% per year.

Talc And Steatite Imports

Imports into Myanmar

Talc and steatite imports into Myanmar reduced dramatically to X tons in 2022, which is down by -28.9% on 2021 figures. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 68% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, talc and steatite imports dropped dramatically to $X in 2022. Overall, imports saw a dramatic decrease. The growth pace was the most rapid in 2021 when imports increased by 40%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of talc and steatite to Myanmar, accounting for a 84% share of total imports. Moreover, talc and steatite imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-9.0% per year) and Thailand (-15.2% per year).

In value terms, China ($X) constituted the largest supplier of talc and steatite to Myanmar, comprising 84% of total imports. The second position in the ranking was held by India ($X), with a 7.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-10.7% per year) and Thailand (-19.4% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, surging by 9.2% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the average import price increased by 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for talc and steatite in the world?

The country with the largest volume of talc and steatite consumption was India, accounting for 16% of total volume. Moreover, talc and steatite consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. Brazil ranked third in terms of total consumption with a 7.3% share.

What are the largest producers of talc and steatite in the world?

The countries with the highest volumes of in 2021 were India, China and Brazil, together accounting for 43% of global production. These countries were followed by Turkey, the United States, Democratic People's Republic of Korea, France, Pakistan, Finland, Canada, Afghanistan, Italy and Japan, which together accounted for a further 38%.

What are the leading suppliers of talc and steatite to Myanmar?

In value terms, China constituted the largest supplier of talc and steatite to Myanmar, comprising 77% of total imports. The second position in the ranking was occupied by Vietnam, with an 8.6% share of total imports. It was followed by Thailand, with a 4.7% share.

What is the average export price for talc and steatite in Myanmar?

In 2018, the average talc and steatite export price amounted to $1,165 per ton, remaining stable against the previous year.

What is the average import price for talc and steatite in Myanmar?

In 2021, the average talc and steatite import price amounted to $189 per ton, shrinking by -17% against the previous year.

This report provides an in-depth analysis of the talc and steatite market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023