Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Nigeria: Talc And Steatite Market 2024

Talc And Steatite Market Size in Nigeria

The Nigerien talc and steatite market skyrocketed to $X in 2022, jumping by 97% 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 noticeable growth. Talc and steatite consumption peaked in 2022 and is expected to retain growth in the immediate term.

Talc And Steatite Exports

Exports from Nigeria

In 2022, the amount of talc and steatite exported from Nigeria soared to X tons, with an increase of 22% against the previous year's figure. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2018 with an increase of 2,608%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports expanded significantly to $X in 2022. Overall, exports posted measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 3,738% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons) was the main destination for talc and steatite exports from Nigeria, accounting for a 100% share of total exports. It was followed by China (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Benin stood at +87.2%.

In value terms, Benin ($X) remains the key foreign market for talc and steatite exports from Nigeria, comprising 100% of total exports. The second position in the ranking was held by China ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Benin totaled +53.4%.

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, dropping by -9.7% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2020 when the average export price increased by 246%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (-18.0%).

Talc And Steatite Imports

Imports into Nigeria

In 2022, approx. X tons of talc and steatite were imported into Nigeria; with an increase of 62% against the previous year. Over the period under review, imports saw moderate growth. The pace of growth appeared the most rapid in 2020 with an increase of 64% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, talc and steatite imports skyrocketed to $X in 2022. In general, imports saw a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest talc and steatite supplier to Nigeria, with a 60% share of total imports. Moreover, talc and steatite imports from India exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by China (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+98.3% per year) and China (-7.0% per year).

In value terms, the largest talc and steatite suppliers to Nigeria were India ($X), Indonesia ($X) and China ($X), with a combined 91% share of total imports.

Indonesia, with a CAGR of +52.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, rising by 30% against the previous year. In general, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 import price increased by +64.6% against 2018 indices. The most prominent rate of growth was recorded in 2013 an increase of 38%. The import price peaked at $X per ton in 2014; however, from 2015 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 Indonesia ($X per ton), while the price for China ($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 (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

India remains the largest talc and steatite consuming country worldwide, comprising approx. 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, with a combined 43% share of global production. Turkey, the United States, Democratic People's Republic of Korea, France, Pakistan, Finland, Canada, Afghanistan, Italy and Japan lagged somewhat behind, together accounting for a further 38%.

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

In value terms, China, Indonesia and India constituted the largest talc and steatite suppliers to Nigeria, with a combined 92% share of total imports. These countries were followed by France, which accounted for a further 3%.

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

In 2020, the average talc and steatite export price amounted to $84 per ton, picking up by 3.7% against the previous year.

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

The average talc and steatite import price stood at $412 per ton in 2021, surging by 8.5% against the previous year.

This report provides an in-depth analysis of the talc and steatite market in Nigeria. 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:

Nigeria

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to prepare your business for global expansion

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