Northern America: Talc And Steatite Market 2024

Talc And Steatite Market Size in Northern America

The North American talc and steatite market surged to $X in 2022, jumping by 16% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Production in Northern America

In value terms, talc and steatite production dropped slightly to $X in 2022 estimated in export price. The total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +4.7% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 61% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports in Northern America

In 2022, talc and steatite exports in Northern America dropped dramatically to X tons, declining by -16.7% on 2021. Total exports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports declined to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States was the largest exporter of talc and steatite in Northern America, with the volume of exports recording X tons, which was approx. 68% of total exports in 2022. It was distantly followed by Canada (X tons), achieving a 32% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of talc and steatite. At the same time, Canada (+4.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +4.2% from 2012-2022. Canada (+8.1 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -8.1% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest talc and steatite supplier in Northern America, comprising 74% of total exports. The second position in the ranking was held by Canada ($X), with a 26% share of total exports.

In the United States, talc and steatite exports expanded at an average annual rate of +8.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +6.2%. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.4%).

Talc And Steatite Imports

Imports in Northern America

In 2022, purchases abroad of talc and steatite increased by 23% to X tons, rising for the second year in a row after five years of decline. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 49%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports totaled $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X tons) was the major importer of talc and steatite, making up 77% of total imports. It was distantly followed by Canada (X tons), mixing up a 23% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of talc and steatite. Canada (-3.3%) illustrated a downward trend over the same period. The United States (+7.8 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -7.8% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported talc and steatite in Northern America, comprising 88% of total imports. The second position in the ranking was held by Canada ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled +2.8%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, with a decrease of -7.9% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 decreased by -13.9% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 26% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+5.7%).

Source: IndexBox Platform

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