Oman: Talc And Steatite Market 2025

Talc And Steatite Market Size in Oman

In 2022, after two years of growth, there was significant decline in the Omani talc and steatite market, when its value decreased by -10.5% to $X. Over the period under review, consumption, however, saw prominent growth. Talc and steatite consumption peaked at $X in 2021, and then fell in the following year.

Talc And Steatite Exports

Exports from Oman

In 2022, after two years of decline, there was significant growth in shipments abroad of talc and steatite, when their volume increased by 29% to X tons. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 444%. The exports peaked 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 rose notably to $X in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 521%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for talc and steatite exports from Oman, 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 Arab Emirates stood at +28.0%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates stood at +30.6%.

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, declining by -18.2% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 export price increased by +16.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped rapidly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +55.9% per year.

Talc And Steatite Imports

Imports into Oman

In 2022, overseas purchases of talc and steatite decreased by -0.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 when imports increased by 135% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, talc and steatite imports contracted to $X in 2022. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Over the period under review, imports attained the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

India (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main suppliers of talc and steatite imports to Oman, with a combined 86% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +91.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), India ($X) and the United Arab Emirates ($X) appeared to be the largest talc and steatite suppliers to Oman, with a combined 81% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +61.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, waning by -13.5% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 +122.6% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 61%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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