Pakistan: Talc And Steatite Market 2024

Talc And Steatite Market Size in Pakistan

For the fourth consecutive year, the Pakistani talc and steatite market recorded growth in sales value, which increased by 37% to $X in 2022. Overall, consumption posted a resilient expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Talc And Steatite Production in Pakistan

In value terms, talc and steatite production shrank modestly to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28%. 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 Pakistan

In 2022, exports of talc and steatite from Pakistan declined to X tons, shrinking by -7.3% against the year before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 25%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, talc and steatite exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 33%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for talc and steatite exports from Pakistan, accounting for a 44% share of total exports. Moreover, talc and steatite exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+2.9% per year) and China (+16.1% per year).

In value terms, the United States ($X) remains the key foreign market for talc and steatite exports from Pakistan, comprising 45% of total exports. The second position in the ranking was taken by South Korea ($X), with an 11% share of total exports. It was followed by China, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +2.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+4.2% per year) and China (+15.9% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, falling by -2.4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 14% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Pakistan

In 2022, the amount of talc and steatite imported into Pakistan surged to X tons, rising by 31% against the year before. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2013 with an increase of 767%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports reached $X in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 579%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Afghanistan (X tons) was the main supplier of talc and steatite to Pakistan, with a 97% share of total imports. It was followed by China (X tons), with a 3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Afghanistan amounted to +32.5%.

In value terms, Afghanistan ($X) constituted the largest supplier of talc and steatite to Pakistan, comprising 95% of total imports. The second position in the ranking was held by China ($X), with a 4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Afghanistan totaled +36.6%.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, falling by -20.3% against the previous year. Over the period under review, the import price, however, posted moderate growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 91%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Afghanistan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+3.1%).

Source: IndexBox Platform

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