Peru: Talc And Steatite Market 2024

Talc And Steatite Market Size in Peru

The Peruvian talc and steatite market rose slightly to $X in 2022, picking up by 3.4% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Talc and steatite consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in Peru

In value terms, talc and steatite production declined slightly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 45%. Talc and steatite production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from Peru

In 2022, approx. X tons of talc and steatite were exported from Peru; which is down by -15.1% compared with the previous year's figure. Overall, exports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2021 when exports increased by 43% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, talc and steatite exports reduced notably to $X in 2022. In general, exports saw a perceptible descent. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Chile (X tons) and Colombia (X tons) were the main destinations of talc and steatite exports from Peru, together accounting for 89% of total exports. Venezuela and Bolivia lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +5.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for talc and steatite exported from Peru were Ecuador ($X), Chile ($X) and Venezuela ($X), with a combined 88% share of total exports.

Among the main countries of destination, Venezuela, with a CAGR of +4.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 3.5% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bolivia ($X per ton) and Ecuador ($X per ton), while the average price for exports to Chile ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bolivia (+1.2%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into Peru

In 2022, the amount of talc and steatite imported into Peru dropped sharply to X tons, reducing by -22.4% compared with 2021 figures. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports reduced notably to $X in 2022. In general, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of talc and steatite to Peru, with a 66% share of total imports. Moreover, talc and steatite imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.4% per year) and the United States (-5.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of talc and steatite to Peru, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by China, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil stood at -3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.2% per year) and China (+6.1% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, flattening at the previous year. Over the last decade, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2015 an increase of 36% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :