Report Update Nov 1, 2024

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

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Philippines: Talc And Steatite Market 2024

Talc And Steatite Market Size in the Philippines

The Philippine talc and steatite market contracted notably to $X in 2022, declining by -28.8% 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). Overall, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from the Philippines

In 2022, overseas shipments of talc and steatite were finally on the rise to reach X tons after two years of decline. Overall, exports, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2016 when exports increased by 480% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, talc and steatite exports contracted sharply to $X in 2022. Over the period under review, exports, however, faced a precipitous decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 397%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India (X tons) was the main destination for talc and steatite exports from the Philippines, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to India stood at -2.7%.

In value terms, India ($X) emerged as the key foreign market for talc and steatite exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to India amounted to -7.1%.

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, which is down by -62.5% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2014 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to -0.9% per year.

Talc And Steatite Imports

Imports into the Philippines

Talc and steatite imports into the Philippines dropped rapidly to X tons in 2022, shrinking by -34.9% on 2021. Overall, imports saw a noticeable decline. The most prominent rate of growth was recorded in 2016 when imports increased by 45%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, talc and steatite imports shrank markedly to $X in 2022. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main talc and steatite supplier to the Philippines, accounting for a 94% share of total imports. Moreover, talc and steatite imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.1% per year) and India (-18.6% per year).

In value terms, China ($X) constituted the largest supplier of talc and steatite to the Philippines, comprising 77% of total imports. The second position in the ranking was taken by the United States ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.7% per year) and India (-22.4% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, with an increase of 13% against the previous year. Over the period under review, the import price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), 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, accounting for 16% of total volume. Moreover, talc and steatite consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by Brazil, 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. These countries were followed by Turkey, the United States, Democratic People's Republic of Korea, France, Pakistan, Finland, Canada, Afghanistan, Italy and Japan, which together accounted for a further 38%.

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

In value terms, China constituted the largest supplier of talc and steatite to the Philippines, comprising 73% of total imports. The second position in the ranking was occupied by the United States, with a 16% share of total imports.

What are the leading importers of talc and steatite from the Philippines?

In value terms, Vietnam $868) remains the key foreign market for talc and steatite exports from the Philippines.

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

The average talc and steatite export price stood at $135 per ton in 2021, reducing by -54.9% against the previous year.

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

In 2021, the average talc and steatite import price amounted to $168 per ton, rising by 9.3% against the previous year.

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

Philippines

Data coverage:

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

Reasons to buy this report:

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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
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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