Russian Federation: Talc And Steatite Market 2024

Talc And Steatite Market Size in the Russian Federation

The Russian talc and steatite market contracted to $X in 2022, waning by -7.8% against the previous year. Overall, the total consumption indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.0% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in the Russian Federation

In value terms, talc and steatite production contracted to $X in 2022 estimated in export price. In general, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +10.4% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by 24% against the previous year. Talc and steatite production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from the Russian Federation

In 2022, the amount of talc and steatite exported from Russia reduced to X tons, which is down by -6.8% on the year before. Over the period under review, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. 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 skyrocketed to $X in 2022. Overall, exports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 35% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Belarus (X tons) was the main destination for talc and steatite exports from Russia, accounting for a 91% share of total exports. Moreover, talc and steatite exports to Belarus exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold. Estonia (X tons) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belarus totaled +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-20.7% per year) and Estonia (+140.3% per year).

In value terms, Belarus ($X) remains the key foreign market for talc and steatite exports from Russia, comprising 94% of total exports. The second position in the ranking was held by Ukraine ($X), with a 2.7% share of total exports. It was followed by Estonia, with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-24.3% per year) and Estonia (+100.0% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, rising by 27% against the previous year. Overall, the export price, however, continues to indicate a pronounced setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Estonia ($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 Lithuania (+0.6%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into the Russian Federation

In 2022, approx. X tons of talc and steatite were imported into Russia; which is down by -9.2% against the year before. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 122%. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, talc and steatite imports declined to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 128%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of talc and steatite to Russia, with a 53% share of total imports. Moreover, talc and steatite imports from Finland exceeded the figures recorded by the second-largest supplier, Austria (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland amounted to +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+31.5% per year) and Turkey (+24.9% per year).

In value terms, Finland ($X), Austria ($X) and Italy ($X) appeared to be the largest talc and steatite suppliers to Russia, with a combined 69% share of total imports.

Austria, with a CAGR of +27.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, shrinking by -1.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The growth pace was the most rapid in 2013 when the average import price increased by 32%. The import price peaked at $X per ton in 2021, and then reduced modestly 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 Italy ($X per ton), while the price for Turkey ($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 (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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