South Africa: Talc And Steatite Market 2024

Talc And Steatite Market Size in South Africa

The South African talc and steatite market rose slightly to $X in 2022, picking up by 2.3% against the previous year. Overall, consumption, however, continues to indicate prominent growth. Talc and steatite consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Talc And Steatite Production in South Africa

In value terms, talc and steatite production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 475% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from South Africa

In 2022, the amount of talc and steatite exported from South Africa shrank notably to X tons, waning by -17.7% against the previous year. Over the period under review, exports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2017 when exports increased by 402%. 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 fell to $X in 2022. Overall, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 338%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Ghana (X tons) were the main destinations of talc and steatite exports from South Africa, with a combined 73% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ghana (with a CAGR of +24.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for talc and steatite exported from South Africa were Zimbabwe ($X), Zambia ($X) and Ghana ($X), with a combined 74% share of total exports.

In terms of the main countries of destination, Ghana, with a CAGR of +28.3%, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, rising by 15% against the previous year. Overall, the export price recorded measured growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 175%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to China ($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 India (+54.3%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into South Africa

In 2022, talc and steatite imports into South Africa expanded to X tons, picking up by 4.9% compared with the year before. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

In value terms, talc and steatite imports rose significantly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 59%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X tons), Zambia (X tons) and France (X tons) were the main suppliers of talc and steatite imports to South Africa, with a combined 82% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of talc and steatite to South Africa, comprising 46% of total imports. The second position in the ranking was held by France ($X), with a 21% share of total imports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+7.6% per year) and Italy (+2.1% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Zambia ($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 (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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