Southern Asia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Southern Asia

The South Asian talc and steatite market expanded significantly to $X in 2022, surging by 7.8% against the previous year. The total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Talc And Steatite Production in Southern Asia

In value terms, talc and steatite production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 47%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Talc And Steatite Exports

Exports in Southern Asia

In 2022, talc and steatite exports in Southern Asia reduced to X tons, waning by -12.4% against 2021. Total exports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 96% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports dropped to $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.9% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 59% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

India (X tons) and Pakistan (X tons) represented roughly 77% of total exports in 2022. It was distantly followed by Afghanistan (X tons), generating a 23% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Afghanistan (with a CAGR of +23.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite supplying countries in Southern Asia were India ($X), Pakistan ($X) and Afghanistan ($X), together accounting for 99.9% of total exports.

In terms of the main exporting countries, Afghanistan, with a CAGR of +30.0%, recorded the highest growth rate of 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

The export price in Southern Asia stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 27%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+5.1%), while the other leaders experienced more modest paces of growth.

Talc And Steatite Imports

Imports in Southern Asia

Talc and steatite imports skyrocketed to X tons in 2022, increasing by 23% on 2021 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 528%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, talc and steatite imports amounted to $X in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 185% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Pakistan prevails in imports structure, reaching X tons, which was near 90% of total imports in 2022. It was distantly followed by Bangladesh (X tons), mixing up a 5.6% share of total imports. The following importers - Nepal (X tons) and India (X tons) - each finished at a 3.1% share of total imports.

Pakistan was also the fastest-growing in terms of the talc and steatite imports, with a CAGR of +31.4% from 2012 to 2022. At the same time, Bangladesh (+10.3%), Nepal (+7.7%) and India (+5.6%) displayed positive paces of growth. While the share of Pakistan (+34 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Nepal (-5.6 p.p.), India (-6.8 p.p.) and Bangladesh (-14.3 p.p.) displayed negative dynamics.

In value terms, Pakistan ($X) constitutes the largest market for imported talc and steatite in Southern Asia, comprising 77% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Bangladesh, with a 6.8% share.

In Pakistan, talc and steatite imports expanded at an average annual rate of +34.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: India (+9.7% per year) and Bangladesh (+5.5% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, shrinking by -15.6% against the previous year. Over the period under review, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of 73%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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