Spain: Talc And Steatite Market 2024

Talc And Steatite Market Size in Spain

In 2022, the Spanish talc and steatite market increased by 12% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 +59.3% against 2020 indices. Talc and steatite consumption peaked in 2022 and is likely to see gradual growth in years to come.

Talc And Steatite Production in Spain

In value terms, talc and steatite production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 49%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports from Spain

Talc and steatite exports from Spain contracted remarkably to X tons in 2022, which is down by -27.2% compared with the previous year's figure. Overall, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 404%. Over the period under review, the exports reached the maximum 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 contracted dramatically to $X in 2022. In general, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by 343% against the previous year. The exports peaked at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Belgium (X tons), Israel (X tons) and Turkey (X tons) were the main destinations of talc and steatite exports from Spain, with a combined 32% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +187.6%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Brazil ($X) and Turkey ($X) constituted the largest markets for talc and steatite exported from Spain worldwide, together accounting for 31% of total exports. Portugal, China, South Africa, Israel, Saudi Arabia, Morocco, Cote d'Ivoire, Tunisia, Italy and Singapore lagged somewhat behind, together accounting for a further 47%.

Israel, with a CAGR of +183.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, with an increase of 8.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 an increase of 19% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Cote d'Ivoire ($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 Singapore (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Spain

In 2022, imports of talc and steatite into Spain shrank slightly to X tons, falling by -4.2% compared with the year before. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.9% 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 +28.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 34% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, talc and steatite imports rose to $X in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +7.8% 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 +45.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest talc and steatite supplier to Spain, accounting for a 60% share of total imports. Moreover, talc and steatite imports from France exceeded the figures recorded by the second-largest supplier, India (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.7% per year) and China (-0.4% per year).

In value terms, France ($X) constituted the largest supplier of talc and steatite to Spain, comprising 53% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.7% per year) and Italy (+5.2% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, increasing by 8% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15%. The import price peaked in 2022 and is expected to retain 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 the Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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