Report Update Nov 1, 2024

Sri Lanka - Talc and Steatite - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Talc And Steatite Market 2024

Talc And Steatite Market Size in Sri Lanka

The Sri Lankan talc and steatite market amounted to $X in 2022, growing by 9.9% 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). The market value increased at an average annual rate of +4.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in years to come.

Talc And Steatite Exports

Exports from Sri Lanka

In 2022, overseas shipments of talc and steatite decreased by -81.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 305% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports reduced notably to $X in 2022. Overall, exports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2020 with an increase of 412% against the previous year. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Maldives (X tons) was the main destination for talc and steatite exports from Sri Lanka, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Maldives amounted to +118.7%.

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

From 2012 to 2022, the average annual rate of growth in terms of value to Maldives amounted to +114.3%.

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, reducing by -39.1% against the previous year. In general, the export price, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 80%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +58.0% per year.

Talc And Steatite Imports

Imports into Sri Lanka

Talc and steatite imports into Sri Lanka fell significantly to X tons in 2022, reducing by -18.5% compared with 2021 figures. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports attained the peak of X tons, and then dropped notably in the following year.

In value terms, talc and steatite imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of talc and steatite to Sri Lanka, accounting for a 74% share of total imports. Moreover, talc and steatite imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by Afghanistan (X tons), with a 5% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.9% per year) and Afghanistan (0.0% per year).

In value terms, India ($X) constituted the largest supplier of talc and steatite to Sri Lanka, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 28% share of total imports. It was followed by Afghanistan, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.5% per year) and Afghanistan (0.0% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, growing by 58% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per ton in 2015; however, from 2016 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 China ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for talc and steatite in the world?

India constituted the country with the largest volume of talc and steatite consumption, accounting for 16% of total volume. Moreover, talc and steatite consumption in India exceeded the figures recorded by the second-largest consumer, China, twofold. Brazil ranked third in terms of total consumption 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, together accounting for 43% 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 Sri Lanka?

In value terms, India constituted the largest supplier of talc and steatite to Sri Lanka, comprising 62% of total imports. The second position in the ranking was occupied by China, with a 28% share of total imports. It was followed by Pakistan, with a 3.4% share.

What are the leading importers of talc and steatite from Sri Lanka?

In value terms, Australia emerged as the key foreign market for talc and steatite exports from Sri Lanka, comprising 59% of total exports. The second position in the ranking was occupied by Singapore, with a 26% share of total exports. It was followed by India, with a 9.2% share.

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

In 2021, the average talc and steatite export price amounted to $581 per ton, rising by 12% against the previous year.

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

The average talc and steatite import price stood at $183 per ton in 2021, shrinking by -2.4% against the previous year.

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

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
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
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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