Sweden: Talc And Steatite Market 2024

Talc And Steatite Market Size in Sweden

In 2022, after three years of growth, there was significant decline in the Swedish talc and steatite market, when its value decreased by -5.6% to $X. Overall, consumption, however, continues to indicate a prominent increase. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Talc And Steatite Production in Sweden

In value terms, talc and steatite production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild reduction. The growth pace was the most rapid in 2016 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from Sweden

In 2022, exports of talc and steatite from Sweden contracted to X tons, shrinking by -7.3% on 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 37%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, talc and steatite exports shrank to $X in 2022. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 73%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for talc and steatite exports from Sweden, accounting for a 59% share of total exports. Moreover, talc and steatite exports to Norway exceeded the volume sent to the second major destination, Denmark (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway totaled -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+48.9% per year) and the UK (+92.5% per year).

In value terms, Norway ($X), the UK ($X) and Denmark ($X) were the largest markets for talc and steatite exported from Sweden worldwide, together comprising 97% of total exports.

The UK, with a CAGR of +116.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 63% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Norway ($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 the UK (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Talc And Steatite Imports

Imports into Sweden

After four years of growth, purchases abroad of talc and steatite decreased by -21% to X tons in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by +34.4% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. As a result, imports attained the peak of X tons, and then shrank sharply in the following year.

In value terms, talc and steatite imports declined modestly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +106.9% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest talc and steatite supplier to Sweden, accounting for a 68% share of total imports. Moreover, talc and steatite imports from Finland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold. China (X tons) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Finland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+25.8% per year) and China (+9.6% per year).

In value terms, Finland ($X) constituted the largest supplier of talc and steatite to Sweden, comprising 58% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+23.0% per year) and China (+17.7% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, jumping by 21% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 22% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Belgium ($X per ton), while the price for Finland ($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 (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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