Thailand: Talc And Steatite Market 2024

Talc And Steatite Market Size in Thailand

The Thai talc and steatite market shrank slightly to $X in 2022, waning by -4.1% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in Thailand

In value terms, talc and steatite production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by 280% against the previous year. Talc and steatite production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from Thailand

In 2022, exports of talc and steatite from Thailand shrank markedly to X tons, which is down by -17.3% compared with 2021 figures. Overall, exports saw a deep downturn. The growth pace was the most rapid in 2017 with an increase of 65% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports fell markedly to $X in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 65%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons), Colombia (X tons) and Myanmar (X tons) were the main destinations of talc and steatite exports from Thailand, together comprising 73% of total exports. Vietnam, the United States, Malaysia, China, Lao People's Democratic Republic, Indonesia and Japan lagged somewhat behind, together comprising a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +84.1%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for talc and steatite exports from Thailand, comprising 49% of total exports. The second position in the ranking was held by Colombia ($X), with a 21% share of total exports. It was followed by Vietnam, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+41.9% per year) and Vietnam (+9.7% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, reducing by -4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 when the average export price increased by 22%. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Lao People's Democratic Republic ($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 Japan (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Thailand

In 2022, imports of talc and steatite into Thailand dropped to X tons, which is down by -6.3% on 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, talc and steatite imports dropped modestly to $X in 2022. In general, imports continue to indicate a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of talc and steatite to Thailand, accounting for a 60% share of total imports. Moreover, talc and steatite imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+6.4% per year) and South Korea (+21.4% per year).

In value terms, China ($X) constituted the largest supplier of talc and steatite to Thailand, comprising 63% of total imports. The second position in the ranking was taken by India ($X), with an 18% share of total imports. It was followed by South Korea, with a 7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+7.5% per year) and South Korea (+14.9% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, with an increase of 1.8% against the previous year. Over the period under review, the import price, however, saw a slight descent. The pace of growth appeared the most rapid in 2021 an increase of 10% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 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 South Korea ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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