Turkey: Talc And Steatite Market 2024

Talc And Steatite Market Size in Turkey

The Turkish talc and steatite market rose to $X in 2022, increasing by 2.1% against the previous year. In general, consumption posted resilient growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in Turkey

In value terms, talc and steatite production reached $X in 2022 estimated in export price. In general, production, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 101%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from Turkey

In 2022, talc and steatite exports from Turkey skyrocketed to X tons, increasing by 54% on 2021 figures. In general, exports continue to indicate prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, talc and steatite exports soared to $X in 2022. Overall, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), Russia (X tons) and Israel (X tons) were the main destinations of talc and steatite exports from Turkey, together accounting for 70% 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 Italy (with a CAGR of +407.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for talc and steatite exports from Turkey, comprising 40% of total exports. The second position in the ranking was held by Russia ($X), with a 17% share of total exports. It was followed by Israel, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Italy stood at +371.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+23.0% per year) and Israel (+309.8% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, picking up by 36% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Greece ($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 Israel (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Turkey

In 2022, approx. X tons of talc and steatite were imported into Turkey; jumping by 50% on the previous year's figure. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +56.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, talc and steatite imports surged to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +75.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Afghanistan (X tons) constituted the largest talc and steatite supplier to Turkey, accounting for a 52% share of total imports. Moreover, talc and steatite imports from Afghanistan exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Afghanistan totaled +210.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+3.7% per year) and Italy (+6.1% per year).

In value terms, Afghanistan ($X) constituted the largest supplier of talc and steatite to Turkey, comprising 36% of total imports. The second position in the ranking was held by Finland ($X), with a 15% share of total imports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Afghanistan amounted to +235.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+4.6% per year) and France (+15.5% per year).

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, falling by -5.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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 China ($X per ton), while the price for Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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