U.S.: Talc And Steatite Market 2024

Talc And Steatite Market Size in the U.S.

The U.S. talc and steatite market surged to $X in 2022, growing by 16% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +33.6% against 2020 indices. Talc and steatite consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in the U.S.

In value terms, talc and steatite production dropped to $X in 2022. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.1% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 90%. Talc and steatite production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from the U.S.

Talc and steatite exports from the United States fell markedly to X tons in 2022, with a decrease of -18.2% on 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 33%. 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 to $X in 2022. Overall, exports, however, recorded prominent growth. The growth pace was the most rapid in 2017 with an increase of 47%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Mexico (X tons) was the main destination for talc and steatite exports from the United States, accounting for a 38% share of total exports. Moreover, talc and steatite exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was held by Belgium (X tons), with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-6.4% per year) and Belgium (+12.5% per year).

In value terms, Mexico ($X) remains the key foreign market for talc and steatite exports from the United States, comprising 31% of total exports. The second position in the ranking was held by Belgium ($X), with a 13% share of total exports. It was followed by Canada, with a 13% share.

From 2012 to 2022, the average annual growth rate of value to Mexico totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+19.6% per year) and Canada (+2.4% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, rising by 15% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +8.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talc and steatite export price increased by +26.9% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 48%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Canada ($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 Indonesia (+14.0%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into the U.S.

In 2022, supplies from abroad of talc and steatite increased by 24% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 48%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, talc and steatite imports expanded rapidly to $X in 2022. Overall, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.8% 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 +67.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 48% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Pakistan (X tons) constituted the largest supplier of talc and steatite to the United States, accounting for a 65% share of total imports. Moreover, talc and steatite imports from Pakistan exceeded the figures recorded by the second-largest supplier, Canada (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Pakistan totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-1.8% per year) and China (-9.3% per year).

In value terms, the largest talc and steatite suppliers to the United States were Pakistan ($X), Canada ($X) and China ($X), with a combined 83% share of total imports. The Netherlands, France, India, Australia and Hong Kong SAR lagged somewhat behind, together accounting for a further 13%.

India, with a CAGR of +22.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, falling by -8.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2016 an increase of 25%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Hong Kong SAR ($X per ton), while the price for Australia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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