United Arab Emirates: Talc And Steatite Market 2024

Talc And Steatite Market Size in the United Arab Emirates

The talc and steatite market in the United Arab Emirates reached $X in 2022, stabilizing at 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). Overall, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Talc And Steatite Exports

Exports from the United Arab Emirates

Talc and steatite exports from the United Arab Emirates contracted significantly to X tons in 2022, dropping by -30.8% on the previous year's figure. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 127%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, talc and steatite exports soared to $X in 2022. Overall, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 when exports increased by 273% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X tons) was the main destination for talc and steatite exports from the United Arab Emirates, accounting for a 36% share of total exports. Moreover, talc and steatite exports to Singapore exceeded the volume sent to the second major destination, Georgia (X tons), twofold. Canada (X tons) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore amounted to +50.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (0.0% per year) and Canada (-9.5% per year).

In value terms, Singapore ($X) emerged as the key foreign market for talc and steatite exports from the United Arab Emirates, comprising 46% of total exports. The second position in the ranking was held by India ($X), with a 4% share of total exports. It was followed by Canada, with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+13.9% per year) and Canada (+12.3% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, jumping by 84% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2014 an increase of 112%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Georgia ($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 Canada (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of talc and steatite were imported into the United Arab Emirates; increasing by 3.3% against 2021 figures. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.5% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 31% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, talc and steatite imports dropped to $X in 2022. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2019 when imports increased by 72% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of talc and steatite to the United Arab Emirates, with a 52% share of total imports. Moreover, talc and steatite imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.9% per year) and Spain (+35.7% per year).

In value terms, the largest talc and steatite suppliers to the United Arab Emirates were Italy ($X), India ($X) and Spain ($X), together accounting for 59% of total imports.

Among the main suppliers, Spain, with a CAGR of +41.4%, saw the highest growth rate of the value of imports, 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, waning by -3.3% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% 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 import price decreased by -4.0% against 2020 indices. The growth pace was the most rapid in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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