United Kingdom: Talc And Steatite Market 2024

Talc And Steatite Market Size in the UK

The UK talc and steatite market was finally on the rise to reach $X in 2022, after seven years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Talc And Steatite Production in the UK

In value terms, talc and steatite production soared to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 88% against the previous year. Talc and steatite production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from the UK

In 2022, shipments abroad of talc and steatite decreased by -39% to X tons, falling for the sixth year in a row after two years of growth. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 59%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports contracted dramatically to $X in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for talc and steatite exports from the UK, accounting for a 33% share of total exports. Moreover, talc and steatite exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Ireland (X tons), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled -1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.9% per year) and Ireland (-2.4% per year).

In value terms, Ireland ($X), Italy ($X) and Hong Kong SAR ($X) constituted the largest markets for talc and steatite exported from the UK worldwide, together accounting for 47% of total exports.

Hong Kong SAR, with a CAGR of +31.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, picking up by 13% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 55%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Albania ($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 Netherlands (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into the UK

After two years of decline, purchases abroad of talc and steatite increased by 50% to X tons in 2022. In general, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports soared to $X in 2022. Overall, imports, however, continue to indicate a slight curtailment. The growth pace was the most rapid in 2014 when imports increased by 35% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of talc and steatite imports to the UK, together accounting for 78% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +4.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite suppliers to the UK were France ($X), the Netherlands ($X) and Italy ($X), together comprising 65% of total imports. China, Finland, Belgium, India and Austria lagged somewhat behind, together accounting for a further 33%.

India, with a CAGR of +6.4%, saw the highest rates of growth with regard to the value of imports, among 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 -15.7% against the previous year. In general, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2021 an increase of 21% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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