Venezuela: Talc And Steatite Market 2024

Talc And Steatite Market Size in Venezuela

In 2022, the Venezuelan talc and steatite market decreased by -33% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt contraction. Talc and steatite consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Talc And Steatite Exports

Exports from Venezuela

In 2022, shipments abroad of talc and steatite increased by 3.2% to X tons for the first time since 2013, thus ending a eight-year declining trend. In general, exports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 80% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, talc and steatite exports amounted to $X in 2022. Over the period under review, exports, however, saw a sharp curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 39% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ecuador (X tons) was the main destination for talc and steatite exports from Venezuela, accounting for a 83% share of total exports. Moreover, talc and steatite exports to Ecuador exceeded the volume sent to the second major destination, Bolivia (X kg), sixfold. The third position in this ranking was taken by Colombia (X kg), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-5.9% per year) and Colombia (-39.6% per year).

In value terms, Ecuador ($X) remains the key foreign market for talc and steatite exports from Venezuela, comprising 88% of total exports. The second position in the ranking was taken by Bolivia ($X), with an 8.8% share of total exports. It was followed by Colombia, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (-21.8% per year) and Colombia (-48.0% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, picking up by 5.9% against the previous year. Overall, the export price, however, showed a deep downturn. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to the Dominican Republic ($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 Ecuador (-11.9%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into Venezuela

After two years of growth, overseas purchases of talc and steatite decreased by -34.5% to X tons in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 150% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, talc and steatite imports dropped markedly to $X in 2022. Overall, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 174%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Peru (X tons) constituted the largest supplier of talc and steatite to Venezuela, accounting for a 39% share of total imports. Moreover, talc and steatite imports from Peru exceeded the figures recorded by the second-largest supplier, Mexico (X tons), twofold. The third position in this ranking was taken by Pakistan (X tons), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Peru amounted to -17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-11.5% per year) and Pakistan (-22.0% per year).

In value terms, the largest talc and steatite suppliers to Venezuela were Peru ($X), Mexico ($X) and the United States ($X), with a combined 61% share of total imports. Pakistan, Brazil, Egypt, China, Colombia and India lagged somewhat behind, together comprising a further 33%.

Brazil, with a CAGR of +27.0%, 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 a decline.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2022, with an increase of 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a mild curtailment. The growth pace was the most rapid in 2018 when the average import price increased by 27%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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