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World - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: Jul 18, 2018

Global Talc Market - China, Brazil, the U.S. and India Remain the Major Consumers

IndexBox has just published a new report "World: Talc And Steatite - Market Report. Analysis And Forecast To 2025". Here is a summary of the report’s key findings.

Talc and Steatite Consumption Was Increasing for Two Years in a Row

In 2016, the global talc and steatite market totalled 7.3M tonnes, growing over the last two years. Previously, the market volume markedly fluctuated in certain years, but as a result, the total market volume exceeded the initial level only by 2%. According to IndexBox estimates, the market stood at $2.0B in wholesale prices in 2016, contracting mildly from the highest point of 2013. Prior to this, the market has grown significantly over three years after a slight contraction in 2009-2010 under the influence of changes in world prices for talc.

China, Brazil, the U.S. and India Were the Major Consumers of Talc and Steatite

The countries with the highest consumption were China (19% of total consmption), Brazil (12%), the U.S. (11%), India (8%), Germany (4%), Japan (3%), France, Russia, Mexico, Canada, Korea and Thailand (2%, each), with the remaining consuming leaders together comprising near 30% of global consumption. 

The highest annual growth rates of talc and steatite consumption from 2007 to 2016 were recorded in Brazil, with +9.0% growth. Consequently, Brazil strengthened its share in terms of the global consumption from 6% in 2007 to 12% in 2016. China, given the CAGR of consumption at +4.1% per year, also improved its positions in the market structure by +5 percentage points. By contrast, the shares of Finland (-3 percentage points) and India (-4 percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Brazil (4.1 kg/year in 2016), Canada (4.0 kg/year), and Germany (3.4 kg/year), which were significantly higher than the world average of 1.0 kg/year. In Brazil and Canada, per capita consumption grew rapidly, while in Germany it reduced from 2007-2016. 

A Modest Growth Is Expected with regard to Talc and Steatite Consumption, Driven by Construction and Manufacturing Growth in Developing Countries

Manufacturing sectors that consume talc include motor vehicles, paints and coatings, adhesives, plastics, rubber; construction materials manufacturing also constitutes a major talc-consuming industry. Therefore, the expansion of the construction sector, along with the growth of the automotive industry in the U.S. and the rapidly developing countries of Asia, are the key factors affecting the world market of talc and steatite. In addition, Asia is expected to remain the fastest-growing region in the global market of talc and steatite, due to the active processes of urbanisation, including demand for construction sector and construction materials, and an increase in the population's standard of living. The U.S. is also an important market, with a steady expansion in construction, combined with the stable levels of employment and the rising industrial manufacturing, which leads to an increasing demand for talc and related products.

In general, the current upward trend of the global talc and steatite market is expected to continue with a growth of +0.5% annually, which is anticipated to drive the market volume to 7.7M tonnes by 2025.

China Remained the Largest Producer of Talc and Steatite

Production of talc and steatite reached the highest level of 7.3M tonnes in 2016, experiencing some notable fluctuations over the analysed period. 

China was the key world talc and steatite producing country with an output of about 2.2M tonnes in 2016, which accounted for 30% of total global output. The other major producers were Brazil (12%), India (11%), the U.S. (9%), France (6%), Finland (4%), Italy, Russia, Canada, and Austria (2%, each). 

In Brazil and Canada, production levels increased by +8.7% and by +5.9% annually from 2007 to 2016. Most of the other major producing countries showed more modest or negative paces of growth.

Approx. 44% of Total Production Was Dedicated to Exports

Talc and steatite is a widely traded commodity, with the share of exports in total global output being about 44% over the period under review. High trade intensity is determined mainly by the substantial distances between the main countries of talc and steatite manufacturing and key consuming countries. Talc and steatite will continue to be highly traded, fueled by increasing consumption, growth of construction industry, trade liberalisation policies, intense global and regional integration. 

China Remains the Major Global Exporter of Talc and Steatite

In 2016, the volume of global exports totalled 3.2M tonnes in 2016, with a mixed trend pattern over the last few years. A pronounced growth of 2016 by 13%, was followed by somewhat noticeable fluctuations over the previous four years.

China (26% of total exports) was the main global supplier of talc and steatite. France took the second position in the ranking with 9%, followed by Afghanistan (9%), Finland (8%), Pakistan (8%), the U.S. (7%) and India (6%). While most of the talk imported by the U.S. and other countries comes from Pakistan, a large portion of these shipments is made of talc mined in Afghanistan. 

The remaining global exporters held 27% of total exports. From 2007 to 2016, Pakistan (+47.3% per year) and Afghanistan (+43.6% per year) were the fastest growing suppliers among the major exporters. However, since shipments from Afghanistan are not reflected in the official statistics of this country, they are estimated using mirror data from Pakistan. Presumably, these volumes are then re-exported from Pakistan, possibly, partially or completely processed. This explains very similar growth rate in shipments from these two countries.

Despite being one of the largest global producers of talc and steatite, Brazil did not export much of their production, meaning that it was consumed domestically. Afghanistan (+8 percentage points), Pakistan (+8 percentage points) and India (+4 percentage points) increased their shares in total export structure, while China saw its share reduced from 35% in 2007 to 26% in 2016.

The U.S., Germany and Pakistan Held 30% of Global Talc and Steatite Imports

The volume of global imports totalled 3.2M tonnes or $945M in 2016. Imports trend pattern generally mirrored that of exports: these trade flows globally complement each other. 

In 2016, the U.S. (12% of total imports), Germany (9%), Pakistan (9%), Japan (7%) and the Netherlands (7%), Belgium (5%) and Korea (5%) constituted the leading destinations of talc and steatite imports, with the other leading importers together comprising 47% of global imports. Amongst the major importing countries Pakistan (+43.6% per year) gained the highest annual growth rates from 2007 to 2016. The growth in imports into Pakistan could be explained by growth in shipments from neighbouring Afghanistan, which are then re-exported to other countries.

While the share of Pakistan (+8 percentage points) and the U.S. (+4 percentage points) increased from 2007 to 2016, the share of Germany (-3 percentage points), Belgium (-2 percentage points) and Japan (-2 percentage points) illustrated a slight contraction. The shares of the other countries remained relatively stable throughout the analysed period. 

Do you want to know more about the global talc market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • talc market share
  • talc prices
  • talc industry
  • talc sales
  • talc import
  • talc export
  • talc market forecast
  • talc price forecast
  • key talc producers

Source: IndexBox AI Platform

Product coverage:
• Prodcom 08992900 - Other minerals

This report provides an in-depth analysis of the global talc market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
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