World - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Global Talc Market: Production Rebounds, Consumption Patterns Change
IndexBox has just published a new report: 'World - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Global talc production amounted to 7.6M tonnes in 2021, rising by 2% compared to the previous year. India and China remain the leaders in terms of the mining volume.
Demand from ceramic manufacturers shows a sign of declining. The formulations and production technology of ceramic tile and sanitaryware are changing, and the amount of talc required is reducing. The paint industry follows the same consumption trend: it shifted the focus to producing water-based paints from talk-containing oil-based ones, aiming to reduce volatile emissions. Demand from paper manufacturing also decreases as papermakers in Asia increasingly use talc substitutes. Cosmetics manufacturers tend to replace talk in their products with corn starch. By contrast, talk consumption in expanding rubber and plastic industries robustly increases.
Global Talc Production by Country
The countries with the highest volumes of talc and steatite production in 2021 were India (1.7M tonnes), China (1.4M tonnes) and Brazil (650K tonnes), together accounting for 49% of global production. Turkey, the U.S., Democratic People's Republic of Korea, France, Finland, Canada, Italy, Japan, Russia and Austria lagged somewhat behind, together comprising a further 40%.
Global Talc Exports
In 2021, the amount of talc and steatite exported worldwide totalled 2.6M tonnes, stabilizing at the year before. In value terms, supplies rose rapidly to $889M.
China (839K tonnes) represented the largest exporter of talc and steatite, making up 32% of total volume. It was distantly followed by France (328K tonnes), India (279K tonnes), the Netherlands (267K tonnes), Italy (181K tonnes), Austria (177K tonnes), Afghanistan (126K tonnes) and Belgium (123K tonnes), together mixing up a 57% share of total exports.
In value terms, China ($259M) remains the largest talc and steatite supplier worldwide, comprising 29% of global supplies. The Netherlands ($123M), with a 14% share of total exports, took the second position in the ranking, followed by France, with an 11% share.
Talc Export Prices by Country
In 2021, the average export price for talc and steatite amounted to $341 per tonne, increasing 11% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Belgium ($575 per tonne), while Afghanistan ($112 per tonne) was amongst the lowest. In 2021, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the global talc and steatite 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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