China: Steatite Market 2021

Steatite Market Size in China

After two years of growth, the Chinese steatite market decreased by -X% to $X in 2019. Overall, consumption, however, showed a significant increase. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Over the period under review, the market attained the maximum level at $X in 2009; however, from 2010 to 2019, consumption failed to regain the momentum.

Steatite Production in China

In value terms, steatite production fell modestly to $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Steatite production peaked at $X in 2018, and then dropped in the following year.

Steatite Exports

Exports from China

In 2019, shipments abroad of steatites was finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, exports reached the peak figure at X tons in 2007; however, from 2008 to 2019, exports stood at a somewhat lower figure.

In value terms, steatite exports expanded notably to $X in 2019. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2012; however, from 2013 to 2019, exports remained at a lower figure.

Exports by Country

Japan (X tons), South Korea (X tons) and Thailand (X tons) were the main destinations of steatite exports from China, with a combined X% share of total exports. These countries were followed by Indonesia, Taiwan (Chinese), the U.S., Malaysia, the Philippines and Vietnam, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines, while exports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for steatite exports from China, comprising X% of total exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and South Korea (+X% per year).

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, therefore, remained relatively stable against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 an increase of X% year-to-year. Over the period under review, average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2019, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Vietnam ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into China

In 2019, overseas purchases of steatites increased by X% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2017 when imports increased by X% y-o-y. Imports peaked in 2019 and are likely to see steady growth in years to come.

In value terms, steatite imports totaled $X in 2019. Overall, imports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked in 2019 and are expected to retain growth in the immediate term.

Imports by Country

In 2019, Pakistan (X tons) constituted the largest steatite supplier to China, accounting for a X% share of total imports. Moreover, steatite imports from Pakistan exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The U.S. (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Pakistan stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and the U.S. (+X% per year).

In value terms, Pakistan ($X), the Netherlands ($X) and the U.S. ($X) were the largest steatite suppliers to China, together comprising X% of total imports. France, South Korea, Austria and Afghanistan lagged somewhat behind, together comprising a further X (+X% per year) recorded 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 2019, the average steatite import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was France ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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