India: Steatite Market 2021

Steatite Market Size in India

The Indian steatite market totaled $X in 2019, growing by X% against the previous year. Overall, consumption, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the market value increased by X% year-to-year. Steatite consumption peaked at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Steatite Production in India

In value terms, steatite production dropped modestly to $X in 2019 estimated in export prices. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2011 to 2019, production growth failed to regain the momentum.

Steatite Exports

Exports from India

In 2019, the amount of steatites exported from India stood at X tons, approximately equating the year before. In general, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Exports peaked in 2019 and are likely to see steady growth in the immediate term.

In value terms, steatite exports contracted modestly to $X in 2019. Overall, exports posted a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Exports peaked at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons), South Korea (X tons) and Bangladesh (X tons) were the main destinations of steatite exports from India, together accounting for X% of total exports. The United Arab Emirates, Indonesia, the Netherlands, Slovenia, Nigeria, South Africa, Spain, the U.S., Austria and Tanzania lagged somewhat behind, together comprising 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 Slovenia (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), South Korea ($X) and the United Arab Emirates ($X) appeared to be the largest markets for steatite exported from India worldwide, together accounting for X% of total exports. These countries were followed by Indonesia, Slovenia, Bangladesh, the Netherlands, Spain, the U.S., South Africa, Nigeria, Austria and Tanzania, which together accounted for a further X terms of the main countries of destination, Slovenia (+X% per year) saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average steatite export price stood at $X per ton in 2019, falling by -X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. As a result, export price reached the peak level of $X per ton. From 2015 to 2019, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Indonesia ($X per ton), while the average price for exports to Tanzania ($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 Slovenia, while the prices for the other major destinations experienced more modest paces of growth.

Steatite Imports

Imports into India

After five years of growth, overseas purchases of steatites decreased by -X% to X tons in 2019. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at X tons in 2018, and then shrank in the following year.

In value terms, steatite imports stood at $X in 2019. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure in 2019 and are expected to retain growth in the near future.

Imports by Country

Italy (X tons), Nepal (X tons) and the U.S. (X tons) were the main suppliers of steatite imports to India, together comprising X% of total imports. China, Belgium, Afghanistan and France lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Afghanistan (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the U.S. ($X), Italy ($X) and Belgium ($X) constituted the largest steatite suppliers to India, together accounting for X% of total imports. China, France, Nepal and Afghanistan lagged somewhat behind, together comprising a further X the main suppliers, Afghanistan (+X% per year) saw the highest growth rate of the value of imports, 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, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% against the previous 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 remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the U.S. ($X per ton), while the price for Nepal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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