India: Talc And Steatite Market 2024

Talc And Steatite Market Size in India

The Indian talc and steatite market expanded modestly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, posted a mild expansion. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Talc And Steatite Production in India

In value terms, talc and steatite production expanded markedly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

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Talc And Steatite Exports

Exports from India

In 2022, the amount of talc and steatite exported from India totaled X tons, surging by X% on 2021. In general, exports posted strong growth. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, talc and steatite exports rose modestly to $X in 2022. Over the period under review, exports posted a resilient increase. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The Netherlands (X tons), Thailand (X tons) and South Korea (X tons) were the main destinations of talc and steatite exports from India, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Indonesia ($X) and South Korea ($X) were the largest markets for talc and steatite exported from India worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, South Korea, with a CAGR of X%, recorded 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

In 2022, the average talc and steatite export price amounted to $X per ton, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Nepal ($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 Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into India

In 2022, approx. X tons of talc and steatite were imported into India; waning by X% against the year before. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, talc and steatite imports surged to $X in 2022. Overall, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Italy (X tons), the United States (X tons) and China (X tons) were the main suppliers of talc and steatite imports to India, with a combined X% share of total imports. Belgium, Spain, Japan, Portugal, France, Slovenia, Nepal and Austria lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the United States ($X) and China ($X) constituted the largest talc and steatite suppliers to India, together comprising X% of total imports. Belgium, Japan, Spain, Portugal, Slovenia, France, Nepal and Austria lagged somewhat behind, together accounting for a further X%.

Spain, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Nepal ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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