Latin America and the Caribbean: Steatite Market 2021

Steatite Market Size in Latin America and the Caribbean

In 2019, the Latin American steatite market was finally on the rise to reach $X after three years of decline. The total consumption indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2015 indices. The growth pace was the most rapid in 2010 when the market value increased by X% y-o-y. The level of consumption peaked at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Steatite Production in Latin America and the Caribbean

In value terms, steatite production expanded to $X in 2019 estimated in export prices. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% y-o-y. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.

Production By Country in Latin America and the Caribbean

The country with the largest volume of steatite production was Peru (X tons), accounting for X% of total volume. Moreover, steatite production in Peru exceeded the figures recorded by the second-largest producer, Guatemala (X tons), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume in Peru stood at +X%.

Steatite Exports

Exports in Latin America and the Caribbean

For the fourth consecutive year, LatAmerica and the Caribbean recorded decline in overseas shipments of steatites, which decreased by -X% to X tons in 2019. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

In value terms, steatite exports contracted to $X in 2019. Overall, exports, however, showed measured growth. The pace of growth was the most pronounced in 2012 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) and Peru (X tons) prevails in steatite exports structure, together achieving X% of total exports. The following exporters - Guatemala (X tons) and Colombia (X tons) - each amounted to a X% share of total exports.

From 2007 to 2019, the biggest increases were in Colombia, while shipments for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) remains the largest steatite supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was occupied by Peru ($X), with a X% share of total exports. It was followed by Colombia, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value in Brazil totaled +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+X% per year) and Colombia (+X% per year).

Export Prices by Country

In 2019, the steatite export price in Latin America and the Caribbean amounted to $X per ton, shrinking by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2019, export prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Brazil, while the other leaders experienced more modest paces of growth.

Steatite Imports

Imports in Latin America and the Caribbean

In 2019, approx. X tons of steatites were imported in Latin America and the Caribbean; with a decrease of -X% compared with the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when imports increased by X% y-o-y. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2019, imports failed to regain the momentum.

In value terms, steatite imports declined modestly to $X in 2019. Total imports indicated a prominent expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The level of import peaked at $X in 2015; however, from 2016 to 2019, imports failed to regain the momentum.

Imports by Country

Mexico represented the main importer of steatites in Latin America and the Caribbean, with the volume of imports recording X tons, which was approx. X% of total imports in 2019. Brazil (X tons) held a X% share (based on tons) of total imports, which put it in second place, followed by Chile (X%), Argentina (X%), Colombia (X%) and Ecuador (X%).

From 2007 to 2019, average annual rates of growth with regard to steatite imports into Mexico stood at +X%. At the same time, Brazil (+X%) and Colombia (+X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +X% from 2007-2019. By contrast, Ecuador (-X%), Argentina (-X%) and Chile (-X%) illustrated a downward trend over the same period. Mexico (+X p.p.) and Brazil (+X p.p.) significantly strengthened its position in terms of the total imports, while Ecuador, Argentina and Chile saw its share reduced by -X%, -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported steatites in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was occupied by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, steatite imports expanded at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2019, the steatite import price in Latin America and the Caribbean amounted to $X per ton, almost unchanged from the previous year. Import price indicated a measured expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, steatite import price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. The level of import peaked in 2019 and is likely to see steady growth in the immediate term.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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