Middle East: Talc And Steatite Market 2024

Talc And Steatite Market Size in the Middle East

The Middle Eastern talc and steatite market was estimated at $X in 2022, remaining stable against the previous year. Over the period under review, consumption saw strong growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Talc And Steatite Production in the Middle East

In value terms, talc and steatite production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports in the Middle East

For the fourth consecutive year, the Middle East recorded growth in overseas shipments of talc and steatite, which increased by X% to X tons in 2022. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, talc and steatite exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons) and Iran (X tons), together committing a X% share of total exports. The United Arab Emirates (X tons) and Israel (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to talc and steatite exports from Turkey stood at X%. At the same time, Israel (X%), Iran (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Israel (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (X p.p.), Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest talc and steatite supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

In Turkey, talc and steatite exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Talc And Steatite Imports

Imports in the Middle East

In 2022, purchases abroad of talc and steatite increased by X% to X tons, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the main importer of talc and steatite in the Middle East, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%) and Israel (X%). The following importers - Qatar (X tons), Oman (X tons) and Jordan (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Saudi Arabia, Qatar, Oman and Jordan lagged somewhat behind, together accounting for a further X%.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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