Saudi Arabia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Saudi Arabia

The Saudi talc and steatite market reduced to $X in 2022, dropping by X% against the previous year. Overall, consumption, however, posted a strong expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Talc And Steatite Production in Saudi Arabia

In value terms, talc and steatite production declined to $X in 2022 estimated in export price. Overall, production posted a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Talc And Steatite Exports

Exports from Saudi Arabia

In 2022, exports of talc and steatite from Saudi Arabia contracted rapidly to X tons, waning by X% against the previous year. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, talc and steatite exports reduced to $X in 2022. Overall, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kuwait (X tons) was the main destination for talc and steatite exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, talc and steatite exports to Kuwait exceeded the volume sent to the second major destination, Bahrain (X tons), more than tenfold. Jamaica (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jamaica (X% per year).

In value terms, Kuwait ($X) remains the key foreign market for talc and steatite exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Jamaica, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Jamaica (X% per year).

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, export price indicated temperate growth 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. Based on 2022 figures, talc and steatite export price increased by X% against 2020 indices. The growth pace was the most rapid in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Jamaica ($X per ton) and Kuwait ($X per ton), while the average price for exports to Bahrain ($X per ton) and Oman ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Saudi Arabia

After two years of growth, overseas purchases of talc and steatite decreased by X% to X tons in 2022. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports reduced to $X in 2022. Over the period under review, total imports indicated a mild expansion 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Pakistan (X tons), France (X tons) and India (X tons) were the main suppliers of talc and steatite imports to Saudi Arabia, together accounting for X% of total imports.

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

In value terms, the largest talc and steatite suppliers to Saudi Arabia were France ($X), Pakistan ($X) and India ($X), with a combined X% share of total imports.

France, with a CAGR of X%, saw 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 2022, the average talc and steatite import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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