South Africa: Talc And Steatite Market 2024

Talc And Steatite Market Size in South Africa

The South African talc and steatite market rose slightly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, saw a prominent expansion. Talc and steatite consumption peaked in 2022 and is expected to retain growth in years to come.

Talc And Steatite Production in South Africa

In value terms, talc and steatite production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Talc and steatite production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Talc And Steatite Exports

Exports from South Africa

Talc and steatite exports from South Africa reduced notably to X tons in 2022, falling by X% compared with the year before. Over the period under review, exports, however, posted a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports contracted to $X in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Zimbabwe (X tons), Zambia (X tons) and Ghana (X tons) were the main destinations of talc and steatite exports from South Africa, together accounting for X% of total exports.

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

In value terms, Zimbabwe ($X), Zambia ($X) and Ghana ($X) constituted the largest markets for talc and steatite exported from South Africa worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Ghana, with a CAGR of X%, 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

In 2022, the average talc and steatite export price amounted to $X per ton, increasing by X% against the previous year. Overall, the export price recorded tangible growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

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

Talc And Steatite Imports

Imports into South Africa

In 2022, approx. X tons of talc and steatite were imported into South Africa; surging by X% on the previous year's figure. Overall, imports posted buoyant growth. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, talc and steatite imports stood at $X in 2022. Over the period under review, total imports indicated a pronounced 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

India (X tons), Zambia (X tons) and France (X tons) were the main suppliers of talc and steatite imports to South Africa, together accounting for X% of total imports.

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

In value terms, India ($X) constituted the largest supplier of talc and steatite to South Africa, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Zambia ($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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