Southern Asia: Steatite Market 2021

Steatite Market Size in Southern Asia

The South Asian steatite market contracted to $X in 2019, reducing by -X% against the previous year. Overall, consumption saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when the market value increased by X% against the previous year. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2019, consumption remained at a lower figure.

Steatite Production in Southern Asia

In value terms, steatite production totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. The level of production peaked in 2019 and is likely to see gradual growth in the near future.

Production By Country in Southern Asia

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

In Afghanistan, steatite production increased at an average annual rate of +X% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+X% per year) and Pakistan (+X% per year).

Steatite Exports

Exports in Southern Asia

In 2019, shipments abroad of steatites was finally on the rise to reach X tons for the first time since 2016, thus ending a two-year declining trend. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; afterwards, it flattened through to 2019.

In value terms, steatite exports surged to $X in 2019. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2010 when exports increased by X% year-to-year. The level of export peaked in 2019 and is likely to continue growth in years to come.

Exports by Country

In 2019, Afghanistan (X tons) and Pakistan (X tons) were the largest exporters of steatites in Southern Asia, together creating X% of total exports. It was distantly followed by India (X tons), making up a X% share of total exports.

From 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Afghanistan, while exports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), India ($X) and Afghanistan ($X) appeared to be the countries with the highest levels of exports in 2019, with a combined X% share of total exports.

Among the main exporting countries, Afghanistan saw the highest growth rate of 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 2019, the steatite export price in Southern Asia amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2007; however, from 2008 to 2019, export prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Afghanistan, while the other leaders experienced mixed trends in the export price figures.

Steatite Imports

Imports in Southern Asia

In 2019, overseas purchases of steatites were finally on the rise to reach X tons after two years of decline. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2019, imports failed to regain the momentum.

In value terms, steatite imports soared to $X in 2019. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in the near future.

Imports by Country

Pakistan dominates steatite imports structure, resulting at X tons, which was approx. X% of total imports in 2019. It was distantly followed by Bangladesh (X tons), mixing up a X% share of total imports.

From 2007 to 2019, average annual rates of growth with regard to steatite imports into Pakistan stood at +X%. At the same time, Bangladesh (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +X% from 2007-2019. While the share of Pakistan (+X p.p.) and Bangladesh (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Pakistan ($X) constitutes the largest market for imported steatites in Southern Asia, comprising X% of total imports. The second position in the ranking was occupied by Bangladesh ($X), with a X% share of total imports.

In Pakistan, steatite imports expanded at an average annual rate of +X% over the period from 2007-2019.

Import Prices by Country

The steatite import price in Southern Asia stood at $X per ton in 2019, approximately mirroring the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of X% y-o-y. The level of import peaked at $X per ton in 2007; however, from 2008 to 2019, import prices failed to regain the momentum.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Pakistan.

Source: IndexBox Platform

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