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Republic of Korea - Talc And Steatite - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTalc and Steatite Price in South Korea - 2022
Contents:
- Talc and Steatite Price in South Korea (CIF) - 2022
- Talc and Steatite Price in South Korea (FOB) - 2022
- Talc and Steatite Imports in South Korea
- Talc and Steatite Exports in South Korea
Talc and Steatite Price in South Korea (CIF) - 2022
In December 2022, the average talc and steatite import price amounted to $183 per ton, with a decrease of -19.5% against the previous month. Overall, the import price recorded a mild downturn. The most prominent rate of growth was recorded in November 2022 an increase of 29% month-to-month. Over the period under review, average import prices hit record highs at $254 per ton in May 2022; however, from June 2022 to December 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2022, the country with the highest price was China ($181 per ton), while the price for India ($129 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.
Talc and Steatite Price in South Korea (FOB) - 2022
The average talc and steatite export price stood at $505 per ton in December 2022, rising by 5.6% against the previous month. Over the period under review, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in November 2022 an increase of 9.9% month-to-month. The export price peaked at $580 per ton in December 2021; however, from January 2022 to December 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2022, the country with the highest price was China ($986 per ton), while the average price for exports to Mexico ($369 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Talc and Steatite Imports in South Korea
In 2022, approx. 186K tons of talc and steatite were imported into South Korea; with a decrease of -9% on 2021 figures. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 205K tons, and then dropped in the following year.
In value terms, talc and steatite imports dropped to $40M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, imports reached the peak of $46M, and then declined in the following year.
Import of Talc and Steatite in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 22.5 | 18.8 | 23.4 | 22.0 | -0.7% |
Pakistan | 8.2 | 8.4 | 8.8 | 9.8 | 6.1% |
India | 4.4 | 5.0 | 11.6 | 5.9 | 10.3% |
Others | 3.8 | 3.0 | 2.3 | 2.6 | -11.9% |
Total | 38.9 | 35.2 | 46.1 | 40.2 | 1.1% |
Top Suppliers of Talc and Steatite to South Korea in 2022:
- China (106.2K tons)
- Pakistan (51.9K tons)
- India (25.6K tons)
Talc and Steatite Exports in South Korea
In 2022, after three years of growth, there was significant decline in shipments abroad of talc and steatite, when their volume decreased by -21.8% to 29K tons. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of 37K tons, and then fell rapidly in the following year.
In value terms, talc and steatite exports declined dramatically to $14M in 2022. Overall, total exports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +4.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 29%. As a result, the exports attained the peak of $19M, and then fell notably in the following year.
Export of Talc and Steatite in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 3.6 | 3.9 | 5.5 | 5.6 | 15.9% |
Thailand | 1.8 | 2.3 | 3.0 | 3.2 | 21.1% |
China | 2.5 | 3.1 | 2.8 | 1.3 | -19.6% |
Vietnam | 0.8 | 0.9 | 1.2 | 1.2 | 14.5% |
Mexico | 2.1 | 2.5 | 4.2 | 0.9 | -24.6% |
Indonesia | 0.6 | 0.2 | 0.5 | 0.8 | 10.1% |
Hungary | 0.6 | 1.0 | 0.8 | 0.3 | -20.6% |
Others | 0.8 | 1.1 | 1.3 | 1.0 | 7.7% |
Total | 12.6 | 15.0 | 19.3 | 14.3 | 4.3% |
Top Export Markets for Talc and Steatite from South Korea in 2022:
- Japan (10.8K tons)
- Thailand (8.6K tons)
- Vietnam (2.8K tons)
- China (2.1K tons)
- Mexico (1.7K tons)
- Indonesia (1.2K tons)
- Hungary (0.7K tons)
This report provides an in-depth analysis of the talc and steatite market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the talc and steatite market in Republic of Korea.
This report provides an in-depth analysis of the steatite market in Republic of Korea.
This report provides an in-depth analysis of the global talc and steatite market.
This report provides an in-depth analysis of the global steatite market.
This report provides an in-depth analysis of the talc and steatite market in Republic of Korea.
This report provides an in-depth analysis of the steatite market in Republic of Korea.
This report provides an in-depth analysis of the global talc and steatite market.
This report provides an in-depth analysis of the global steatite market.
In 2021, global talc production totalled 7.6M tons, rising by 2% compared to 2020. Demand from ceramic and paint industries declines, while talk consumption in rubber manufacturing grows.
The global talc and steatite market was hit severely by the pandemic, with the volume of the global trade dropping twofold in May 2020 and failing to recover. The decreases in the printing paper and cosmetics industries challenge the talc market, being partially offset by rising demand from the plastics industry. China appears to be less severely hit by the pandemic than the rest of the world, which points out the Chinese downstream industries to buoy the expected slight growth of the global talc market.
In 2016, the global talc and steatite market totalled X tons, growing over the last two years. Previously, the market volume markedly fluctuated in certain years, but as a result, the total market volume exceeded the initial level only by X%. Acco
Global talc imports amounted to X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the trend p...
Global talc imports amounted to X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the trend p...
In 2021, global talc production totalled 7.6M tons, rising by 2% compared to 2020. Demand from ceramic and paint industries declines, while talk consumption in rubber manufacturing grows.
The global talc and steatite market was hit severely by the pandemic, with the volume of the global trade dropping twofold in May 2020 and failing to recover. The decreases in the printing paper and cosmetics industries challenge the talc market, being partially offset by rising demand from the plastics industry. China appears to be less severely hit by the pandemic than the rest of the world, which points out the Chinese downstream industries to buoy the expected slight growth of the global talc market.
In 2016, the global talc and steatite market totalled X tons, growing over the last two years. Previously, the market volume markedly fluctuated in certain years, but as a result, the total market volume exceeded the initial level only by X%. Acco
Global talc imports amounted to X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the trend p...
Global talc imports amounted to X tons in 2016, surging by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- the trend p...