China: Talc And Steatite Market 2024

Talc And Steatite Market Size in China

In 2023, the Chinese talc and steatite market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption, however, saw a abrupt curtailment. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Talc And Steatite Production in China

In value terms, talc and steatite production amounted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from China

Talc and steatite exports from China dropped to X tons in 2023, with a decrease of X% on the year before. Over the period under review, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, talc and steatite exports fell to $X in 2023. Overall, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Japan (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of talc and steatite exports from China, together accounting for X% of total exports. Thailand, Taiwan (Chinese), Vietnam, Malaysia, the United States and the Philippines lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and South Korea ($X) were the largest markets for talc and steatite exported from China worldwide, together accounting for X% of total exports. Indonesia, the United States, Vietnam, Malaysia, Taiwan (Chinese) and the Philippines lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2023, increasing by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2023, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Talc And Steatite Imports

Imports into China

In 2023, approx. X tons of talc and steatite were imported into China; which is down by X% against the previous year's figure. Overall, imports, however, recorded a notable increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, talc and steatite imports dropped rapidly to $X in 2023. Over the period under review, imports, however, saw a measured expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Pakistan (X tons) constituted the largest talc and steatite supplier to China, accounting for a X% share of total imports. Moreover, talc and steatite imports from Pakistan exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Pakistan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and South Korea (X% per year).

In value terms, Italy ($X), Pakistan ($X) and the United States ($X) were the largest talc and steatite suppliers to China, together comprising X% of total imports. South Korea, Japan, France, India, the Netherlands, Finland and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average talc and steatite import price stood at $X per ton in 2023, waning by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform