Eastern Asia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Eastern Asia

The East Asian talc and steatite market expanded to $X in 2023, increasing by X% against the previous year. In general, consumption, however, recorded a mild curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Talc And Steatite Production in Eastern Asia

In value terms, talc and steatite production expanded modestly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports in Eastern Asia

In 2023, exports of talc and steatite in Eastern Asia dropped to X tons, with a decrease of X% compared with the previous year. Over the period under review, exports continue to indicate a pronounced decline. The pace of growth was the most pronounced 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 failed to regain momentum.

In value terms, talc and steatite exports shrank to $X in 2023. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by South Korea (X tons), generating a X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to talc and steatite exports from China stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest talc and steatite supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China amounted to X%.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Talc And Steatite Imports

Imports in Eastern Asia

In 2023, the amount of talc and steatite imported in Eastern Asia dropped to X tons, waning by X% on the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, talc and steatite imports fell to $X in 2023. Over the period under review, imports showed a slight downturn. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons) and South Korea (X tons) were the main importers of talc and steatite in 2023, amounting to approx. X% and X% of total imports, respectively. It was distantly followed by Taiwan (Chinese) (X tons) and China (X tons), together creating a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X) constitutes the largest market for imported talc and steatite in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Japan stood at X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform