India: Talc And Steatite Market 2024

Talc And Steatite Market Size in India

In 2023, the Indian talc and steatite market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a measured expansion. As a result, consumption attained the peak level of $X. From 2021 to 2023, the growth of the market remained at a somewhat lower figure.

Talc And Steatite Production in India

In value terms, talc and steatite production declined modestly to $X in 2023 estimated in export price. Over the period under review, production enjoyed a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from India

In 2023, shipments abroad of talc and steatite decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then plummeted in the following year.

In value terms, talc and steatite exports reduced dramatically to $X in 2023. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2022, and then dropped sharply in the following year.

Exports by Country

The Netherlands (X tons), Thailand (X tons) and South Korea (X tons) were the main destinations of talc and steatite exports from India, together accounting for X% of total exports. Indonesia, Bangladesh, the United States, China, Nepal, Belgium, the United Arab Emirates, Slovenia, Malaysia and Saudi Arabia 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 Slovenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for talc and steatite exported from India were the Netherlands ($X), South Korea ($X) and Indonesia ($X), together accounting for X% of total exports. Thailand, China, the United States, Bangladesh, Belgium, the United Arab Emirates, Slovenia, Malaysia, Nepal and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Slovenia, with a CAGR of X%, recorded 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

In 2023, the average talc and steatite export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Nepal ($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 Slovenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into India

Talc and steatite imports into India declined to X tons in 2023, waning by X% on 2022. In general, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, talc and steatite imports reached $X in 2023. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in years to come.

Imports by Country

Italy (X tons), the United States (X tons) and China (X tons) were the main suppliers of talc and steatite imports to India, together comprising X% of total imports. Belgium, Spain, Japan, Nepal, Portugal, the UK, Slovenia and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Spain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest talc and steatite suppliers to India were Italy ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Belgium, the UK, Japan, Spain, Portugal, Slovenia, France and Nepal lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, recorded 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

In 2023, the average talc and steatite import price amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Nepal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Pakistan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform