MENA: Talc And Steatite Market 2024

Talc And Steatite Market Size in MENA

For the fourth year in a row, the MENA's talc and steatite market recorded growth in sales value, which increased by X% to $X in 2023. Over the period under review, consumption saw a strong expansion. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in years to come.

Talc And Steatite Production in MENA

In value terms, talc and steatite production rose sharply to $X in 2023 estimated in export price. Overall, production posted a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs in 2023 and is expected to retain growth in years to come.

Talc And Steatite Exports

Exports in MENA

In 2023, after two years of growth, there was decline in shipments abroad of talc and steatite, when their volume decreased by X% to X tons. Overall, exports saw a noticeable slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, talc and steatite exports reached $X in 2023. In general, exports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Exports by Country

Turkey represented the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Egypt (X tons), creating a X% share of total exports. Tunisia (X tons), Iran (X tons), Saudi Arabia (X tons), the United Arab Emirates (X tons) and Israel (X tons) followed a long way behind the leaders.

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

In value terms, the largest talc and steatite supplying countries in MENA were Turkey ($X), Egypt ($X) and Tunisia ($X), together comprising X% of total exports. The United Arab Emirates, Saudi Arabia, Israel and Iran lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, jumping by X% against the previous year. Export price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, talc and steatite export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

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

Talc And Steatite Imports

Imports in MENA

After two years of decline, purchases abroad of talc and steatite increased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, talc and steatite imports amounted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are expected to retain growth in the immediate term.

Imports by Country

In 2023, Turkey (X tons) was the main importer of talc and steatite, creating X% of total imports. The United Arab Emirates (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%), Israel (X%), Egypt (X%) and Morocco (X%). Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to talc and steatite imports into Turkey stood at X%. At the same time, Qatar (X%), Egypt (X%), the United Arab Emirates (X%) and Morocco (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2023. By contrast, Saudi Arabia (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.), Egypt (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.) and Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported talc and steatite in MENA, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Morocco, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Morocco (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2023, waning 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 2021 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2022, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform