Pakistan: Talc And Steatite Market 2024

Talc And Steatite Market Size in Pakistan

In 2023, the Pakistani talc and steatite market decreased by X% to $X for the first time since 2018, thus ending a four-year rising trend. In general, consumption recorded a perceptible decline. Talc and steatite consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Talc And Steatite Production in Pakistan

In value terms, talc and steatite production declined to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Talc And Steatite Exports

Exports from Pakistan

In 2023, exports of talc and steatite from Pakistan skyrocketed to X tons, picking up by X% compared with 2022. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, talc and steatite exports soared to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons) was the main destination for talc and steatite exports from Pakistan, accounting for a X% share of total exports. Moreover, talc and steatite exports to the United States exceeded the volume sent to the second major destination, South Korea (X tons), twofold. China (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and China (X% per year).

In value terms, the United States ($X) remains the key foreign market for talc and steatite exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Italy (X% per year).

Export Prices by Country

In 2023, the average talc and steatite export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

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

Talc And Steatite Imports

Imports into Pakistan

In 2023, after two years of growth, there was significant decline in supplies from abroad of talc and steatite, when their volume decreased by X% to X tons. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, talc and steatite imports dropped markedly to $X in 2023. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Afghanistan (X tons) was the main talc and steatite supplier to Pakistan, with a X% share of total imports. It was followed by China (X tons), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of volume from Afghanistan totaled X%.

In value terms, Afghanistan ($X) constituted the largest supplier of talc and steatite to Pakistan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value from Afghanistan totaled X%.

Import Prices by Country

In 2023, the average talc and steatite import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price, however, posted a slight increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for Afghanistan stood at $X per ton.

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

Source: IndexBox Platform