SADC: Talc And Steatite Market 2024

Talc And Steatite Market Size in SADC

The SADC talc and steatite market reached $X in 2022, approximately reflecting the previous year. In general, consumption, however, enjoyed a resilient increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Talc And Steatite Production in SADC

In value terms, talc and steatite production surged to $X in 2022 estimated in export price. In general, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Talc And Steatite Exports

Exports in SADC

In 2022, overseas shipments of talc and steatite decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. In general, exports showed a slight shrinkage. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports expanded significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Zimbabwe (X tons) represented the key exporter of talc and steatite, making up X% of total exports. It was distantly followed by Zambia (X tons) and South Africa (X tons), together committing a X% share of total exports. Tanzania (X tons) followed a long way behind the leaders.

Zimbabwe was also the fastest-growing in terms of the talc and steatite exports, with a CAGR of X% from 2012 to 2022. At the same time, South Africa (X%) displayed positive paces of growth. By contrast, Tanzania (X%) and Zambia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Zimbabwe and South Africa increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest talc and steatite supplying countries in SADC were South Africa ($X), Zimbabwe ($X) and Zambia ($X), together accounting for X% of total exports.

Zimbabwe, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price continues to indicate pronounced growth. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Talc And Steatite Imports

Imports in SADC

In 2022, approx. X tons of talc and steatite were imported in SADC; waning by X% on 2021 figures. Overall, imports, however, showed a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced in the following year.

In value terms, talc and steatite imports contracted to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, South Africa (X tons) was the main importer of talc and steatite, creating X% of total imports. Tanzania (X tons) ranks second in terms of the total imports with a X% share, followed by Democratic Republic of the Congo (X%) and Mozambique (X%). Angola (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to talc and steatite imports into South Africa stood at X%. At the same time, Tanzania (X%), Mozambique (X%) and Angola (X%) displayed positive paces of growth. Moreover, Tanzania emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. By contrast, Democratic Republic of the Congo (X%) illustrated a downward trend over the same period. While the share of Democratic Republic of the Congo (X p.p.) and Tanzania (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported talc and steatite in SADC, comprising X% of total imports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a X% share of total imports. It was followed by Tanzania, with a X% share.

In South Africa, talc and steatite imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Democratic Republic of the Congo (X% per year) and Tanzania (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Angola ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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