Updated Jan 21, 2023 22:34

Talc And Steatite Market in Brazil

Market Overview
The Brazilian talc and steatite market declined modestly to $ in , shrinking by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a notable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by +% against indices. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.

In value terms, talc and steatite production declined to $ in estimated in export price. In general, production showed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of % against the previous year. Talc and steatite production peaked at $ in 2016; however, from 2017 to , production stood at a somewhat lower figure.


Consumption
In , consumption of talc and steatite decreased by -% to tons, falling for the fourth year in a row after three years of growth. Over the period under review, the total consumption indicated a modest expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. As a result, consumption attained the peak volume of tons. From 2019 to , the growth of the consumption remained at a lower figure.

The size of the talc and steatite market in Brazil dropped to $ in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated temperate growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by +% against indices. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.


Market Forecast
Driven by increasing demand for talc and steatite in Brazil, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of talc and steatite in Brazil were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for talc and steatite.


Trade Balance
Brazil remains a net exporter of talc and steatite; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of tons, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.