HS Code:
The category of Talc, Steatite, and Soapstone, cut or sawed, or in blanks, crayons, cubes, disks, or other forms (HS Code: 252620) includes processed forms of these natural minerals, which are primarily used in industries such as cosmetics, pharmaceuticals, ceramics, and paper production. Talc is valued for its softness, chemical inertness, and ability to absorb moisture, while steatite and soapstone are often utilized for their heat resistance and electrical insulation properties. This category represents a niche but significant segment of the global mineral trade, with applications spanning industrial and consumer goods.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain African nations)
Lowest Rate
0% (under free trade agreements like EU-India FTA)
Growing demand in cosmetics industry
Increased exports from major producers like India and China due to rising use of talc in personal care products
2021-2022
Shift towards sustainable mining practices
Higher production costs but improved market access in regions with strict environmental regulations like the EU
2020-2022
Decline in demand for talc in paper industry
Reduced trade volumes in some markets as alternatives like calcium carbonate gain traction
2019-2022
The European Union introduced stricter guidelines on talc purity levels to ensure consumer safety, impacting exporters to the region.
March 2023
Exporters like India may face higher compliance costs but gain long-term market trust.
A recent trade agreement reduced tariffs on talc products between the US and China, boosting bilateral trade in this category.
January 2023
Increased trade volume for Chinese exporters targeting the US market.
Brazil announced investments in soapstone mining and processing facilities to meet growing global demand for industrial applications.
September 2022
Expected rise in Brazil's export share in the coming years.