Croatia: Talc And Steatite Market 2024

Talc And Steatite Market Size in Croatia

In 2022, the Croatian talc and steatite market decreased by -8.5% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then declined in the following year.

Talc And Steatite Exports

Exports from Croatia

In 2022, overseas shipments of talc and steatite decreased by -93.9% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 1,333% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then fell remarkably in the following year.

In value terms, talc and steatite exports reduced remarkably to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 2,665%. The exports peaked at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

Bosnia and Herzegovina (X tons) was the main destination for talc and steatite exports from Croatia, accounting for a 84% share of total exports. Moreover, talc and steatite exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Slovenia (X tons), sevenfold. Montenegro (X kg) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bosnia and Herzegovina stood at +31.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+74.1% per year) and Montenegro (+13.5% per year).

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for talc and steatite exports from Croatia, comprising 80% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 15% share of total exports. It was followed by Montenegro, with a 2.6% share.

From 2012 to 2022, the average annual growth rate of value to Bosnia and Herzegovina stood at +21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+59.9% per year) and Montenegro (+25.0% per year).

Export Prices by Country

In 2022, the average talc and steatite export price amounted to $X per ton, picking up by 42% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 93%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+41.1%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Croatia

After four years of growth, supplies from abroad of talc and steatite decreased by -19.5% to X tons in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when imports increased by 33% against the previous year. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, talc and steatite imports shrank sharply to $X in 2022. Over the period under review, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 52% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Finland (X tons) and Austria (X tons) were the main suppliers of talc and steatite imports to Croatia, together comprising 88% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +44.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X), Italy ($X) and Austria ($X) appeared to be the largest talc and steatite suppliers to Croatia, together accounting for 84% of total imports.

Finland, with a CAGR of +45.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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