Eastern Europe: Steatite Market 2021

Steatite Market Size in Eastern Europe

The East European steatite market shrank to $X in 2019, which is down by -X% against the previous year. Overall, consumption, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. The level of consumption peaked at $X in 2018, and then dropped in the following year.

Steatite Production in Eastern Europe

In value terms, steatite production soared to $X in 2019 estimated in export prices. Over the period under review, production, however, showed a dramatic descent. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. Over the period under review, production attained the maximum level at $X in 2008; however, from 2009 to 2019, production remained at a lower figure.

Production By Country in Eastern Europe

Slovakia (X kg) remains the largest steatite producing country in Eastern Europe, accounting for X% of total volume.

From 2007 to 2019, the average annual growth rate of volume in Slovakia amounted to -X%.

Steatite Exports

Exports in Eastern Europe

In 2019, shipments abroad of steatites increased by X% to X tons, rising for the third year in a row after five years of decline. Total exports indicated a notable expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure in 2019 and are likely to continue growth in the immediate term.

In value terms, steatite exports stood at $X in 2019. Total exports indicated tangible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. The level of export peaked in 2019 and is expected to retain growth in the immediate term.

Exports by Country

Russia was the largest exporting country with an export of around X tons, which resulted at X% of total exports. Slovakia (X tons) ranks second in terms of the total exports with a X% share, followed by Poland (X%). The Czech Republic (X tons) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to steatite exports from Russia stood at +X%. At the same time, Poland (+X%) and Slovakia (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +X% from 2007-2019. The Czech Republic experienced a relatively flat trend pattern. From 2007 to 2019, the share of Poland and Russia increased by +X% and +X% percentage points, while Slovakia (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest steatite supplying countries in Eastern Europe were Russia ($X), Poland ($X) and Slovakia ($X), together comprising X% of total exports. These countries were followed by the Czech Republic, which accounted for a further X Czech Republic recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2019, the steatite export price in Eastern Europe amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% y-o-y. The level of export peaked at $X per ton in 2018, and then shrank dramatically in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was the Czech Republic ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the other leaders experienced mixed trends in the export price figures.

Steatite Imports

Imports in Eastern Europe

Steatite imports shrank slightly to X tons in 2019, remaining relatively unchanged against the year before. Total imports indicated a noticeable increase from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2009 indices. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tons in 2018, and then declined slightly in the following year.

In value terms, steatite imports reduced modestly to $X in 2019. Total imports indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2015 indices. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018, and then fell slightly in the following year.

Imports by Country

Poland was the key importer of steatites in Eastern Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2019. It was distantly followed by the Czech Republic (X tons), Russia (X tons), Hungary (X tons) and Slovakia (X tons), together achieving a X% share of total imports. The following importers - Romania (X tons) and Ukraine (X tons) - together made up X% of total imports.

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Slovakia, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest steatite importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together comprising X% of total imports. Hungary, Slovakia, Romania and Ukraine lagged somewhat behind, together accounting for a further X saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The steatite import price in Eastern Europe stood at $X per ton in 2019, waning by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Romania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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