Eastern Europe: Talc And Steatite Market 2024

Talc And Steatite Market Size in Eastern Europe

The East European talc and steatite market fell rapidly to $X in 2022, reducing by -21.9% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +30.1% against 2015 indices. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Talc And Steatite Production in Eastern Europe

In value terms, talc and steatite production fell modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 20%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Talc And Steatite Exports

Exports in Eastern Europe

In 2022, shipments abroad of talc and steatite increased by 559% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, talc and steatite exports surged to $X in 2022. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Slovakia prevails in exports structure, recording X tons, which was near 87% of total exports in 2022. It was distantly followed by Russia (X tons), making up a 6.9% share of total exports. Poland (X tons) took a little share of total exports.

Slovakia was also the fastest-growing in terms of the talc and steatite exports, with a CAGR of +52.7% from 2012 to 2022. At the same time, Poland (+3.3%) displayed positive paces of growth. By contrast, Russia (-2.5%) illustrated a downward trend over the same period. Slovakia (+78 p.p.) significantly strengthened its position in terms of the total exports, while Poland and Russia saw its share reduced by -13.1% and -55% from 2012 to 2022, respectively.

In value terms, Slovakia ($X) emerged as the largest talc and steatite supplier in Eastern Europe, comprising 74% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Slovakia amounted to +37.0%. In the other countries, the average annual rates were as follows: Poland (+5.4% per year) and Russia (-4.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, shrinking by -35.3% against the previous year. In general, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when the export price increased by 19%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+2.0%), while the other leaders experienced a decline in the export price figures.

Talc And Steatite Imports

Imports in Eastern Europe

In 2022, purchases abroad of talc and steatite decreased by -5.5% to X tons for the first time since 2017, thus ending a four-year rising trend. Total imports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.9% 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 +77.7% against 2012 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 17% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, talc and steatite imports dropped modestly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% 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 +74.2% against 2015 indices. The pace of growth appeared the most rapid in 2018 with an increase of 23% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell modestly in the following year.

Imports by Country

Poland represented the key importing country with an import of around X tons, which resulted at 40% of total imports. The Czech Republic (X tons) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Russia (18%) and Hungary (13%). Slovakia (X tons) and Romania (X tons) took a minor share of total imports.

Imports into Poland increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Slovakia (+23.8%), Hungary (+10.3%), the Czech Republic (+7.1%), Russia (+6.5%) and Romania (+3.7%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +23.8% from 2012-2022. While the share of Hungary (+4.3 p.p.), Slovakia (+2.9 p.p.) and the Czech Republic (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Poland (-2.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported talc and steatite in Eastern Europe, comprising 41% of total imports. The second position in the ranking was held by Russia ($X), with a 17% share of total imports. It was followed by the Czech Republic, with a 16% share.

In Poland, talc and steatite imports expanded at an average annual rate of +6.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (+10.0% per year) and the Czech Republic (+7.4% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, rising by 4.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 an increase of 8.4% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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 Romania ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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