EU: Carbonate Market 2024

Carbonate Market Size in the EU

The EU carbonate market declined slightly to $X in 2021, dropping by -1.8% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 8.5%. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Carbonate Production in the EU

In value terms, carbonate production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of 8.4%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Carbonate Exports

Exports in the EU

In 2021, after three years of decline, there was significant growth in shipments abroad of carbonates and peroxocarbonates, when their volume increased by 18% to X tons. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 27%. The volume of export peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, carbonate exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Germany (X tons), Bulgaria (X tons), Belgium (X tons), Spain (X tons), the Netherlands (X tons), France (X tons) and Poland (X tons), together finishing at 95% of total export.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +16.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest carbonate supplier in the European Union, comprising 32% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +5.2%. In the other countries, the average annual rates were as follows: Belgium (+1.8% per year) and Spain (+16.1% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 3.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 an increase of 7.7% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.6%), while the other leaders experienced more modest paces of growth.

Carbonate Imports

Imports in the EU

In 2021, approx. X tons of carbonates and peroxocarbonates were imported in the European Union; picking up by 12% on the previous year. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carbonate imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Germany (X tons), Belgium (X tons), Spain (X tons), Italy (X tons) and France (X tons) represented roughly 74% of total imports in 2021. The following importers - Portugal (X tons), Poland (X tons), the Czech Republic (X tons), Romania (X tons), Austria (X tons) and Sweden (X tons) - together made up 16% of total imports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021, with a combined 41% share of total imports. These countries were followed by France, Italy, Spain, Poland, the Czech Republic, Portugal, Austria, Romania and Sweden, which together accounted for a further 48%.

In terms of the main importing countries, Spain, with a CAGR of +12.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, surging by 3.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2016 when the import price increased by 11%. Over the period under review, import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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