Greece: Calcium Carbonate Market 2024

Calcium Carbonate Market Size in Greece

The Greek calcium carbonate market fell sharply to $X in 2021, reducing by -43.9% against the previous year. In general, consumption recorded a abrupt decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Calcium Carbonate Production in Greece

In value terms, calcium carbonate production dropped modestly to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +37.4% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26%. Calcium carbonate production peaked at $X in 2020, and then declined slightly in the following year.

Calcium Carbonate Exports

Exports from Greece

In 2021, approx. X tons of calcium carbonate were exported from Greece; with an increase of 37% compared with the previous year. Over the period under review, exports saw a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of 142%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, calcium carbonate exports soared to $X in 2021. Overall, total exports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -18.2% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 50%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Romania (X tons), Bulgaria (X tons) and Chile (X tons) were the main destinations of calcium carbonate exports from Greece, together accounting for 13% of total exports. These countries were followed by Israel, Oman, Yemen, the United Arab Emirates, North Macedonia, Albania, Brazil, Libya, Algeria and Ukraine, which together accounted for a further 10%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by North Macedonia (with a CAGR of +116.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calcium carbonate exported from Greece were Romania ($X), Bulgaria ($X) and Chile ($X), together accounting for 24% of total exports. These countries were followed by Oman, Israel, the United Arab Emirates, North Macedonia, Brazil, Albania, Algeria, Ukraine, Libya and Yemen, which together accounted for a further 18%.

North Macedonia, with a CAGR of +113.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average calcium carbonate export price amounted to $X per ton, falling by -13.6% against the previous year. In general, the export price showed a deep setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Calcium Carbonate Imports

Imports into Greece

In 2021, calcium carbonate imports into Greece shrank to X tons, waning by -3.3% on 2020. Overall, imports showed a deep downturn. The pace of growth was the most pronounced in 2016 when imports increased by 53% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, calcium carbonate imports fell to $X in 2021. Over the period under review, imports showed a perceptible curtailment. The growth pace was the most rapid in 2015 with an increase of 35% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of calcium carbonate to Greece, accounting for a 50% share of total imports. Moreover, calcium carbonate imports from Austria exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Austria amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.5% per year) and France (+13.6% per year).

In value terms, the largest calcium carbonate suppliers to Greece were Austria ($X), France ($X) and Mexico ($X), with a combined 75% share of total imports.

Austria, with a CAGR of +28.1%, saw 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 2021, the average calcium carbonate import price amounted to $X per ton, reducing by -3.5% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 an increase of 103% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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