Greece: Dolomite Market 2024

Dolomite Market Size in Greece

The Greek dolomite market was estimated at $X in 2021, approximately reflecting the previous year. In general, consumption, however, recorded a mild slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Dolomite Production in Greece

In value terms, dolomite production totaled $X in 2021 estimated in export price. In general, production, however, saw a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Dolomite Exports

Exports from Greece

In 2021, approx. X tons of chalk and dolomite were exported from Greece; with an increase of 11% on the previous year's figure. Overall, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when exports increased by 15% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, dolomite exports amounted to $X in 2021. Over the period under review, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 with an increase of 18%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for dolomite exports from Greece, accounting for a 37% share of total exports. Moreover, dolomite exports to Russia exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The third position in this ranking was held by the UK (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+60.8% per year) and the UK (+30.3% per year).

In value terms, Russia ($X), Algeria ($X) and the UK ($X) appeared to be the largest markets for dolomite exported from Greece worldwide, with a combined 45% share of total exports. Chile, Israel, India, Paraguay, Estonia, Serbia, North Macedonia, Bulgaria, Albania and Romania lagged somewhat behind, together comprising a further 28%.

Paraguay, with a CAGR of +66.3%, 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 dolomite export price amounted to $X per ton, waning by -7.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Russia ($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 Bulgaria (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Dolomite Imports

Imports into Greece

In 2021, imports of chalk and dolomite into Greece fell markedly to X tons, shrinking by -54.8% against the previous year's figure. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 109%. Imports peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, dolomite imports declined significantly to $X in 2021. Overall, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 85%. Over the period under review, imports attained the peak figure at $X in 2020, and then shrank remarkably in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest dolomite supplier to Greece, accounting for a 86% share of total imports. Moreover, dolomite imports from Germany exceeded the figures recorded by the second-largest supplier, Croatia (X tons), eightfold. The third position in this ranking was held by France (X tons), with a 2.7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (0.0% per year) and France (+8.8% per year).

In value terms, Germany ($X) constituted the largest supplier of chalk and dolomite to Greece, comprising 70% of total imports. The second position in the ranking was taken by Croatia ($X), with an 11% share of total imports. It was followed by France, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Croatia (0.0% per year) and France (-17.8% per year).

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, flattening at the previous year. Overall, the import price faced a deep setback. The pace of growth was the most pronounced in 2017 an increase of 72% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 (+13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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