Greece: Kaolin Market 2024

Kaolin Market Size in Greece

The Greek kaolin market expanded markedly to $X in 2021, increasing by 13% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Kaolin Production in Greece

In value terms, kaolin production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 179%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Kaolin Exports

Exports from Greece

In 2021, exports of kaolin and kaolinic clays from Greece fell to X tons, which is down by -10.2% compared with 2020. In general, exports recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 60% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, kaolin exports expanded sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2017 when exports increased by 116% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cyprus (X tons) was the main destination for kaolin exports from Greece, accounting for a 66% share of total exports. Moreover, kaolin exports to Cyprus exceeded the volume sent to the second major destination, Romania (X tons), fivefold. Albania (X tons) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume to Cyprus stood at +13.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-4.9% per year) and Albania (-5.3% per year).

In value terms, Cyprus ($X) remains the key foreign market for kaolin and kaolinic clays exports from Greece, comprising 73% of total exports. The second position in the ranking was taken by Romania ($X), with a 9.5% share of total exports. It was followed by Albania, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Cyprus amounted to +18.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-6.2% per year) and Albania (-3.6% per year).

Export Prices by Country

The average kaolin export price stood at $X per ton in 2021, with an increase of 24% against the previous year. In general, the export price posted a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 179%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Romania ($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 Israel (+150.5%), while the prices for the other major destinations experienced more modest paces of growth.

Kaolin Imports

Imports into Greece

In 2021, approx. X tons of kaolin and kaolinic clays were imported into Greece; shrinking by -2% compared with the previous year. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 23%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, kaolin imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 21%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

Bulgaria (X tons), the United States (X tons) and Serbia (X tons) were the main suppliers of kaolin imports to Greece, together comprising 76% of total imports. Germany, Italy, France, Egypt and the UK lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +138.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Bulgaria ($X) and Italy ($X) were the largest kaolin suppliers to Greece, together comprising 75% of total imports.

In terms of the main suppliers, Italy, with a CAGR of +145.4%, 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 average kaolin import price stood at $X per ton in 2021, with an increase of 19% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 an increase of 20% against the previous year. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per ton), while the price for Serbia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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