Greece: Talc And Steatite Market 2024

Talc And Steatite Market Size in Greece

The Greek talc and steatite market expanded slightly to $X in 2022, rising by 1.9% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Talc and steatite consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Talc And Steatite Production in Greece

In value terms, talc and steatite production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Talc And Steatite Exports

Exports from Greece

In 2022, the amount of talc and steatite exported from Greece fell remarkably to X tons, reducing by -22.4% on the previous year. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 19%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, talc and steatite exports fell sharply to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 19%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Israel (X tons) was the main destination for talc and steatite exports from Greece, accounting for a 60% share of total exports. Moreover, talc and steatite exports to Israel exceeded the volume sent to the second major destination, Italy (X tons), sevenfold. Romania (X tons) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Israel amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-6.0% per year) and Romania (-16.0% per year).

In value terms, the largest markets for talc and steatite exported from Greece were Israel ($X), Italy ($X) and Albania ($X), with a combined 63% share of total exports. Romania, Bulgaria, Cyprus, North Macedonia and Serbia lagged somewhat behind, together comprising a further 24%.

In terms of the main countries of destination, Bulgaria, with a CAGR of +15.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, with a decrease of -4.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 9.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Albania (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Talc And Steatite Imports

Imports into Greece

In 2022, talc and steatite imports into Greece reduced to X tons, with a decrease of -14.6% on the previous year. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 46%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, talc and steatite imports rose markedly to $X in 2022. Over the period under review, imports continue to indicate a mild reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 31% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest talc and steatite supplier to Greece, with a 59% share of total imports. Moreover, talc and steatite imports from Egypt exceeded the figures recorded by the second-largest supplier, Finland (X tons), fourfold. The Netherlands (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt amounted to -9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-2.3% per year) and the Netherlands (+22.5% per year).

In value terms, Egypt ($X) constituted the largest supplier of talc and steatite to Greece, comprising 49% of total imports. The second position in the ranking was taken by Finland ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Egypt stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (-1.4% per year) and the Netherlands (+20.5% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, picking up by 26% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, talc and steatite import price increased by +35.9% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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