Hungary: Talc And Steatite Market 2024

Talc And Steatite Market Size in Hungary

In 2022, the Hungarian talc and steatite market increased by 21% to $X, rising for the fifth consecutive year after two years of decline. In general, consumption showed strong growth. Talc and steatite consumption peaked in 2022 and is expected to retain growth in years to come.

Talc And Steatite Exports

Exports from Hungary

In 2022, approx. X tons of talc and steatite were exported from Hungary; growing by 10% compared with 2021. Overall, exports showed a perceptible increase. The growth pace was the most rapid in 2013 when exports increased by 501% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, talc and steatite exports surged to $X in 2022. In general, exports, however, recorded a perceptible shrinkage. The growth pace was the most rapid in 2019 with an increase of 82%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X tons) was the main destination for talc and steatite exports from Hungary, with a 33% share of total exports. Moreover, talc and steatite exports to Romania exceeded the volume sent to the second major destination, Russia (X tons), twofold. The Czech Republic (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Romania amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-5.4% per year) and the Czech Republic (-29.4% per year).

In value terms, Kazakhstan ($X), Romania ($X) and Russia ($X) appeared to be the largest markets for talc and steatite exported from Hungary worldwide, with a combined 75% share of total exports. Germany, Poland, Slovakia and the Czech Republic lagged somewhat behind, together accounting for a further 20%.

Among the main countries of destination, Slovakia, with a CAGR of +35.1%, 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

In 2022, the average talc and steatite export price amounted to $X per ton, with an increase of 23% against the previous year. In general, the export price, however, continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 an increase of 126%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Kazakhstan ($X per ton), while the average price for exports to the Czech Republic ($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 Slovakia (-0.6%), while the prices for the other major destinations experienced a decline.

Talc And Steatite Imports

Imports into Hungary

In 2022, purchases abroad of talc and steatite increased by 24% to X tons, rising for the fifth year in a row after two years of decline. In general, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 91% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, talc and steatite imports expanded sharply to $X in 2022. Over the period under review, imports saw a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 82% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Austria (X tons) constituted the largest talc and steatite supplier to Hungary, accounting for a 42% share of total imports. Moreover, talc and steatite imports from Austria exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Austria amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.8% per year) and Italy (+12.5% per year).

In value terms, Austria ($X), Croatia ($X) and South Korea ($X) were the largest talc and steatite suppliers to Hungary, with a combined 57% share of total imports.

In terms of the main suppliers, Croatia, with a CAGR of +490.2%, recorded 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 talc and steatite import price stood at $X per ton in 2022, dropping by -8.5% against the previous year. In general, the import price, however, enjoyed noticeable growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 221%. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 Croatia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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