Lithuania: Talc And Steatite Market 2024

Talc And Steatite Market Size in Lithuania

The Lithuanian talc and steatite market expanded remarkably to $X in 2022, with an increase of 11% against the previous year. In general, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.7% against 2015 indices. Talc and steatite consumption peaked in 2022 and is likely to see steady growth in the near future.

Talc And Steatite Production in Lithuania

In value terms, talc and steatite production expanded significantly to $X in 2022 estimated in export price. In general, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.1% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 42% against the previous year. Talc and steatite production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Talc And Steatite Exports

Exports from Lithuania

In 2022, the amount of talc and steatite exported from Lithuania surged to X tons, with an increase of 47% on the year before. In general, exports saw a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 126%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, talc and steatite exports rose remarkably to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 228% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Belarus (X tons), Russia (X tons) and Latvia (X tons) were the main destinations of talc and steatite exports from Lithuania, with a combined 97% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +113.1%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) were the largest markets for talc and steatite exported from Lithuania worldwide, with a combined 94% share of total exports.

In terms of the main countries of destination, Belarus, with a CAGR of +110.2%, saw 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, dropping by -25% against the previous year. In general, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2021 an increase of 66% against the previous year. As a result, the export price reached the peak level of $X per ton, and then contracted markedly in the following year.

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 ($X per ton), while the average price for exports to Latvia ($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 Kazakhstan (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.

Talc And Steatite Imports

Imports into Lithuania

In 2022, approx. X tons of talc and steatite were imported into Lithuania; rising by 211% on the year before. Overall, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, talc and steatite imports soared to $X in 2022. In general, imports enjoyed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of talc and steatite to Lithuania, accounting for a 71% share of total imports. Moreover, talc and steatite imports from Finland exceeded the figures recorded by the second-largest supplier, Italy (X tons), sevenfold. The third position in this ranking was held by Germany (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Finland totaled +93.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+67.8% per year) and Germany (+15.4% per year).

In value terms, Finland ($X) constituted the largest supplier of talc and steatite to Lithuania, comprising 53% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland totaled +90.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+76.7% per year) and Germany (+25.3% per year).

Import Prices by Country

In 2022, the average talc and steatite import price amounted to $X per ton, waning by -28.6% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +53.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74%. As a result, import price attained the peak level of $X per ton, and then dropped rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform