Ukraine: Talc And Steatite Market 2024

Talc And Steatite Market Size in Ukraine

The Ukrainian talc and steatite market contracted notably to $X in 2022, declining by -56% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt descent. Talc and steatite consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Talc And Steatite Exports

Exports from Ukraine

In 2022, approx. X tons of talc and steatite were exported from Ukraine; picking up by 1,556% compared with the previous year. Overall, exports showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 52,580% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, talc and steatite exports soared to $X in 2022. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 21,373% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for talc and steatite exports from Ukraine, accounting for a 80% share of total exports. Moreover, talc and steatite exports to Poland exceeded the volume sent to the second major destination, Russia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled +525.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+308.5% per year) and Moldova (-36.1% per year).

In value terms, Poland ($X), Russia ($X) and Moldova ($X) appeared to be the largest markets for talc and steatite exported from Ukraine worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Poland, with a CAGR of +485.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average talc and steatite export price stood at $X per ton in 2022, jumping by 81% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2018 an increase of 287% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($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 Moldova (+16.1%), while the prices for the other major destinations experienced mixed trend patterns.

Talc And Steatite Imports

Imports into Ukraine

In 2022, after two years of growth, there was significant decline in overseas purchases of talc and steatite, when their volume decreased by -64.5% to X tons. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when imports increased by 29%. Imports peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, talc and steatite imports fell markedly to $X in 2022. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of talc and steatite to Ukraine, accounting for a 35% share of total imports. Moreover, talc and steatite imports from Finland exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. India (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Finland stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.7% per year) and India (+20.2% per year).

In value terms, Finland ($X), Germany ($X) and India ($X) were the largest talc and steatite suppliers to Ukraine, together comprising 50% of total imports. Greece, China, Italy, Brazil, Poland, Pakistan, France, Austria and Estonia lagged somewhat behind, together comprising a further 44%.

In terms of the main suppliers, Brazil, with a CAGR of +397.4%, 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

In 2022, the average talc and steatite import price amounted to $X per ton, increasing by 46% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. 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 Germany ($X per ton), while the price for Italy ($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 (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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