CIS: Steatite Market 2021

Steatite Market Size in CIS

The CIS steatite market reached $X in 2019, approximately reflecting the previous year. In general, consumption saw a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2019 and is likely to see gradual growth in the immediate term.

Steatite Production in CIS

In value terms, steatite production skyrocketed to $X in 2019 estimated in export prices. Overall, production saw a significant expansion. The level of production peaked at $X in 2015; however, from 2016 to 2019, production remained at a lower figure.

Production By Country in CIS

Kyrgyzstan (X kg) constituted the country with the largest volume of steatite production, accounting for X% of total volume.

In Kyrgyzstan, steatite production increased at an average annual rate of +X% over the period from 2007-2019.

Steatite Exports

Exports in CIS

In 2019, the amount of steatites exported in the CIS skyrocketed to X tons, picking up by X% against the previous year. In general, exports enjoyed tangible growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. As a result, exports attained the peak of X tons. From 2012 to 2019, the growth exports remained at a somewhat lower figure.

In value terms, steatite exports soared to $X in 2019. Overall, exports recorded temperate growth. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. As a result, exports reached the peak of $X. From 2012 to 2019, the growth exports failed to regain the momentum.

Exports by Country

The biggest shipments were from Russia (X tons), together recording X% of total export.

Russia was also the fastest-growing in terms of the steatites exports, with a CAGR of +X% from 2007 to 2019. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest steatite supplier in the CIS.

In Russia, steatite exports increased at an average annual rate of +X% over the period from 2007-2019.

Export Prices by Country

The steatite export price in the CIS stood at $X per ton in 2019, which is down by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 an increase of X% year-to-year. The level of export peaked at $X per ton in 2018, and then reduced sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2019, the rate of growth in terms of prices for Russia amounted to +X% per year.

Steatite Imports

Imports in CIS

In 2019, approx. X tons of steatites were imported in the CIS; increasing by X% compared with 2018 figures. Overall, imports showed notable growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2019 and are likely to see gradual growth in the near future.

In value terms, steatite imports rose modestly to $X in 2019. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. The level of import peaked in 2019 and is likely to see steady growth in years to come.

Imports by Country

Russia dominates steatite imports structure, reaching X tons, which was approx. X% of total imports in 2019. It was distantly followed by Belarus (X tons), Uzbekistan (X tons) and Kazakhstan (X tons), together achieving a X% share of total imports. Azerbaijan (X tons) followed a long way behind the leaders.

From 2007 to 2019, average annual rates of growth with regard to steatite imports into Russia stood at +X%. At the same time, Azerbaijan (+X%), Kazakhstan (+X%) and Uzbekistan (+X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2019. Belarus experienced a relatively flat trend pattern. Kazakhstan (+X p.p.) and Uzbekistan (+X p.p.) significantly strengthened its position in terms of the total imports, while Russia and Belarus saw its share reduced by -X% and -X% from 2007 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported steatites in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Uzbekistan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, steatite imports increased at an average annual rate of +X% over the period from 2007-2019. The remaining importing countries recorded the following average annual rates of imports growth: Uzbekistan (+X% per year) and Belarus (+X% per year).

Import Prices by Country

The steatite import price in the CIS stood at $X per ton in 2019, falling by -X% against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2010 when the import price increased by X% y-o-y. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Azerbaijan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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