Europe: Abrasives Market 2024

Abrasives Market Size in Europe

The Europe abrasives market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Abrasives Production in Europe

In value terms, abrasives production dropped slightly to $X in 2022 estimated in export price. The total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Abrasives Exports

Exports in Europe

In 2022, approx. X tons of abrasives (natural) were exported in Europe; growing by X% compared with 2021. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, abrasives exports expanded remarkably to $X in 2022. In general, exports posted strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Greece prevails in exports structure, resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Iceland (X tons), achieving a X% share of total exports. The following exporters - the Netherlands (X tons) and Germany (X tons) - each reached a X% share of total exports.

Exports from Greece increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Iceland experienced a relatively flat trend pattern. By contrast, Germany (X%) illustrated a downward trend over the same period. While the share of Greece (X p.p.) and Iceland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Greece ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, 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 export price in Europe amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Greece ($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 (X%).

Abrasives Imports

Imports in Europe

In 2022, abrasives imports in Europe surged to X tons, growing by X% against the year before. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, abrasives imports skyrocketed to $X in 2022. Overall, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the UK (X tons) was the main importer of abrasives (natural), committing X% of total imports. It was distantly followed by the Netherlands (X tons), mixing up a X% share of total imports. Poland (X tons), Denmark (X tons), Italy (X tons), Russia (X tons), Sweden (X tons) and Croatia (X tons) followed a long way behind the leaders.

Imports into the UK increased at an average annual rate of X% from 2012 to 2022. At the same time, Croatia (X%), Poland (X%), the Netherlands (X%), Sweden (X%), Italy (X%), Russia (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. While the share of the UK (X p.p.) and Croatia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (X p.p.), Russia (X p.p.), Italy (X p.p.), Denmark (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest abrasives importing markets in Europe were the UK ($X), the Netherlands ($X) and Poland ($X), together comprising X% of total imports. Italy, Russia, Sweden, Denmark and Croatia lagged somewhat behind, together accounting for a further X%.

Croatia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while the UK ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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