Greece: Chalk Market 2022

Chalk Market Size in Greece

In 2021, the Greek chalk market decreased by -1.6% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Chalk Production in Greece

In value terms, chalk production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the production volume increased by 17%. Over the period under review, production reached the peak level at $X in 2020, and then declined slightly in the following year.

Chalk Exports

Exports from Greece

In 2021, chalk exports from Greece surged to X tons, picking up by 21% on 2020. In general, exports, however, saw a abrupt contraction. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, chalk exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep slump. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for chalk exports from Greece, accounting for a 38% share of total exports. Moreover, chalk exports to Russia exceeded the volume sent to the second major destination, Algeria (X tons), twofold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+60.8% per year) and the UK (+30.3% per year).

In value terms, the largest markets for chalk exported from Greece were Russia ($X), Algeria ($X) and the UK ($X), together accounting for 52% of total exports. Chile, Israel, Paraguay, Estonia, Serbia, North Macedonia, Bulgaria and Romania lagged somewhat behind, together comprising a further 26%.

Paraguay, with a CAGR of +66.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average chalk export price stood at $X per ton in 2021, picking up by 9.2% against the previous year. Overall, the export price, however, showed a slight shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Chalk Imports

Imports into Greece

In 2021, the amount of chalks imported into Greece contracted markedly to X tons, falling by -81.3% against 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 133% against the previous year. As a result, imports attained the peak of X tons, and then reduced remarkably in the following year.

In value terms, chalk imports fell notably to $X in 2021. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 when imports increased by 67%. Imports peaked at $X in 2020, and then reduced sharply in the following year.

Imports by Country

In 2021, Germany (X tons) was the main supplier of chalk to Greece, accounting for a 90% share of total imports. Moreover, chalk imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Belgium (X tons) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.7% per year) and Belgium (+14.9% per year).

In value terms, Germany ($X) constituted the largest supplier of chalk to Greece, comprising 59% of total imports. The second position in the ranking was taken by Belgium ($X), with a 24% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+19.7% per year) and France (-17.8% per year).

Import Prices by Country

The average chalk import price stood at $X per ton in 2021, increasing by 40% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2017 when the average import price increased by 173% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+79.2%), while the prices for the other major suppliers experienced more modest paces of growth.

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Source: IndexBox Platform

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