Slovakia: Acetone Market 2025

Acetone Market Size in Slovakia

The Slovak acetone market dropped slightly to $X in 2021, declining by -2.6% against the previous year. Over the period under review, consumption showed a pronounced decline. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Acetone Production in Slovakia

In value terms, acetone production rose rapidly to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 when the production volume increased by 43%. Over the period under review, production reached the peak level in 2021 and is expected to retain growth in years to come.

Acetone Exports

Exports from Slovakia

In 2021, the amount of acetone exported from Slovakia skyrocketed to X tons, jumping by 69% compared with 2020. Overall, exports posted a moderate expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, acetone exports skyrocketed to $X in 2021. Over the period under review, exports saw mild growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Hungary (X tons) were the main destinations of acetone exports from Slovakia, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +55.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Austria ($X) and Hungary ($X) were the largest markets for acetone exported from Slovakia worldwide, with a combined 91% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +64.1%, 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

The average acetone export price stood at $X per ton in 2021, rising by 33% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Germany ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Acetone Imports

Imports into Slovakia

In 2021, supplies from abroad of acetone was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of 117%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, acetone imports surged to $X in 2021. Overall, imports, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 40%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X tons), Russia (X tons) and Germany (X tons) were the main suppliers of acetone imports to Slovakia, with a combined 87% share of total imports. Austria, Lithuania, Hungary, the Czech Republic and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +8.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Poland ($X), Russia ($X) and Germany ($X) were the largest acetone suppliers to Slovakia, with a combined 82% share of total imports.

Among the main suppliers, Poland, with a CAGR of +3.7%, 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

The average acetone import price stood at $X per ton in 2021, rising by 27% against the previous year. In general, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 68%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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