Slovakia: Alcohols Market 2021

Alcohols Market Size in Slovakia

The Slovak alcohols market contracted remarkably to $X in 2020, dropping by -X% against the previous year. In general, consumption showed a deep downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Over the period under review, the market attained the peak level at $X in 2008; however, from 2009 to 2020, consumption remained at a lower figure.

Alcohols Production in Slovakia

In value terms, alcohols production dropped slightly to $X in 2020 estimated in export prices. Overall, production, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2011 when the production volume increased by X% y-o-y. Alcohols production peaked at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

Alcohols Exports

Exports from Slovakia

In 2020, approx. X tons of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives were exported from Slovakia; rising by X% compared with 2019. Overall, total exports indicated a noticeable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, exports attained the peak figure at X tons in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

In value terms, alcohols exports declined to $X in 2020. In general, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for alcohols exports from Slovakia, accounting for a X% share of total exports. Moreover, alcohols exports to Hungary exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Hungary totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and the Czech Republic (-X% per year).

In value terms, Hungary ($X) remains the key foreign market for alcohols exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value to Hungary amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-X% per year) and the Czech Republic (-X% per year).

Export Prices by Country

In 2020, the average alcohols export price amounted to $X per ton, reducing by -X% against the previous year. Overall, the export price recorded a abrupt decline. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average export prices hit record highs at $X per ton in 2007; however, from 2008 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced a decline.

Alcohols Imports

Imports into Slovakia

In 2020, imports of alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives into Slovakia dropped to X tons, reducing by -X% on the previous year's figure. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2011 when imports increased by X% y-o-y. Imports peaked at X tons in 2008; however, from 2009 to 2020, imports failed to regain the momentum.

In value terms, alcohols imports declined to $X in 2020. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. Imports peaked at $X in 2008; however, from 2009 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Russia (X tons) constituted the largest supplier of alcohols to Slovakia, with a X% share of total imports. Moreover, alcohols imports from Russia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Russia stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+X% per year) and Germany (+X% per year).

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

Poland saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average alcohols import price stood at $X per ton in 2020, with a decrease of -X% against the previous year. Overall, import price indicated a slight expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, alcohols import price decreased by -X% against 2018 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. from 2019 to 2020, the growth in terms of the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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