Slovakia: Aluminium Hydroxide Market 2024

Aluminium Hydroxide Market Size in Slovakia

The Slovak aluminium hydroxide market contracted to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Aluminium Hydroxide Production in Slovakia

In value terms, aluminium hydroxide production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 35%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Aluminium Hydroxide Exports

Exports from Slovakia

In 2020, aluminium hydroxide exports from Slovakia reduced markedly to X kg, with a decrease of -97.9% compared with the previous year. Over the period under review, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2016 with an increase of 206,935% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2020, the growth of the exports failed to regain momentum.

In value terms, aluminium hydroxide exports shrank markedly to $X in 2020. Overall, exports saw a sharp decrease. The growth pace was the most rapid in 2016 when exports increased by 110,629% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2020, the exports remained at a lower figure.

Exports by Country

Japan (X kg) was the main destination for aluminium hydroxide exports from Slovakia, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual growth rate of volume to Japan was relatively modest.

In value terms, Japan ($X) emerged as the key foreign market for aluminium hydroxide exports from Slovakia.

From 2012 to 2020, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

The average aluminium hydroxide export price stood at $X per ton in 2020, with an increase of 7.9% against the previous year. In general, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 268%. Over the period under review, the average export prices hit record highs in 2020 and is likely to continue growth in the immediate term.

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

From 2012 to 2020, the rate of growth in terms of prices for France amounted to +23.3% per year.

Aluminium Hydroxide Imports

Imports into Slovakia

In 2022, the amount of aluminium hydroxide imported into Slovakia reduced to X tons, waning by -5.8% compared with 2021 figures. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +11.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, aluminium hydroxide imports expanded markedly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.3% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Hungary (X tons) constituted the largest aluminium hydroxide supplier to Slovakia, with a 77% share of total imports. Moreover, aluminium hydroxide imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Hungary totaled +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+37.1% per year) and the Netherlands (+43.8% per year).

In value terms, Hungary ($X) constituted the largest supplier of aluminium hydroxide to Slovakia, comprising 58% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 27% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from Hungary amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+54.7% per year) and the Netherlands (+46.9% per year).

Import Prices by Country

The average aluminium hydroxide import price stood at $X per ton in 2022, picking up by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2014 an increase of 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Hungary ($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 Czech Republic (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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