Slovakia: Amine-Function Compounds Market 2024

Amine-Function Compounds Market Size in Slovakia

After two years of decline, the Slovak amine-function compounds market increased by 110% to $X in 2021. In general, the total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Amine-Function Compounds Production in Slovakia

In value terms, amine-function compounds production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 98%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Amine-Function Compounds Exports

Exports from Slovakia

In 2021, overseas shipments of amine-function compounds were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 53%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, amine-function compounds exports surged to $X in 2021. Over the period under review, exports, however, saw a noticeable reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Czech Republic (X tons) and Turkey (X tons) were the main destinations of amine-function compounds exports from Slovakia, together accounting for 49% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +18.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for amine-function compounds exported from Slovakia were Germany ($X), Turkey ($X) and Russia ($X), together comprising 46% of total exports. These countries were followed by the Czech Republic, Poland, Italy, Hungary, Brazil, Romania and Latvia, which together accounted for a further 39%.

Hungary, with a CAGR of +16.0%, recorded the highest growth rate of the value of exports, in terms of 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 amine-function compounds export price stood at $X per ton in 2021, increasing by 47% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Italy ($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 Latvia (+97.9%), while the prices for the other major destinations experienced more modest paces of growth.

Amine-Function Compounds Imports

Imports into Slovakia

In 2021, purchases abroad of amine-function compounds increased by 77% to X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, amine-function compounds imports surged to $X in 2021. Over the period under review, imports saw a slight expansion. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), the Netherlands (X tons) and the UK (X tons) were the main suppliers of amine-function compounds imports to Slovakia, with a combined 72% share of total imports. These countries were followed by Belgium, France, China, Hungary and Germany, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +87.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), the Netherlands ($X) and Belgium ($X) were the largest amine-function compounds suppliers to Slovakia, with a combined 65% share of total imports. The UK, China, France, Germany and Hungary lagged somewhat behind, together accounting for a further 30%.

Among the main suppliers, Hungary, with a CAGR of +81.7%, recorded the highest rates of growth with regard to 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

In 2021, the average amine-function compounds import price amounted to $X per ton, picking up by 45% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :