Slovakia: Articles Of Zinc Market 2024

Articles Of Zinc Market Size in Slovakia

In 2021, the Slovak articles of zinc market increased by 449% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, faced a deep setback. Articles of zinc consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Articles Of Zinc Production in Slovakia

In value terms, articles of zinc production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a slight decline. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Articles Of Zinc Exports

Exports from Slovakia

In 2021, shipments abroad of articles of zinc was finally on the rise to reach X tons after three years of decline. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2016 with an increase of 67%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, articles of zinc exports skyrocketed to $X in 2021. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for articles of zinc exports from Slovakia, with a 32% share of total exports. Moreover, articles of zinc exports to France exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Italy (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +29.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+38.0% per year) and Italy (+117.6% per year).

In value terms, France ($X) remains the key foreign market for articles of zinc exports from Slovakia, comprising 41% of total exports. The second position in the ranking was taken by Belgium ($X), with a 14% share of total exports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+45.0% per year) and Germany (-7.9% per year).

Export Prices by Country

The average articles of zinc export price stood at $X per ton in 2021, jumping by 21% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Italy ($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 Belgium (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Articles Of Zinc Imports

Imports into Slovakia

In 2021, overseas purchases of articles of zinc were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a mild reduction. The pace of growth appeared the most rapid in 2017 with an increase of 58%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, articles of zinc imports soared to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 53%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Slovenia (X tons) and Germany (X tons) were the main suppliers of articles of zinc imports to Slovakia, with a combined 68% share of total imports. These countries were followed by the Czech Republic, France, Poland, Sweden and China, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +69.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest articles of zinc suppliers to Slovakia were Germany ($X), Italy ($X) and Slovenia ($X), together comprising 58% of total imports. The Czech Republic, Sweden, France, Poland and China lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, Poland, with a CAGR of +70.7%, 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 articles of zinc import price stood at $X per ton in 2021, declining by -10.5% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, articles of zinc import price increased by +86.2% against 2017 indices. The pace of growth was the most pronounced in 2020 an increase of 48%. As a result, import price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for France ($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 (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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