Slovakia: Market for Asphalt or Bitumen Articles 2024

Market Size for Asphalt or Bitumen Articles in Slovakia

The Slovak asphalt or bitumen article market skyrocketed to $X in 2022, rising by 90% against the previous year. Overall, consumption saw resilient growth. Asphalt or bitumen article consumption peaked in 2022 and is likely to continue growth in the near future.

Production of Asphalt or Bitumen Articles in Slovakia

In value terms, asphalt or bitumen article production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Asphalt or Bitumen Articles

Exports from Slovakia

In 2022, overseas shipments of asphalt or bitumen articles decreased by -25.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, recorded a temperate expansion. The pace of growth was the most pronounced in 2013 with an increase of 223% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, asphalt or bitumen article exports dropped rapidly to $X in 2022. Overall, exports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2013 when exports increased by 224%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for asphalt or bitumen article exports from Slovakia, accounting for a 29% share of total exports. Moreover, asphalt or bitumen article exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-2.0% per year) and Hungary (-0.7% per year).

In value terms, the largest markets for asphalt or bitumen article exported from Slovakia were Germany ($X), the Czech Republic ($X) and Hungary ($X), with a combined 57% share of total exports. Romania, the Netherlands, the UK, Poland, Belgium and Austria lagged somewhat behind, together comprising a further 28%.

The Netherlands, with a CAGR of +56.4%, recorded the highest rates of growth with regard to 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

In 2022, the average asphalt or bitumen article export price amounted to $X per ton, surging by 9.2% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Asphalt or Bitumen Articles

Imports into Slovakia

In 2022, overseas purchases of asphalt or bitumen articles increased by 35% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 70%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, asphalt or bitumen article imports skyrocketed to $X in 2022. Overall, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.1% 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 +85.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of asphalt or bitumen article to Slovakia, accounting for a 26% share of total imports. Moreover, asphalt or bitumen article imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Russia (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+0.1% per year) and Hungary (+10.8% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of asphalt or bitumen articles to Slovakia, comprising 22% of total imports. The second position in the ranking was taken by Italy ($X), with a 9% share of total imports. It was followed by Russia, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+8.9% per year) and Russia (+2.2% per year).

Import Prices by Country

In 2022, the average asphalt or bitumen article import price amounted to $X per ton, surging by 16% against the previous year. In general, the import price, however, saw a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of 19% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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