Slovakia: Basic Dye Market 2024

Basic Dye Market Size in Slovakia

After four years of growth, the Slovak basic dye market decreased by -5.8% to $X in 2021. In general, consumption recorded prominent growth. Basic dye consumption peaked at $X in 2020, and then declined in the following year.

Basic Dye Production in Slovakia

In value terms, basic dye production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded strong growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 34% against the previous year. Basic dye production peaked at $X in 2020, and then shrank in the following year.

Basic Dye Exports

Exports from Slovakia

In 2021, shipments abroad of basic dyes and preparations based thereon increased by 57% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, showed a dramatic downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 117%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, basic dye exports soared to $X in 2021. Overall, exports, however, recorded a sharp descent. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for basic dye exports from Slovakia, accounting for a 64% share of total exports. Moreover, basic dye exports to Germany exceeded the volume sent to the second major destination, Belarus (X kg), fourfold. The third position in this ranking was held by Poland (X kg), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (-3.0% per year) and Poland (+18.8% per year).

In value terms, Germany ($X) emerged as the key foreign market for basic dyes and preparations based thereon exports from Slovakia, comprising 62% of total exports. The second position in the ranking was taken by India ($X), with an 11% share of total exports. It was followed by Slovenia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +25.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and Slovenia (-0.8% per year).

Export Prices by Country

The average basic dye export price stood at $X per ton in 2021, jumping by 99% against the previous year. In general, the export price enjoyed a significant increase. The growth pace was the most rapid in 2018 an increase of 213%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Belarus ($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 Germany (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Basic Dye Imports

Imports into Slovakia

In 2021, overseas purchases of basic dyes and preparations based thereon increased by 6.2% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2016 when imports increased by 109%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, basic dye imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 80%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest basic dye supplier to Slovakia, with a 77% share of total imports. Moreover, basic dye imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), sevenfold. The third position in this ranking was held by France (X kg), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+37.2% per year) and France (-2.5% per year).

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) constituted the largest basic dye suppliers to Slovakia, together comprising 92% of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +34.3%, saw 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

The average basic dye import price stood at $X per ton in 2021, increasing by 23% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of 166%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+60.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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