Report Update Nov 1, 2024

Slovakia - Benzene - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Benzene Market 2024

Benzene Market Size in Slovakia

The Slovak benzene market surged to $X in 2022, with an increase of 160,661% against the previous year. In general, consumption, however, showed a deep contraction. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Benzene Production in Slovakia

In value terms, benzene production contracted to $X in 2022 estimated in export price. In general, production, however, saw a noticeable contraction. The growth pace was the most rapid in 2017 when the production volume increased by 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Benzene Exports

Exports from Slovakia

In 2022, approx. X tons of benzene were exported from Slovakia; approximately reflecting 2021 figures. Overall, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 87%. As a result, the exports reached the peak of X tons, leveling off in the following year.

In value terms, benzene exports fell to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 132% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for benzene exports from Slovakia, accounting for a 69% share of total exports. Moreover, benzene exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fivefold. The third position in this ranking was held by the Czech Republic (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and the Czech Republic (-9.7% per year).

In value terms, Germany ($X) remains the key foreign market for benzene exports from Slovakia, comprising 70% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-10.7% per year) and Italy (0.0% per year).

Export Prices by Country

The average benzene export price stood at $X per ton in 2022, dropping by -6.9% against the previous year. In general, the export price saw a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, 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 the Czech Republic ($X per ton), while the average price for exports to Italy ($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 Czech Republic (-1.1%), while the prices for the other major destinations experienced a decline.

Benzene Imports

Imports into Slovakia

In 2022, benzene imports into Slovakia declined sharply to X kg, waning by -99.2% compared with 2021. Overall, imports, however, saw a significant expansion. The growth pace was the most rapid in 2018 with an increase of 40,038%. Imports peaked at X tons in 2021, and then declined remarkably in the following year.

In value terms, benzene imports contracted significantly to $X in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 13,369% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, India (X kg) was the main supplier of benzene to Slovakia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +121.1%.

In value terms, India ($X) constituted the largest supplier of benzene to Slovakia.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +83.4%.

Import Prices by Country

The average benzene import price stood at $X per ton in 2022, with an increase of 1,432% against the previous year. In general, the import price, however, continues to indicate a deep contraction. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -17.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for benzene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 39% of global consumption.

What are the largest producers of benzene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 37% of global production.

What are the leading suppliers of benzene to Slovakia?

In value terms, Germany constituted the largest supplier of benzene to Slovakia, comprising 90% of total imports. The second position in the ranking was occupied by the Czech Republic, with a 10% share of total imports.

What are the leading importers of benzene from Slovakia?

In value terms, Germany remains the key foreign market for benzene exports from Slovakia, comprising 82% of total exports. The second position in the ranking was occupied by Poland, with a 14% share of total exports.

What is the average export price for benzene in Slovakia?

In 2021, the average benzene export price amounted to $980 per ton, increasing by 17% against the previous year.

What is the average import price for benzene in Slovakia?

The average benzene import price stood at $9,191 per ton in 2021, dropping by -93.1% against the previous year.

This report provides an in-depth analysis of the benzene market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20141223 - Benzene

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023