Slovakia: Benzoic Acid Market 2025

Benzoic Acid Market Size in Slovakia

The Slovak benzoic acid market amounted to $X in 2021, with an increase of 8.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a pronounced contraction. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Benzoic Acid Exports

Exports from Slovakia

In 2021, exports of benzoic acid, its salts and esters from Slovakia contracted remarkably to X kg, waning by -69.6% on the previous year. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 2,278%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, benzoic acid exports contracted sharply to $X in 2021. In general, exports showed a dramatic curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 247%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for benzoic acid exports from Slovakia, accounting for a 97% share of total exports. Moreover, benzoic acid exports to the Czech Republic exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic totaled -12.8%.

In value terms, the largest markets for benzoic acid exported from Slovakia were France ($X) and the Czech Republic ($X).

In terms of the main countries of destination, France, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average benzoic acid export price amounted to $X per ton, increasing by 94% against the previous year. In general, the export price, however, faced a deep slump. The growth pace was the most rapid in 2016 when the average export price increased by 134% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Czech Republic stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-7.7%).

Benzoic Acid Imports

Imports into Slovakia

In 2021, benzoic acid imports into Slovakia stood at X tons, therefore, remained relatively stable against the previous year. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when imports increased by 36%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, benzoic acid imports surged to $X in 2021. Overall, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2018 with an increase of 32% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Austria (X tons) were the main suppliers of benzoic acid imports to Slovakia, together comprising 67% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +1,354.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of benzoic acid, its salts and esters to Slovakia, comprising 40% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 17% share of total imports. It was followed by Austria, with a 9.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +74.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+2.2% per year) and Austria (+1,071.1% per year).

Import Prices by Country

In 2021, the average benzoic acid import price amounted to $X per ton, jumping by 17% against the previous year. Overall, the import price, however, saw a abrupt descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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