Slovakia: Biodiesel Market 2025

Biodiesel Market Size in Slovakia

For the fifth consecutive year, the Slovak biodiesel market recorded growth in sales value, which increased by 40% to $X in 2021. Overall, consumption posted a resilient increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in years to come.

Biodiesel Production in Slovakia

In value terms, biodiesel production contracted to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Biodiesel Exports

Exports from Slovakia

In 2021, exports of biodiesel from Slovakia reduced to X tons, which is down by -5.1% on 2020. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 147%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, biodiesel exports soared to $X in 2021. Overall, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 114% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Austria (X tons) and Romania (X tons) were the main destinations of biodiesel exports from Slovakia, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +51.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Austria ($X) and Romania ($X) appeared to be the largest markets for biodiesel exported from Slovakia worldwide, with a combined 100% share of total exports.

Romania, with a CAGR of +80.3%, recorded the highest growth rate of 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 2021, the average biodiesel export price amounted to $X per ton, surging by 60% against the previous year. Over the period under review, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, biodiesel export price increased by +84.3% against 2019 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Romania ($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 Romania (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Biodiesel Imports

Imports into Slovakia

In 2021, the amount of biodiesel imported into Slovakia fell slightly to X tons, remaining stable against the previous year's figure. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 99%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, biodiesel imports soared to $X in 2021. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 86%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Hungary (X tons) constituted the largest supplier of biodiesel to Slovakia, accounting for a 77% share of total imports. Moreover, biodiesel imports from Hungary exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), eightfold. Austria (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Hungary amounted to +17.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+29.7% per year) and Austria (+92.2% per year).

In value terms, Hungary ($X) constituted the largest supplier of biodiesel to Slovakia, comprising 77% of total imports. The second position in the ranking was taken by Bulgaria ($X), with an 8.8% share of total imports. It was followed by Austria, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Hungary amounted to +19.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+45.1% per year) and Austria (+97.5% per year).

Import Prices by Country

The average biodiesel import price stood at $X per ton in 2021, with an increase of 60% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, biodiesel import price increased by +83.6% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Czech Republic ($X per ton) and Poland ($X per ton), while the price for Bulgaria ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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