Slovakia: Bituminous Mixtures Market 2024

Bituminous Mixtures Market Size in Slovakia

The Slovak bituminous mixtures market expanded significantly to $X in 2021, rising by 15% against the previous year. In general, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.9% against 2019 indices. Bituminous mixtures consumption peaked in 2021 and is expected to retain growth in the near future.

Bituminous Mixtures Production in Slovakia

In value terms, bituminous mixtures production soared to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by 41% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bituminous Mixtures Exports

Exports from Slovakia

In 2021, after six years of decline, there was significant growth in overseas shipments of bituminous mixtures, when their volume increased by 26% to X tons. Over the period under review, exports posted a mild expansion. The growth pace was the most rapid in 2013 with an increase of 109%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, bituminous mixtures exports soared to $X in 2021. In general, exports, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 158%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for bituminous mixtures exports from Slovakia, accounting for a approx. 98% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic totaled +1.5%.

In value terms, the Czech Republic ($X) also remains the key foreign market for bituminous mixtures exports from Slovakia.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic stood at -2.7%.

Export Prices by Country

The average bituminous mixtures export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 an increase of 37%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2021, the rate of growth in terms of prices for the Czech Republic amounted to -4.2% per year.

Bituminous Mixtures Imports

Imports into Slovakia

In 2021, supplies from abroad of bituminous mixtures decreased by -16.8% to X tons, falling for the second consecutive year after four years of growth. Overall, imports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 67% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, bituminous mixtures imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by 96%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest bituminous mixtures supplier to Slovakia, with a 61% share of total imports. Moreover, bituminous mixtures imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+33.8% per year) and the United States (+79.0% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of bituminous mixtures to Slovakia, comprising 47% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+19.9% per year) and the United States (+64.2% per year).

Import Prices by Country

In 2021, the average bituminous mixtures import price amounted to $X per ton, with an increase of 32% against the previous year. Overall, the import price, however, saw a perceptible contraction. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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