Slovakia: Carbonate Market 2024

Carbonate Market Size in Slovakia

In 2021, the Slovak carbonate market decreased by -14.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Carbonate Exports

Exports from Slovakia

In 2021, exports of carbonates and peroxocarbonates from Slovakia dropped dramatically to X tons, waning by -48.5% against 2020. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2013 with an increase of 87% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, carbonate exports fell markedly to $X in 2021. Overall, exports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2013 with an increase of 186%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for carbonate exports from Slovakia, with a 51% share of total exports. Moreover, carbonate exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), threefold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to -10.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+31.8% per year) and Poland (+48.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for carbonates and peroxocarbonates exports from Slovakia, comprising 47% of total exports. The second position in the ranking was taken by Hungary ($X), with a 20% share of total exports. It was followed by Poland, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+25.6% per year) and Poland (+38.4% per year).

Export Prices by Country

In 2021, the average carbonate export price amounted to $X per ton, picking up by 2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, 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 Italy ($X per ton), while the average price for exports to Germany ($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 Italy (+48.1%), while the prices for the other major destinations experienced more modest paces of growth.

Carbonate Imports

Imports into Slovakia

In 2021, supplies from abroad of carbonates and peroxocarbonates decreased by -24.3% to X tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 93%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, carbonate imports fell to $X in 2021. Over the period under review, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 52%. Over the period under review, imports reached the maximum at $X in 2020, and then fell in the following year.

Imports by Country

Poland (X tons), Bosnia and Herzegovina (X tons) and France (X tons) were the main suppliers of carbonate imports to Slovakia, with a combined 84% share of total imports. Belgium, the Czech Republic and Germany lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +65.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X), France ($X) and Poland ($X) appeared to be the largest carbonate suppliers to Slovakia, with a combined 71% share of total imports. These countries were followed by Belgium, Germany and the Czech Republic, which together accounted for a further 21%.

In terms of the main suppliers, Belgium, with a CAGR of +64.2%, recorded the highest growth rate of 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 carbonate import price stood at $X per ton in 2021, picking up by 19% against the previous year. Overall, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 Romania (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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