Slovakia: Chlorides Market 2024

Chlorides Market Size in Slovakia

The Slovak chlorides market expanded rapidly to $X in 2021, increasing by 12% 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). In general, consumption, however, continues to indicate a abrupt slump. Chlorides consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Chlorides Exports

Exports from Slovakia

Chlorides exports from Slovakia soared to X tons in 2021, picking up by 102% compared with the previous year's figure. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 529% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, chlorides exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild decline. The most prominent rate of growth was recorded in 2014 when exports increased by 459%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X tons) was the main destination for chlorides exports from Slovakia, with a 65% share of total exports. Moreover, chlorides exports to Austria exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Austria totaled +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+10.5% per year) and Hungary (-13.4% per year).

In value terms, Austria ($X) remains the key foreign market for chlorides (excluding ammonium chloride) exports from Slovakia, comprising 79% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with an 8.9% share of total exports. It was followed by Hungary, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+3.0% per year) and Hungary (-19.9% per year).

Export Prices by Country

The average chlorides export price stood at $X per ton in 2021, growing by 3.6% against the previous year. Overall, the export price, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2019 an increase of 77% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Romania ($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 the UK (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Chlorides Imports

Imports into Slovakia

Chlorides imports into Slovakia amounted to X tons in 2021, surging by 14% against the year before. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 22%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, chlorides imports rose sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2018 with an increase of 27%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons), the Czech Republic (X tons) and Sweden (X tons) were the main suppliers of chlorides imports to Slovakia, together accounting for 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +65.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Germany ($X) were the largest chlorides suppliers to Slovakia, together accounting for 59% of total imports. These countries were followed by France, Poland, Sweden and Austria, which together accounted for a further 21%.

Among the main suppliers, Sweden, with a CAGR of +54.1%, saw 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

In 2021, the average chlorides import price amounted to $X per ton, reducing by -6% against the previous year. In general, the import price, however, recorded a slight increase. The most prominent rate of growth was recorded in 2013 an increase of 121% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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