Slovakia: Market for Compounds With Other Nitrogen Function (Excluding Isocyanates) 2024

Market Size for Compounds With Other Nitrogen Function (Excluding Isocyanates) in Slovakia

The Slovak market for compounds with other nitrogen function (excluding isocyanates) was finally on the rise to reach $X in 2022, after three years of decline. In general, consumption, however, continues to indicate a abrupt decrease. Compounds with other nitrogen function consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Compounds With Other Nitrogen Function (Excluding Isocyanates) in Slovakia

In value terms, compounds with other nitrogen function production reduced to $X in 2022 estimated in export price. In general, production, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 1,883% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Exports from Slovakia

In 2022, overseas shipments of compounds with other nitrogen function (excluding isocyanates) increased by 252% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 489% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, compounds with other nitrogen function exports soared to $X in 2022. Overall, exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when exports increased by 692%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for compounds with other nitrogen function exports from Slovakia, with a 39% share of total exports. Moreover, compounds with other nitrogen function exports to Hungary exceeded the volume sent to the second major destination, Ukraine (X kg), twofold. The third position in this ranking was taken by France (X kg), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at +76.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+7.8% per year) and France (+197.3% per year).

In value terms, Hungary ($X) remains the key foreign market for compounds with other nitrogen function (excluding isocyanates) exports from Slovakia, comprising 26% of total exports. The second position in the ranking was taken by France ($X), with an 8.6% share of total exports. It was followed by Italy, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary totaled +22.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+24.7% per year) and Italy (+18.5% per year).

Export Prices by Country

In 2022, the average export price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, shrinking by -63.9% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 175%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, 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 the Czech Republic ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-5.0%), while the prices for the other major destinations experienced a decline.

Imports of Compounds With Other Nitrogen Function (Excluding Isocyanates)

Imports into Slovakia

Compounds with other nitrogen function imports into Slovakia totaled X tons in 2022, surging by 9.6% compared with the previous year's figure. Over the period under review, imports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by 137%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, compounds with other nitrogen function imports dropped markedly to $X in 2022. Overall, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2013 with an increase of 237% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest compounds with other nitrogen function supplier to Slovakia, with a 73% share of total imports. Moreover, compounds with other nitrogen function imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), eightfold. Hungary (X tons) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.9% per year) and Hungary (+19.7% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of compounds with other nitrogen function (excluding isocyanates) to Slovakia, comprising 59% of total imports. The second position in the ranking was held by Poland ($X), with a 9.3% share of total imports. It was followed by China, with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled +19.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.4% per year) and China (-10.0% per year).

Import Prices by Country

In 2022, the average import price for compounds with other nitrogen function (excluding isocyanates) amounted to $X per ton, reducing by -25.2% against the previous year. Overall, the import price saw a pronounced decline. The growth pace was the most rapid in 2014 an increase of 56% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Poland ($X per ton), while the price for the Czech Republic ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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