Slovakia: Dolomite Market 2024

Dolomite Market Size in Slovakia

The Slovak dolomite market skyrocketed to $X in 2021, rising by 16% against the previous year. Overall, consumption continues to indicate a abrupt contraction. Dolomite consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Dolomite Production in Slovakia

In value terms, dolomite production surged to $X in 2021 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +93.0% against 2018 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Dolomite Exports

Exports from Slovakia

In 2021, shipments abroad of dolomite increased by 33% to X tons, rising for the fourth year in a row after two years of decline. Overall, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +71.5% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of 37%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, dolomite exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.9% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Ukraine (X tons) were the main destinations of dolomite exports from Slovakia, together accounting for 99.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +17.2%), while the other leaders experienced mixed trend patterns.

In value terms, Poland ($X) remains the key foreign market for dolomite exports from Slovakia, comprising 72% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Poland totaled +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-1.5% per year) and Ukraine (-44.8% per year).

Export Prices by Country

The average dolomite export price stood at $X per ton in 2021, picking up by 22% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($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 Ukraine (-1.7%), while the prices for the other major destinations experienced a decline.

Dolomite Imports

Imports into Slovakia

In 2021, purchases abroad of dolomite decreased by -11.7% to X tons, falling for the fourth year in a row after six years of growth. Over the period under review, imports, however, saw significant growth. The growth pace was the most rapid in 2016 with an increase of 832%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, dolomite imports fell rapidly to $X in 2021. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 444% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest dolomite supplier to Slovakia, accounting for a 86% share of total imports. Moreover, dolomite imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +32.3%.

In value terms, Austria ($X) and the Czech Republic ($X) constituted the largest dolomite suppliers to Slovakia.

In terms of the main suppliers, Austria, with a CAGR of +114.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the average dolomite import price amounted to $X per ton, falling by -38.2% against the previous year. In general, the import price showed a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 190% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while the price for the Czech Republic totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+103.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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