Slovakia: Market for Double Or Complex Silicates 2024

Market Size for Double Or Complex Silicates in Slovakia

The Slovak double or complex silicates market reduced sharply to $X in 2021, with a decrease of -54.3% 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). Over the period under review, consumption continues to indicate a sharp curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Exports of Double Or Complex Silicates

Exports from Slovakia

In 2021, the amount of double or complex silicates exported from Slovakia declined remarkably to X kg, with a decrease of -88% compared with the year before. Overall, exports saw a precipitous descent. The pace of growth appeared the most rapid in 2019 with an increase of 183%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, double or complex silicates exports fell rapidly to $X in 2021. Over the period under review, exports saw a sharp contraction. The growth pace was the most rapid in 2019 when exports increased by 203% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X kg) was the main destination for double or complex silicates exports from Slovakia, accounting for a 85% share of total exports. Moreover, double or complex silicates exports to the United States exceeded the volume sent to the second major destination, Poland (X kg), more than tenfold. The Czech Republic (X kg) ranked third in terms of total exports with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-15.5% per year) and the Czech Republic (-17.7% per year).

In value terms, the United States ($X) emerged as the key foreign market for double or complex silicates exports from Slovakia, comprising 89% of total exports. The second position in the ranking was taken by Poland ($X), with an 8.7% share of total exports. It was followed by the Czech Republic, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-12.0% per year) and the Czech Republic (-24.9% per year).

Export Prices by Country

The average double or complex silicates export price stood at $X per ton in 2021, reducing by -6.4% against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, double or complex silicates export price decreased by -10.1% against 2019 indices. The growth pace was the most rapid in 2018 an increase of 61%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($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 Mauritania (+17.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Double Or Complex Silicates

Imports into Slovakia

In 2021, double or complex silicates imports into Slovakia fell notably to X tons, declining by -55.3% against the year before. Over the period under review, imports saw a sharp decrease. The pace of growth appeared the most rapid in 2016 with an increase of 117%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, double or complex silicates imports contracted notably to $X in 2021. Overall, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of 151%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of double or complex silicates imports to Slovakia, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +21.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and Spain ($X) appeared to be the largest double or complex silicates suppliers to Slovakia, together accounting for 78% of total imports. These countries were followed by the Czech Republic, Poland, Belgium and Slovenia, which together accounted for a further 16%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +19.7%, 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

The average double or complex silicates import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 34%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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