Slovakia: Ether Market 2024

Ether Market Size in Slovakia

The Slovak ether market declined rapidly to $X in 2022, falling by -69.1% against the previous year. Over the period under review, consumption faced a sharp decrease. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ether Production in Slovakia

In value terms, ether production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 614%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Ether Exports

Exports from Slovakia

In 2022, approx. X tons of ethers were exported from Slovakia; rising by 18% on the year before. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 8,359% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ether exports surged to $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 5,190%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for ether exports from Slovakia, with a 80% share of total exports. Moreover, ether exports to Hungary exceeded the volume sent to the second major destination, Spain (X tons), tenfold. The third position in this ranking was held by Germany (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary totaled +43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+53.3% per year) and Germany (+68.7% per year).

In value terms, Hungary ($X) remains the key foreign market for ethers exports from Slovakia, comprising 90% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.7% share of total exports. It was followed by the Czech Republic, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value to Hungary stood at +48.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+56.5% per year) and the Czech Republic (-13.9% per year).

Export Prices by Country

The average ether export price stood at $X per ton in 2022, surging by 25% against the previous year. Over the period under review, the export price recorded measured growth. The most prominent rate of growth was recorded in 2020 an increase of 59% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Italy (+32.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ether Imports

Imports into Slovakia

In 2022, supplies from abroad of ethers decreased by -59.7% to X tons, falling for the third consecutive year after four years of growth. Over the period under review, imports faced a deep reduction. The pace of growth appeared the most rapid in 2014 with an increase of 74% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ether imports fell notably to $X in 2022. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 40% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest ether supplier to Slovakia, with a 35% share of total imports. Moreover, ether imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was held by Saudi Arabia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-31.8% per year) and Saudi Arabia (+8.8% per year).

In value terms, Germany ($X) constituted the largest supplier of ethers to Slovakia, comprising 35% of total imports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total imports. It was followed by the Czech Republic, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+6.6% per year) and the Czech Republic (-3.5% per year).

Import Prices by Country

The average ether import price stood at $X per ton in 2022, picking up by 50% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ether import price increased by +108.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 61%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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