Slovakia: Ethyl Acetate Market 2024

Ethyl Acetate Market Size in Slovakia

In 2021, after two years of decline, there was significant growth in the Slovak ethyl acetate market, when its value increased by 41% to $X. The market value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Ethyl Acetate Exports

Exports from Slovakia

In 2021, shipments abroad of ethyl acetate increased by 106% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 139% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, ethyl acetate exports surged to $X in 2021. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and Italy (X tons) were the main destinations of ethyl acetate exports from Slovakia.

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 +34.2%).

In value terms, Poland ($X) emerged as the key foreign market for ethyl acetate exports from Slovakia, comprising 67% of total exports. The second position in the ranking was held by Italy ($X), with a 33% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland totaled +43.1%.

Export Prices by Country

The average ethyl acetate export price stood at $X per ton in 2021, rising by 28% against the previous year. Over the period under review, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethyl acetate export price increased by +59.0% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 40%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Average prices varied noticeably for the major export 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 Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.6%).

Ethyl Acetate Imports

Imports into Slovakia

In 2021, approx. X tons of ethyl acetate were imported into Slovakia; with an increase of 11% on 2020. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 24%. Imports peaked at X tons in 2018; afterwards, it flattened through to 2021.

In value terms, ethyl acetate imports surged to $X in 2021. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Ukraine (X tons) constituted the largest ethyl acetate supplier to Slovakia, accounting for a 88% share of total imports. Moreover, ethyl acetate imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. The third position in this ranking was taken by Poland (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Ukraine amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+24.9% per year) and Poland (+1.0% per year).

In value terms, Ukraine ($X) constituted the largest supplier of ethyl acetate to Slovakia, comprising 89% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 3% share of total imports. It was followed by Poland, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Ukraine amounted to +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+25.5% per year) and Poland (+3.1% per year).

Import Prices by Country

In 2021, the average ethyl acetate import price amounted to $X per ton, surging by 74% against the previous year. In general, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Ukraine ($X per ton) and China ($X per ton), while the price for the Czech Republic ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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