Slovakia: Market for Extruded Solid Rubber Rods And Profiles 2024

Market Size for Extruded Solid Rubber Rods And Profiles in Slovakia

In 2022, the Slovak extruded solid rubber rod market increased by 69% to $X, rising for the second year in a row after four years of decline. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +132.9% against 2020 indices. Extruded solid rubber rod consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Extruded Solid Rubber Rods And Profiles in Slovakia

In value terms, extruded solid rubber rod production soared to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +82.8% against 2020 indices. Extruded solid rubber rod production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Extruded Solid Rubber Rods And Profiles

Exports from Slovakia

Extruded solid rubber rod exports from Slovakia shrank remarkably to X tons in 2022, declining by -23.1% compared with the previous year's figure. In general, exports saw a slight setback. The pace of growth appeared the most rapid in 2016 with an increase of 29%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, extruded solid rubber rod exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 37%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for extruded solid rubber rod exports from Slovakia, with a 66% share of total exports. Moreover, extruded solid rubber rod exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), sevenfold. The third position in this ranking was taken by Poland (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-10.9% per year) and Poland (+2.2% per year).

In value terms, Germany ($X) remains the key foreign market for extruded solid rubber rods and profiles exports from Slovakia, comprising 73% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 7% share of total exports. It was followed by Poland, with a 5.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-13.6% per year) and Poland (+2.6% per year).

Export Prices by Country

In 2022, the average extruded solid rubber rod export price amounted to $X per ton, picking up by 16% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Hungary ($X per ton), while the average price for exports to Poland ($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 Hungary (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extruded Solid Rubber Rods And Profiles

Imports into Slovakia

In 2022, after two years of growth, there was decline in purchases abroad of extruded solid rubber rods and profiles, when their volume decreased by -4.9% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, extruded solid rubber rod imports shrank slightly to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 42%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

Turkey (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of extruded solid rubber rod imports to Slovakia, with a combined 84% share of total imports. Poland, Slovenia, India, Austria and Italy lagged somewhat behind, together accounting for a further 7.5%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +155.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and the Czech Republic ($X) constituted the largest extruded solid rubber rod suppliers to Slovakia, together accounting for 74% of total imports. Poland, Austria, Slovenia, India and Italy lagged somewhat behind, together accounting for a further 11%.

In terms of the main suppliers, India, with a CAGR of +158.1%, saw the highest rates of growth with regard to 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 extruded solid rubber rod import price stood at $X per ton in 2022, surging by 1.7% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, extruded solid rubber rod import price decreased by -9.2% against 2020 indices. The growth pace was the most rapid in 2017 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 Austria ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :