Slovakia: Ferro-Alloys Market 2024

Ferro-Alloys Market Size in Slovakia

The Slovak ferro-alloys market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption showed temperate growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ferro-Alloys Production in Slovakia

In value terms, ferro-alloys production dropped to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Ferro-alloys production peaked at $X in 2021, and then dropped in the following year.

Ferro-Alloys Exports

Exports from Slovakia

In 2022, approx. X tons of ferro-alloys were exported from Slovakia; reducing by X% on 2021 figures. Over the period under review, exports showed a perceptible contraction. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ferro-alloys exports fell notably to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for ferro-alloys exports from Slovakia, accounting for a X% share of total exports. Moreover, ferro-alloys exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by Austria (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for ferro-alloys exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

Export Prices by Country

In 2022, the average ferro-alloys export price amounted to $X per ton, surging by X% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-alloys export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Alloys Imports

Imports into Slovakia

In 2022, after three years of decline, there was significant growth in purchases abroad of ferro-alloys, when their volume increased by X% to X tons. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, ferro-alloys imports soared to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Poland (X tons) were the main suppliers of ferro-alloys imports to Slovakia, together comprising X% of total imports. Spain, the Czech Republic, Italy, Kazakhstan and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-alloys suppliers to Slovakia were the Netherlands ($X), Germany ($X) and Poland ($X), with a combined X% share of total imports. The Czech Republic, Spain, Italy, Kazakhstan and Ukraine lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-alloys import price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

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

Source: IndexBox Platform

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