Slovakia: Fluoropolymers Market 2024

Fluoropolymers Market Size in Slovakia

In 2021, the Slovak fluoropolymers market decreased by -95.1% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption saw a sharp curtailment. Fluoropolymers consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Fluoropolymers Production in Slovakia

In value terms, fluoropolymers production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 43% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Fluoropolymers Exports

Exports from Slovakia

In 2021, shipments abroad of fluoropolymers was finally on the rise to reach X tons after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 12,200%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, fluoropolymers exports soared to $X in 2021. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by 9,575% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for fluoropolymers exports from Slovakia, with a 53% share of total exports. Moreover, fluoropolymers exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. Belgium (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+120.9% per year) and Belgium (+155.6% per year).

In value terms, the Netherlands ($X), the United States ($X) and Belgium ($X) were the largest markets for fluoropolymers exported from Slovakia worldwide, with a combined 76% share of total exports.

The Netherlands, with a CAGR of +160.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluoropolymers export price stood at $X per ton in 2021, with an increase of 2.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 32%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Italy ($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 the Netherlands (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into Slovakia

In 2021, imports of fluoropolymers into Slovakia shrank to X tons, with a decrease of -12.2% against the year before. Overall, imports showed a pronounced decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 86% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fluoropolymers imports totaled $X in 2021. In general, imports, however, recorded temperate growth. The pace of growth appeared the most rapid in 2017 when imports increased by 95%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of fluoropolymers imports to Slovakia, with a combined 75% share of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +126.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the United States ($X) appeared to be the largest fluoropolymers suppliers to Slovakia, together accounting for 79% of total imports.

France, with a CAGR of +136.6%, saw the highest rates of growth with regard to the value of imports, in terms of 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 fluoropolymers import price stood at $X per ton in 2021, rising by 14% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluoropolymers import price decreased by -2.1% against 2019 indices. The pace of growth was the most pronounced in 2013 when the average import price increased by 50%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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