Slovakia: Glass Ampoules Market 2024

Glass Ampoules Market Size in Slovakia

The Slovak glass ampoules market skyrocketed to $X in 2022, jumping by 49% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Glass Ampoules Production in Slovakia

In value terms, glass ampoules production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decline. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Glass Ampoules Exports

Exports from Slovakia

In 2022, the amount of glass ampoules for packing of goods exported from Slovakia dropped dramatically to X units, shrinking by -34.6% compared with the previous year's figure. Over the period under review, exports saw a mild contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 55%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, glass ampoules exports contracted notably to $X in 2022. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2017 when exports increased by 39%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sweden (X units) was the main destination for glass ampoules exports from Slovakia, accounting for a 60% share of total exports. Moreover, glass ampoules exports to Sweden exceeded the volume sent to the second major destination, Hungary (X units), fourfold. Germany (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden totaled +84.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-7.8% per year) and Germany (+5.1% per year).

In value terms, Sweden ($X) remains the key foreign market for glass ampoules for packing of goods exports from Slovakia, comprising 49% of total exports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Sweden stood at +83.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-7.6% per year) and Germany (+4.1% per year).

Export Prices by Country

In 2022, the average glass ampoules export price amounted to $X per thousand units, falling by -11.8% against the previous year. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2020 when the average export price increased by 8.9% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per thousand units), while the average price for exports to Sweden ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Glass Ampoules Imports

Imports into Slovakia

Glass ampoules imports into Slovakia skyrocketed to X units in 2022, jumping by 20% against the previous year's figure. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 121%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, glass ampoules imports fell slightly to $X in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 106%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

Croatia (X units), Turkey (X units) and Hungary (X units) were the main suppliers of glass ampoules imports to Slovakia, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +48.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X), Turkey ($X) and Hungary ($X) were the largest glass ampoules suppliers to Slovakia, with a combined 96% share of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +46.8%, saw the highest growth rate of 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 glass ampoules import price stood at $X per thousand units in 2022, falling by -17.4% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 26%. As a result, import price attained the peak level of $X per thousand units. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 ($X per thousand units), while the price for the Czech Republic ($X per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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