Slovakia: Market for Glass in The Mass 2024

Market Size for Glass in The Mass in Slovakia

The Slovak glass in the mass market declined modestly to $X in 2022, falling by -2.8% against the previous year. In general, consumption continues to indicate a abrupt descent. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Glass in The Mass in Slovakia

In value terms, glass in the mass production stood at less than $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern.

Exports of Glass in The Mass

Exports from Slovakia

In 2022, overseas shipments of glass in the mass decreased by -6.4% to X tons, falling for the second year in a row after nine years of growth. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 142%. Over the period under review, the glass in mass exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, glass in the mass exports dropped dramatically to $X in 2022. Over the period under review, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of 78%. Over the period under review, the glass in mass exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Hungary (X kg) were the main destinations of glass in the mass exports from Slovakia, with a combined 99% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +69.8%), while the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X) remains the key foreign market for glass in the mass exports from Slovakia, comprising 65% of total exports. The second position in the ranking was taken by Poland ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +38.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+44.8% per year) and Hungary (-71.4% per year).

Export Prices by Country

In 2022, the average glass in the mass export price amounted to $X per ton, waning by -21.4% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 (+30.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Glass in The Mass

Imports into Slovakia

In 2022, the amount of glass in the mass imported into Slovakia dropped dramatically to X tons, shrinking by -96.5% against 2021 figures. Over the period under review, imports showed a dramatic downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, glass in the mass imports reduced rapidly to $X in 2022. In general, imports continue to indicate a sharp decline. The growth pace was the most rapid in 2013 when imports increased by 50%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Hungary (X tons) was the main supplier of glass in the mass to Slovakia, accounting for a 93% share of total imports. Moreover, glass in the mass imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Hungary totaled +52.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-42.9% per year) and Austria (-60.0% per year).

In value terms, Hungary ($X) constituted the largest supplier of glass in the mass to Slovakia, comprising 4.2% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary stood at +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-41.8% per year) and Austria (-58.4% per year).

Import Prices by Country

The average glass in the mass import price stood at $X per ton in 2022, surging by 190% against the previous year. In general, the import price posted a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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