Slovakia: Market for Glycosides And Vegetable Alkaloids 2024

Market Size for Glycosides And Vegetable Alkaloids in Slovakia

In 2021, the Slovak glycosides and vegetable alkaloids market increased by 89% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption, however, saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Glycosides And Vegetable Alkaloids in Slovakia

In value terms, glycosides and vegetable alkaloids production surged to $X in 2021 estimated in export price. In general, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 265% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Exports of Glycosides And Vegetable Alkaloids

Exports from Slovakia

In 2021, approx. X tons of glycosides and vegetable alkaloids were exported from Slovakia; declining by -4.3% on 2020. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 232% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, glycosides and vegetable alkaloids exports skyrocketed to $X in 2021. Overall, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 93%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Ireland (X tons) were the main destinations of glycosides and vegetable alkaloids exports from Slovakia, together accounting for 57% of total exports. Hungary, Poland, the UK, Turkey, the Netherlands, Austria, Romania and France lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +176.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for glycosides and vegetable alkaloids exports from Slovakia, comprising 18% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.3% share of total exports. It was followed by the Czech Republic, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +125.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+115.4% per year) and the Czech Republic (+18.5% per year).

Export Prices by Country

In 2021, the average glycosides and vegetable alkaloids export price amounted to $X per ton, picking up by 27% against the previous year. Overall, the export price, however, faced a abrupt decline. The growth pace was the most rapid in 2020 when the average export price increased by 58%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Turkey ($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 Romania (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Glycosides And Vegetable Alkaloids

Imports into Slovakia

In 2021, supplies from abroad of glycosides and vegetable alkaloids was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by 71% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, glycosides and vegetable alkaloids imports stood at $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 74%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of glycosides and vegetable alkaloids imports to Slovakia, together accounting for 51% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +291.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Spain ($X) constituted the largest glycosides and vegetable alkaloids suppliers to Slovakia, together accounting for 72% of total imports.

The Netherlands, with a CAGR of +292.0%, saw the highest growth rate of 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

In 2021, the average glycosides and vegetable alkaloids import price amounted to $X per ton, with a decrease of -5.6% against the previous year. Overall, the import price, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 94% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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