Slovakia: Aromatic Hydrocarbons Derivatives Market 2024

Aromatic Hydrocarbons Derivatives Market Size in Slovakia

The Slovak aromatic hydrocarbons derivatives market totaled $X in 2021, with an increase of 14% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -11.5% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Aromatic Hydrocarbons Derivatives Production in Slovakia

In value terms, aromatic hydrocarbons derivatives production expanded significantly to $X in 2021 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -11.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 76%. Aromatic hydrocarbons derivatives production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Aromatic Hydrocarbons Derivatives Exports

Exports from Slovakia

In 2021, after two years of decline, there was decline in overseas shipments of halogenated derivatives of aromatic hydrocarbons, when their volume decreased by 0% to X kg. Overall, exports saw a precipitous slump. The smallest decline of 99.9% was in 2019. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, aromatic hydrocarbons derivatives exports stood at $X in 2021. In general, exports showed a tangible expansion. The smallest decline of 99.9% was in 2019. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The UK (X kg) was the main destination for aromatic hydrocarbons derivatives exports from Slovakia, accounting for a 43% share of total exports. Moreover, aromatic hydrocarbons derivatives exports to the UK exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold. The third position in this ranking was taken by Poland (X kg), with a 9.6% share.

From 2015 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-39.5% per year) and Poland (0.0% per year).

It was followed by Taiwan (Chinese), with a 1.9% share.

From 2015 to 2021, the average annual growth rate of value to the UK amounted to +54.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-35.3% per year) and Taiwan (Chinese) (+5.8% per year).

Export Prices by Country

The average aromatic hydrocarbons derivatives export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price enjoyed a significant increase. The most prominent rate of growth was recorded in 2019 when the average export price decreased by 99.9%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+21.6%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbons Derivatives Imports

Imports into Slovakia

In 2021, purchases abroad of halogenated derivatives of aromatic hydrocarbons decreased by -2% to X tons, falling for the second year in a row after five years of growth. Over the period under review, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 when imports increased by 343%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, aromatic hydrocarbons derivatives imports rose modestly to $X in 2021. Overall, imports, however, recorded perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 100% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and China (X kg) were the main suppliers of aromatic hydrocarbons derivatives imports to Slovakia, together comprising 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +116.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest aromatic hydrocarbons derivatives suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and China ($X), with a combined 98% share of total imports.

The Czech Republic, with a CAGR of +103.4%, recorded 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 mixed trend patterns.

Import Prices by Country

The average aromatic hydrocarbons derivatives import price stood at $X per ton in 2021, rising by 6.8% against the previous year. Overall, the import price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 296% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while the price for the Czech Republic ($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 (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :