Slovakia: Plastic Household Articles Market 2024

Plastic Household Articles Market Size in Slovakia

In 2022, after two years of decline, there was significant growth in the Slovak plastic household articles market, when its value increased by 50% to $X. Overall, consumption, however, recorded a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Plastic Household Articles Production in Slovakia

In value terms, plastic household articles production rose to $X in 2022 estimated in export price. In general, production recorded a perceptible setback. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Plastic Household Articles Exports

Exports from Slovakia

In 2022, the amount of household articles and toilet articles of plastics exported from Slovakia shrank remarkably to X tons, declining by -21.4% on the previous year's figure. In general, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 42% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, plastic household articles exports expanded significantly to $X in 2022. Over the period under review, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.5% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 48%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Hungary (X tons), Austria (X tons) and the Czech Republic (X tons) were the main destinations of plastic household articles exports from Slovakia, with a combined 72% 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 Austria (with a CAGR of +27.7%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Hungary ($X) and the Czech Republic ($X) constituted the largest markets for plastic household articles exported from Slovakia worldwide, together accounting for 64% of total exports. Germany, Poland, Romania and Italy lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Romania, with a CAGR of +37.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average plastic household articles export price amounted to $X per ton, growing by 46% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53%. Over the period under review, the average export prices attained the maximum in 2022 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 Romania ($X per ton), while the average price for exports to Hungary ($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 Romania (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Household Articles Imports

Imports into Slovakia

After three years of growth, supplies from abroad of household articles and toilet articles of plastics decreased by -5.7% to X tons in 2022. In general, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.2% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, plastic household articles imports soared to $X in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +101.6% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Poland (X tons), China (X tons) and Germany (X tons) were the main suppliers of plastic household articles imports to Slovakia, with a combined 39% share of total imports. Austria, the Czech Republic, Italy, the Netherlands, Turkey, Bangladesh, Serbia, India, Hungary and Vietnam lagged somewhat behind, together accounting for a further 48%.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +200.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Germany ($X) constituted the largest plastic household articles suppliers to Slovakia, with a combined 46% share of total imports. The Czech Republic, the Netherlands, Italy, Turkey, Austria, Hungary, Vietnam, Serbia, Bangladesh and India lagged somewhat behind, together accounting for a further 37%.

Bangladesh, with a CAGR of +148.0%, recorded 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

In 2022, the average plastic household articles import price amounted to $X per ton, with an increase of 44% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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