Slovakia: Market for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium 2024

Market Size for Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Slovakia

The Slovak magnesium hydroxide and peroxide market contracted remarkably to $X in 2022, with a decrease of -16.2% against the previous year. In general, consumption, however, continues to indicate a significant expansion. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Production of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium in Slovakia

In value terms, magnesium hydroxide and peroxide production reduced to $X in 2022 estimated in export price. Overall, production saw a tangible increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 86% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Exports from Slovakia

In 2022, after three years of decline, there was significant growth in shipments abroad of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium, when their volume increased by 76% to X tons. In general, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, magnesium hydroxide and peroxide exports surged to $X in 2022. Overall, exports showed a prominent increase. The pace of growth was the most pronounced in 2013 with an increase of 80%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Denmark (X tons) was the main destination for magnesium hydroxide and peroxide exports from Slovakia, accounting for a 59% share of total exports. Moreover, magnesium hydroxide and peroxide exports to Denmark exceeded the volume sent to the second major destination, Germany (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Denmark amounted to +16.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.2% per year) and the Czech Republic (+18.2% per year).

In value terms, Denmark ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest markets for magnesium hydroxide and peroxide exported from Slovakia worldwide, together accounting for 99% of total exports.

The Czech Republic, with a CAGR of +20.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average magnesium hydroxide and peroxide export price stood at $X per ton in 2022, waning by -3.7% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 15%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Denmark ($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 the Czech Republic (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Hydroxide And Peroxide Of Magnesium, Oxides, Hydroxides And Peroxides Of Strontium Or Barium

Imports into Slovakia

Magnesium hydroxide and peroxide imports into Slovakia shrank dramatically to X tons in 2022, with a decrease of -21.8% compared with 2021. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 926% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, magnesium hydroxide and peroxide imports fell dramatically to $X in 2022. In general, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 341%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) was the main supplier of magnesium hydroxide and peroxide to Slovakia, with a 93% share of total imports. Moreover, magnesium hydroxide and peroxide imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +14.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-13.7% per year) and the Czech Republic (+80.6% per year).

In value terms, Germany ($X) constituted the largest supplier of hydroxide and peroxide of magnesium, oxides, hydroxides and peroxides of strontium or barium to Slovakia, comprising 87% of total imports. The second position in the ranking was taken by the UK ($X), with an 8.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-8.5% per year) and the Czech Republic (+59.4% per year).

Import Prices by Country

In 2022, the average magnesium hydroxide and peroxide import price amounted to $X per ton, shrinking by -3% against the previous year. Over the period under review, the import price showed a mild curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 71% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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