Slovakia: Market for Industrial Monocarboxylic Fatty Acids 2024

Market Size for Industrial Monocarboxylic Fatty Acids in Slovakia

The Slovak industrial monocarboxylic fatty acids market reduced dramatically to $X in 2021, which is down by -20.9% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Slovakia

In value terms, industrial monocarboxylic fatty acids production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 98%. As a result, production attained the peak level of $X, and then shrank dramatically in the following year.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Slovakia

After four years of decline, shipments abroad of industrial monocarboxylic fatty acids increased by 36% to X kg in 2021. In general, exports, however, continue to indicate a sharp decrease. The pace of growth appeared the most rapid in 2015 with an increase of 163% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids exports shrank to $X in 2021. Over the period under review, exports, however, saw a sharp decline. The most prominent rate of growth was recorded in 2016 with an increase of 86% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X kg) was the main destination for industrial monocarboxylic fatty acids exports from Slovakia, accounting for a 77% share of total exports. Moreover, industrial monocarboxylic fatty acids exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume to Poland totaled -41.8%.

In value terms, Poland ($X) remains the key foreign market for industrial monocarboxylic fatty acids exports from Slovakia, comprising 71% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Poland stood at -41.6%.

Export Prices by Country

In 2021, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, declining by -32% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 99% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced dramatically in the following year.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Poland amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Slovakia

In 2021, the amount of industrial monocarboxylic fatty acids imported into Slovakia surged to X tons, jumping by 73% on 2020. Over the period under review, imports, however, showed a abrupt setback. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, industrial monocarboxylic fatty acids imports soared to $X in 2021. In general, imports, however, recorded a pronounced curtailment. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Spain (X tons) and the Czech Republic (X tons) were the main suppliers of industrial monocarboxylic fatty acids imports to Slovakia, together accounting for 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +45.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Netherlands ($X), Spain ($X) and the Czech Republic ($X) were the largest industrial monocarboxylic fatty acids suppliers to Slovakia, with a combined 90% share of total imports.

The Netherlands, with a CAGR of +53.1%, recorded the highest growth rate of 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

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, falling by -2.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; afterwards, it flattened through to 2021.

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 Hungary ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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