Report Update Nov 1, 2024

Slovakia - Industrial Stearic Acid - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Industrial Stearic Acid Market 2024

Industrial Stearic Acid Market Size in Slovakia

In 2021, after two years of decline, there was significant growth in the Slovak industrial stearic acid market, when its value increased by 43% to $X. In general, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Industrial Stearic Acid Exports

Exports from Slovakia

In 2021, shipments abroad of industrial stearic acid increased by 21% to X tons, rising for the third consecutive year after two years of decline. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 660% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, industrial stearic acid exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 587%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for industrial stearic acid exports from Slovakia, accounting for a 90% share of total exports. Moreover, industrial stearic acid exports to Russia exceeded the volume sent to the second major destination, Germany (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +39.7%.

In value terms, Russia ($X) remains the key foreign market for industrial stearic acid exports from Slovakia, comprising 92% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +51.7%.

Export Prices by Country

The average industrial stearic acid export price stood at $X per ton in 2021, with an increase of 46% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+8.6%), while the prices for the other major destinations experienced mixed trend patterns.

Industrial Stearic Acid Imports

Imports into Slovakia

Industrial stearic acid imports into Slovakia stood at X tons in 2021, rising by 13% against the year before. Overall, total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.6% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 39% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, industrial stearic acid imports surged to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) was the main industrial stearic acid supplier to Slovakia, accounting for a 97% share of total imports. It was followed by the Czech Republic (X tons), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +100.4%.

In value terms, Germany ($X) constituted the largest supplier of industrial stearic acid to Slovakia, comprising 95% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +88.3%.

Import Prices by Country

In 2021, the average industrial stearic acid import price amounted to $X per ton, jumping by 41% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial stearic acid in the world?

The country with the largest volume of industrial stearic acid consumption was China, accounting for 26% of total volume. Moreover, industrial stearic acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with an 11% share.

What are the largest producers of industrial stearic acid in the world?

The countries with the highest volumes of industrial stearic acid production in 2020 were Indonesia, China and the United States, together accounting for 51% of global production.

What are the leading suppliers of industrial stearic acid to Slovakia?

In value terms, Germany constituted the largest supplier of industrial stearic acid to Slovakia, comprising 94% of total imports. The second position in the ranking was occupied by the Netherlands, with a 2.5% share of total imports.

What are the leading importers of industrial stearic acid from Slovakia?

In value terms, Russia remains the key foreign market for industrial stearic acid exports from Slovakia.

What is the average export price for industrial stearic acid in Slovakia?

In 2020, the average industrial stearic acid export price amounted to $929 per ton, reducing by -49.3% against the previous year.

What is the average import price for industrial stearic acid in Slovakia?

The average industrial stearic acid import price stood at $968 per ton in 2020, with an increase of 6.9% against the previous year.

This report provides an in-depth analysis of the industrial stearic acid market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143120 - Industrial stearic acid

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023