Slovakia: Market for Inorganic Oxygen Compounds Of Non-Metals 2024

Market Size for Inorganic Oxygen Compounds Of Non-Metals in Slovakia

After three years of growth, the Slovak market for inorganic oxygen compounds of non-metals decreased by -16.5% to $X in 2021. In general, consumption, however, continues to indicate strong growth. Over the period under review, the market hit record highs at $X in 2020, and then shrank remarkably in the following year.

Production of Inorganic Oxygen Compounds Of Non-Metals in Slovakia

In value terms, inorganic oxygen compounds of non-metals production fell significantly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2013 when the production volume increased by 80% against the previous year. Inorganic oxygen compounds of non-metals production peaked at $X in 2020, and then contracted significantly in the following year.

Exports of Inorganic Oxygen Compounds Of Non-Metals

Exports from Slovakia

In 2021, shipments abroad of inorganic oxygen compounds of non-metals increased by 106% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 35,045%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of 16,007% against the previous year. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons) was the main destination for inorganic oxygen compounds of non-metals exports from Slovakia, with a 91% share of total exports. Moreover, inorganic oxygen compounds of non-metals exports to Canada exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Canada stood at +102.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and the Czech Republic (+58.9% per year).

In value terms, Canada ($X) remains the key foreign market for inorganic oxygen compounds of non-metals exports from Slovakia, comprising 88% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 4.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (0.0% per year) and the Czech Republic (+25.4% per year).

Export Prices by Country

In 2021, the average export price for inorganic oxygen compounds of non-metals amounted to $X per ton, dropping by -7.4% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Inorganic Oxygen Compounds Of Non-Metals

Imports into Slovakia

In 2021, the amount of inorganic oxygen compounds of non-metals imported into Slovakia soared to X tons, with an increase of 22% compared with 2020. Overall, imports, however, recorded a pronounced reduction. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, inorganic oxygen compounds of non-metals imports soared to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.0% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Hungary (X tons), the Czech Republic (X tons) and Croatia (X tons) were the main suppliers of inorganic oxygen compounds of non-metals imports to Slovakia, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +17.2%), while purchases for the other leaders experienced a decline.

In value terms, the largest inorganic oxygen compounds of non-metals suppliers to Slovakia were Hungary ($X), the Czech Republic ($X) and Germany ($X), together accounting for 78% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +13.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for inorganic oxygen compounds of non-metals amounted to $X per ton, picking up by 25% against the previous year. Overall, the import price showed a prominent increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 42%. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 Germany ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :