Slovakia: Lime Market 2024

Lime Market Size in Slovakia

The Slovak lime market skyrocketed to $X in 2021, picking up by 31% against the previous year. In general, consumption, however, showed a pronounced decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Lime Production in Slovakia

In value terms, lime production surged to $X in 2021 estimated in export price. In general, production, however, saw a mild contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lime Exports

Exports from Slovakia

In 2021, the amount of lime exported from Slovakia soared to X tons, with an increase of 19% compared with the year before. Over the period under review, total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 73%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, lime exports surged to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Poland (X tons) were the main destinations of lime exports from Slovakia, with a combined 87% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for lime exported from Slovakia worldwide, with a combined 81% share of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +10.2%, recorded the highest rates of growth with regard to 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

The average lime export price stood at $X per ton in 2021, increasing by 6.7% against the previous year. Overall, the export price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Lime Imports

Imports into Slovakia

In 2021, supplies from abroad of lime increased by 54% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports posted perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 61%. Over the period under review, imports reached the peak figure in 2021 and are likely to see steady growth in years to come.

In value terms, lime imports skyrocketed to $X in 2021. Overall, imports enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2020 when imports increased by 100% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of lime to Slovakia, with a 54% share of total imports. Moreover, lime imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-6.5% per year) and Austria (+12.3% per year).

In value terms, Italy ($X) constituted the largest supplier of lime to Slovakia, comprising 50% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 24% share of total imports. It was followed by Austria, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-5.1% per year) and Austria (+10.6% per year).

Import Prices by Country

In 2021, the average lime import price amounted to $X per ton, growing by 2.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 25%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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