Slovakia: Magnesite Market 2024

Magnesite Market Size in Slovakia

The Slovak magnesite market amounted to $X in 2021, growing by 6.2% against the previous year. Over the period under review, consumption, however, saw a perceptible curtailment. Magnesite consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Magnesite Production in Slovakia

In value terms, magnesite production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a dramatic curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 37% against the previous year. Magnesite production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Magnesite Exports

Exports from Slovakia

Magnesite exports from Slovakia skyrocketed to X tons in 2021, rising by 103% against 2020 figures. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 105%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, magnesite exports soared to $X in 2021. Overall, exports showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 96% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Poland (X tons) was the main destination for magnesite exports from Slovakia, with a 81% share of total exports. Moreover, magnesite exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland totaled +65.3%.

In value terms, Poland ($X) remains the key foreign market for magnesite exports from Slovakia, comprising 78% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland stood at +50.9%.

Export Prices by Country

In 2021, the average magnesite export price amounted to $X per ton, with a decrease of -14.8% against the previous year. Overall, the export price recorded a abrupt curtailment. The growth pace was the most rapid in 2018 an increase of 10%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably 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 (-8.3%).

Magnesite Imports

Imports into Slovakia

In 2021, the amount of magnesite imported into Slovakia fell rapidly to X tons, with a decrease of -57.9% compared with the previous year's figure. Over the period under review, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 18,679%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, magnesite imports plummeted to $X in 2021. In general, imports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 4,925%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest magnesite supplier to Slovakia, accounting for a 55% share of total imports. Moreover, magnesite imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +120.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-41.4% per year) and Germany (+12.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of magnesite to Slovakia, comprising 80% of total imports. The second position in the ranking was held by Italy ($X), with an 8.1% share of total imports. It was followed by China, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic stood at +117.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+64.5% per year) and China (-43.2% per year).

Import Prices by Country

In 2021, the average magnesite import price amounted to $X per ton, growing by 75% against the previous year. Over the period under review, the import price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 an increase of 250% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Serbia (+15.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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