Slovakia: Aromatic Hydrocarbon Mixtures Market 2024

Aromatic Hydrocarbon Mixtures Market Size in Slovakia

The Slovak aromatic hydrocarbon mixtures market shrank remarkably to $X in 2022, declining by -18.6% against the previous year. Over the period under review, consumption showed a mild slump. As a result, consumption attained the peak level of $X, and then fell dramatically in the following year.

Aromatic Hydrocarbon Mixtures Production in Slovakia

In value terms, aromatic hydrocarbon mixtures production expanded modestly to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 84%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Aromatic Hydrocarbon Mixtures Exports

Exports from Slovakia

In 2022, exports of naphthalene and other aromatic hydrocarbon mixtures from Slovakia soared to X tons, surging by 21% against 2021 figures. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 25,445% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, aromatic hydrocarbon mixtures exports surged to $X in 2022. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 11,229% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Hungary (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of aromatic hydrocarbon mixtures exports from Slovakia, together comprising 85% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +748.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic hydrocarbon mixtures exported from Slovakia were Hungary ($X), the Netherlands ($X) and Germany ($X), together accounting for 85% of total exports.

Hungary, with a CAGR of +841.0%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average aromatic hydrocarbon mixtures export price amounted to $X per ton, jumping by 41% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 an increase of 73%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Austria ($X per ton) and Hungary ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Hydrocarbon Mixtures Imports

Imports into Slovakia

In 2022, approx. X tons of naphthalene and other aromatic hydrocarbon mixtures were imported into Slovakia; with a decrease of -41.6% on 2021 figures. Overall, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2014 when imports increased by 322% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, aromatic hydrocarbon mixtures imports contracted to $X in 2022. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 437% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest aromatic hydrocarbon mixtures supplier to Slovakia, accounting for a 80% share of total imports. Moreover, aromatic hydrocarbon mixtures imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Belgium (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at +9.7%.

In value terms, the Czech Republic ($X) constituted the largest supplier of naphthalene and other aromatic hydrocarbon mixtures to Slovakia, comprising 76% of total imports. The second position in the ranking was held by Belgium ($X), with a 7.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Czech Republic totaled +8.6%.

Import Prices by Country

In 2022, the average aromatic hydrocarbon mixtures import price amounted to $X per ton, jumping by 58% against the previous year. In general, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Czech Republic totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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