Slovakia: Natural Polymers Market 2024

Natural Polymers Market Size in Slovakia

In 2021, the Slovak natural polymers market increased by 32% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted strong growth. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Natural Polymers Exports

Exports from Slovakia

In 2021, the amount of natural and modified natural polymers in primary forms exported from Slovakia shrank rapidly to X tons, which is down by -28.9% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 104% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then dropped remarkably in the following year.

In value terms, natural polymers exports soared to $X in 2021. In general, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 with an increase of 121%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for natural polymers exports from Slovakia, with a 69% share of total exports. Moreover, natural polymers exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), sixfold. Hungary (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-10.2% per year) and Hungary (+5.5% per year).

In value terms, Germany ($X) emerged as the key foreign market for natural and modified natural polymers in primary forms exports from Slovakia, comprising 54% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total exports. It was followed by the Czech Republic, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -6.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+259.8% per year) and the Czech Republic (-1.7% per year).

Export Prices by Country

In 2021, the average natural polymers export price amounted to $X per ton, with an increase of 64% against the previous year. Overall, the export price, however, saw a perceptible decline. The growth pace was the most rapid in 2016 when the average export price increased by 214%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the Czech Republic ($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 Croatia (+94.8%), while the prices for the other major destinations experienced mixed trend patterns.

Natural Polymers Imports

Imports into Slovakia

In 2021, overseas purchases of natural and modified natural polymers in primary forms increased by 21% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 117%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, natural polymers imports soared to $X in 2021. In general, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 187% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Austria (X tons) were the main suppliers of natural polymers imports to Slovakia, with a combined 87% share of total imports. Denmark, the Netherlands and Italy lagged somewhat behind, together accounting for a further 8%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +95.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of natural and modified natural polymers in primary forms to Slovakia, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 21% share of total imports. It was followed by Austria, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +51.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+30.0% per year) and Austria (+40.4% per year).

Import Prices by Country

In 2021, the average natural polymers import price amounted to $X per ton, growing by 21% against the previous year. Over the period under review, the import price showed a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 140% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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