Slovakia: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Slovakia

In 2021, the Slovak natural bitumen and asphalt market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption recorded strong growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Natural Bitumen and Asphalt in Slovakia

In value terms, natural bitumen and asphalt production soared to $X in 2021 estimated in export price. Overall, production enjoyed a slight expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by 155% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Slovakia

In 2021, approx. X kg of natural bitumen and asphalt were exported from Slovakia; flattening at the previous year's figure. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2014 with an increase of 563%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, natural bitumen and asphalt exports totaled $X in 2021. Over the period under review, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2014 when exports increased by 522%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X kg) was the main destination for natural bitumen and asphalt exports from Slovakia, with a 67% share of total exports. Moreover, natural bitumen and asphalt exports to Poland exceeded the volume sent to the second major destination, Germany (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland stood at -67.8%.

In value terms, the largest markets for natural bitumen and asphalt exported from Slovakia were Germany ($X) and Poland ($X).

Germany, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average natural bitumen and asphalt export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 16%. 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 stood at a somewhat 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 Poland totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-11.4%).

Imports of Natural Bitumen and Asphalt

Imports into Slovakia

In 2021, imports of natural bitumen and asphalt into Slovakia surged to X tons, rising by 28% on the year before. Over the period under review, imports enjoyed strong growth. The growth pace was the most rapid in 2017 when imports increased by 1,057%. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, natural bitumen and asphalt imports surged to $X in 2021. In general, imports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2014 with an increase of 1,166%. 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) was the main natural bitumen and asphalt supplier to Slovakia, with a 94% share of total imports. Moreover, natural bitumen and asphalt imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Ireland (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-30.9% per year) and France (+55.1% per year).

In value terms, the largest natural bitumen and asphalt suppliers to Slovakia were the Czech Republic ($X), Ireland ($X) and France ($X), together comprising 100% of total imports.

Among the main suppliers, France, with a CAGR of +59.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average natural bitumen and asphalt import price stood at $X per ton in 2021, falling by -2.4% against the previous year. Over the period under review, the import price saw a sharp decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 254%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Ireland ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+63.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :