Slovakia: Non-Rolled Bitumen Products Market 2024

Non-Rolled Bitumen Products Market Size in Slovakia

The Slovak non-rolled bitumen products market surged to $X in 2022, with an increase of 229% against the previous year. In general, consumption showed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Rolled Bitumen Products Production in Slovakia

In value terms, non-rolled bitumen products production amounted to $X in 2022 estimated in export price. Overall, production posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 181% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Non-Rolled Bitumen Products Exports

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of non-rolled bitumen products, when their volume decreased by -25.3% to X tons. In general, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2013 when exports increased by 332%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products exports reduced dramatically to $X in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 324% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for non-rolled bitumen products exports from Slovakia, accounting for a 29% share of total exports. Moreover, non-rolled bitumen products exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-0.7% per year) and Hungary (+5.9% per year).

In value terms, the largest markets for non-rolled bitumen products exported from Slovakia were Germany ($X), the Czech Republic ($X) and Hungary ($X), with a combined 55% share of total exports.

Germany, with a CAGR of +71.8%, saw the highest rates of growth with regard to 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 non-rolled bitumen products export price amounted to $X per ton, growing by 8.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 31%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Rolled Bitumen Products Imports

Imports into Slovakia

Non-rolled bitumen products imports into Slovakia reduced markedly to X tons in 2022, waning by -27.4% on 2021 figures. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 182%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-rolled bitumen products imports reduced remarkably to $X in 2022. In general, imports showed a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 119%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Lithuania (X tons) constituted the largest non-rolled bitumen products supplier to Slovakia, with a 47% share of total imports. Moreover, non-rolled bitumen products imports from Lithuania exceeded the figures recorded by the second-largest supplier, France (X tons), twofold. Poland (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from Lithuania totaled +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+12.6% per year) and Poland (-10.2% per year).

In value terms, France ($X) constituted the largest supplier of non-rolled bitumen products to Slovakia, comprising 66% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 12% share of total imports. It was followed by Poland, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France stood at +19.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+11.4% per year) and Poland (-6.5% per year).

Import Prices by Country

The average non-rolled bitumen products import price stood at $X per ton in 2022, with an increase of 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 43% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Italy ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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