Slovakia: Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds 2024

Market Size for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Slovakia

The Slovak market for organo-sulphur compounds and other organo-inorganic compounds declined remarkably to $X in 2022, which is down by -23.3% against the previous year. Overall, consumption, however, showed a significant expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then reduced notably in the following year.

Production of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in Slovakia

In value terms, production of organo-sulphur compounds and other organo-inorganic compounds stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.8% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 31%. Over the period under review, production of attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Exports from Slovakia

In 2022, overseas shipments of organo-sulphur compounds and other organo-inorganic compounds were finally on the rise to reach X tons after four years of decline. In general, exports, however, saw a perceptible shrinkage. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of organo-sulphur compounds and other organo-inorganic compounds skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports of attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), the Czech Republic (X tons) and Germany (X tons) were the main destinations of exports of organo-sulphur compounds and other organo-inorganic compounds from Slovakia, together comprising 57% of total exports. Romania, Russia, Latvia, Hungary, Croatia, Denmark, Spain, Serbia, Italy and India lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +354.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and Romania ($X) were the largest markets for organo-sulphur compounds and other organo-inorganic compounds exported from Slovakia worldwide, together accounting for 61% of total exports. The Czech Republic, Russia, Latvia, Hungary, Denmark, Spain, Serbia, Croatia, Italy and India lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Croatia, with a CAGR of +97.2%, recorded the highest growth rate of the value of exports, 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 export price for organo-sulphur compounds and other organo-inorganic compounds amounted to $X per ton, with a decrease of -38% against the previous year. In general, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 53%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Croatia ($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 India (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Organo-Sulphur Compounds And Other Organo-Inorganic Compounds

Imports into Slovakia

In 2022, overseas purchases of organo-sulphur compounds and other organo-inorganic compounds increased by 9.6% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +9.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 37% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of organo-sulphur compounds and other organo-inorganic compounds surged to $X in 2022. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Germany (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of imports of organo-sulphur compounds and other organo-inorganic compounds to Slovakia, together accounting for 72% of total imports. Belgium, India, Italy, France and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +78.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Italy ($X) appeared to be the largest organo-sulphur compounds and other organo-inorganic compounds suppliers to Slovakia, with a combined 78% share of total imports. India, the Czech Republic, the United States, Belgium and France lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, India, with a CAGR of +77.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for organo-sulphur compounds and other organo-inorganic compounds stood at $X per ton in 2022, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 an increase of 13%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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