Slovakia: Aromatic Monoamines Market 2024

Aromatic Monoamines Market Size in Slovakia

The Slovak aromatic monoamines market dropped dramatically to $X in 2021, which is down by -94.3% against the previous year. Overall, consumption saw a dramatic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Aromatic Monoamines Production in Slovakia

In value terms, aromatic monoamines production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 522% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Aromatic Monoamines Exports

Exports from Slovakia

Aromatic monoamines exports from Slovakia shrank to X tons in 2021, declining by -6% against the previous year's figure. Overall, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 2,892%. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, aromatic monoamines exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 3,156% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Turkey (X tons) were the main destinations of aromatic monoamines exports from Slovakia, together accounting for 90% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +51.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for aromatic monoamines exported from Slovakia were Germany ($X), Italy ($X) and Turkey ($X), with a combined 81% share of total exports.

Italy, with a CAGR of +35.7%, recorded the highest growth rate of the value of exports, among 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 2021, the average aromatic monoamines export price amounted to $X per ton, rising by 25% against the previous year. Over the period under review, the export price, however, continues to indicate a drastic downturn. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per ton), while the average price for exports to Germany ($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 France (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Aromatic Monoamines Imports

Imports into Slovakia

After four years of growth, purchases abroad of other aromatic monoamines and their derivatives, salts thereof decreased by -13.7% to X tons in 2021. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 when imports increased by 429% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, aromatic monoamines imports fell remarkably to $X in 2021. Overall, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 409%. Over the period under review, imports reached the peak figure at $X in 2020, and then dropped rapidly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of aromatic monoamines to Slovakia, accounting for a 54% share of total imports. Moreover, aromatic monoamines imports from India exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The UK (X kg) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +37.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+45.7% per year) and the UK (+86.4% per year).

In value terms, India ($X) constituted the largest supplier of other aromatic monoamines and their derivatives, salts thereof to Slovakia, comprising 89% of total imports. The second position in the ranking was held by Germany ($X), with a 6.5% share of total imports. It was followed by the UK, with a 2% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.7% per year) and the UK (+40.8% per year).

Import Prices by Country

The average aromatic monoamines import price stood at $X per ton in 2021, dropping by -22% against the previous year. In general, the import price, however, saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 243% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020, and then contracted significantly in the following year.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while the price for the UK ($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 (+40.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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