Slovakia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Slovakia

The Slovak other chemical products market reached $X in 2022, with an increase of 2.3% against the previous year. Over the period under review, consumption, however, recorded a drastic downturn. Other chemical products consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Other Chemical Products Production in Slovakia

In value terms, other chemical products production rose to $X in 2022 estimated in export price. In general, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 44% against the previous year. Other chemical products production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Other Chemical Products Exports

Exports from Slovakia

For the fourth consecutive year, Slovakia recorded decline in overseas shipments of other chemical products, which decreased by -3.3% to X tons in 2016. Overall, exports saw a abrupt descent. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2016, the exports failed to regain momentum.

In value terms, other chemical products exports stood at $X in 2016. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 5%. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), France (X tons) and Poland (X tons) were the main destinations of other chemical products exports from Slovakia, together comprising 66% of total exports. The Czech Republic, Italy, Romania, Ukraine and Austria lagged somewhat behind, together comprising a further 24%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +150.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Slovakia were France ($X), Germany ($X) and Poland ($X), together accounting for 61% of total exports. Italy, the Czech Republic, Austria, Ukraine and Romania lagged somewhat behind, together accounting for a further 22%.

Ukraine, with a CAGR of +98.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average other chemical products export price stood at $X per ton in 2016, with an increase of 6.8% against the previous year. In general, export price indicated a prominent increase from 2012 to 2016: its price increased at an average annual rate of +10.6% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, other chemical products export price increased by +49.9% against 2012 indices. The pace of growth was the most pronounced in 2014 an increase of 17%. The export price peaked in 2016 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2016, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Slovakia

After two years of decline, supplies from abroad of other chemical products increased by 15% to X tons in 2016. Overall, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2016, imports remained at a lower figure.

In value terms, other chemical products imports soared to $X in 2016. In general, imports, however, continue to indicate a mild descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2016, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), France (X tons) and the Czech Republic (X tons) were the main suppliers of other chemical products imports to Slovakia, together comprising 59% of total imports. Austria, China, Italy, Spain, Poland, the Netherlands, Belgium, Hungary, Malaysia and South Korea lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +87.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of other chemical products to Slovakia, comprising 25% of total imports. The second position in the ranking was held by France ($X), with an 8.7% share of total imports. It was followed by Malaysia, with an 8.6% share.

From 2012 to 2016, the average annual growth rate of value from Germany totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+33.8% per year) and Malaysia (+3.3% per year).

Import Prices by Country

The average other chemical products import price stood at $X per ton in 2016, with an increase of 3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 5.9%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; afterwards, it flattened through to 2016.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Italy (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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