Slovakia: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Slovakia

The Slovak synthetic organic colouring matters market declined rapidly to $X in 2022, which is down by -16.7% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Other Synthetic Organic Colouring Matters in Slovakia

In value terms, synthetic organic colouring matters production surged to $X in 2022 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 148%. Over the period under review, production hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Other Synthetic Organic Colouring Matters

Exports from Slovakia

In 2022, shipments abroad of other synthetic organic colouring matters increased by 1.4% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 when exports increased by 181% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, synthetic organic colouring matters exports soared to $X in 2022. Overall, exports posted a perceptible expansion. The growth pace was the most rapid in 2015 when exports increased by 89%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of synthetic organic colouring matters exports from Slovakia, with a combined 73% share of total exports. Belgium, Poland, Ireland, the Netherlands, Switzerland, Russia and Belarus lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +124.5%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), the Czech Republic ($X) and Italy ($X) constituted the largest markets for synthetic organic colouring matters exported from Slovakia worldwide, with a combined 67% share of total exports. Belgium, Poland, Ireland, the Netherlands, Switzerland, Russia and Belarus lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Belgium, with a CAGR of +96.2%, saw the highest rates of growth with regard to 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 synthetic organic colouring matters export price amounted to $X per ton, jumping by 17% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, 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 Belarus ($X per ton), while the average price for exports to Italy ($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 Belarus (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Other Synthetic Organic Colouring Matters

Imports into Slovakia

In 2022, the amount of other synthetic organic colouring matters imported into Slovakia declined sharply to X tons, with a decrease of -17.2% on the previous year. Overall, imports showed a slight slump. The pace of growth appeared the most rapid in 2015 with an increase of 71%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, synthetic organic colouring matters imports declined to $X in 2022. Over the period under review, imports saw a slight downturn. The growth pace was the most rapid in 2021 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of synthetic organic colouring matters imports to Slovakia, with a combined 58% share of total imports. The Czech Republic, India, Hungary, Luxembourg, Austria, France, Spain and Belgium lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +50.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Poland ($X) appeared to be the largest synthetic organic colouring matters suppliers to Slovakia, together accounting for 53% of total imports. The Czech Republic, India, Hungary, France, Luxembourg, Austria, Spain and Belgium lagged somewhat behind, together comprising a further 27%.

Among the main suppliers, Luxembourg, with a CAGR of +72.3%, saw 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

In 2022, the average synthetic organic colouring matters import price amounted to $X per ton, increasing by 4.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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