Slovakia: Oxides Of Boron Market 2024

Oxides Of Boron Market Size in Slovakia

The Slovak oxides of boron market skyrocketed to $X in 2022, growing by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Oxides Of Boron Exports

Exports from Slovakia

In 2022, oxides of boron exports from Slovakia surged to X tons, growing by 64% compared with the previous year. Overall, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of 168%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, oxides of boron exports reduced to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 269%. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

China (X tons) was the main destination for oxides of boron exports from Slovakia, accounting for a 60% share of total exports. Moreover, oxides of boron exports to China exceeded the volume sent to the second major destination, Germany (X tons), twofold. The third position in this ranking was held by Slovenia (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +49.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.7% per year) and Slovenia (+332.5% per year).

In value terms, Germany ($X) remains the key foreign market for oxides of boron, boric acids and inorganic acids exports from Slovakia, comprising 85% of total exports. The second position in the ranking was held by China ($X), with a 10% share of total exports. It was followed by Slovenia, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +24.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+74.5% per year) and Slovenia (+49.2% per year).

Export Prices by Country

In 2022, the average oxides of boron export price amounted to $X per ton, dropping by -45.4% against the previous year. Overall, the export price, however, recorded a significant expansion. The growth pace was the most rapid in 2018 when the average export price increased by 1,117% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then dropped dramatically in the following year.

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 Germany ($X per ton), while the average price for exports to Hungary ($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 Russia (+279.1%), while the prices for the other major destinations experienced more modest paces of growth.

Oxides Of Boron Imports

Imports into Slovakia

In 2022, approx. X tons of oxides of boron, boric acids and inorganic acids were imported into Slovakia; dropping by -15.5% against the year before. Over the period under review, imports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, oxides of boron imports surged to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of oxides of boron to Slovakia, with a 29% share of total imports. Moreover, oxides of boron imports from Turkey exceeded the figures recorded by the second-largest supplier, China (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 Turkey totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.3% per year) and Poland (+21.5% per year).

In value terms, the largest oxides of boron suppliers to Slovakia were China ($X), Germany ($X) and Turkey ($X), with a combined 55% share of total imports.

China, with a CAGR of +40.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 oxides of boron import price amounted to $X per ton, growing by 68% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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