Slovakia: Oxygen-Function Amino-Compound Market 2024

Oxygen-Function Amino-Compound Market Size in Slovakia

In 2021, after two years of growth, there was significant decline in the Slovak oxygen-function amino-compound market, when its value decreased by -16.8% to $X. In general, consumption, however, posted a resilient increase. Oxygen-function amino-compound consumption peaked at $X in 2020, and then declined dramatically in the following year.

Oxygen-Function Amino-Compound Production in Slovakia

In value terms, oxygen-function amino-compound production dropped remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 92%. Oxygen-function amino-compound production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Oxygen-Function Amino-Compound Exports

Exports from Slovakia

In 2021, the amount of oxygen-function amino-compounds exported from Slovakia soared to X tons, increasing by 19% on the year before. In general, exports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2013 when exports increased by 135%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, oxygen-function amino-compound exports stood at $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by 117% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons) was the main destination for oxygen-function amino-compound exports from Slovakia, with a 70% share of total exports. Moreover, oxygen-function amino-compound exports to France exceeded the volume sent to the second major destination, Japan (X tons), sixfold. The third position in this ranking was held by China (X tons), with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France totaled +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.9% per year) and China (+11.3% per year).

In value terms, France ($X) remains the key foreign market for oxygen-function amino-compounds exports from Slovakia, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 16% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to France totaled +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-13.8% per year) and China (+15.5% per year).

Export Prices by Country

In 2021, the average oxygen-function amino-compound export price amounted to $X per ton, declining by -6.6% against the previous year. Overall, the export price, however, posted a strong expansion. The pace of growth appeared the most rapid in 2019 an increase of 150% against the previous year. The export price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Japan ($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 Denmark (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.

Oxygen-Function Amino-Compound Imports

Imports into Slovakia

In 2021, approx. X tons of oxygen-function amino-compounds were imported into Slovakia; picking up by 96% against the previous year. Overall, imports, however, saw a pronounced decline. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, oxygen-function amino-compound imports surged to $X in 2021. Over the period under review, imports, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 111% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Romania (X tons) constituted the largest supplier of oxygen-function amino-compound to Slovakia, accounting for a 35% share of total imports. Moreover, oxygen-function amino-compound imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Romania was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.1% per year) and the Czech Republic (+25.3% per year).

In value terms, the largest oxygen-function amino-compound suppliers to Slovakia were the Czech Republic ($X), Germany ($X) and Romania ($X), with a combined 37% share of total imports. Poland, Hungary, Turkey, Belgium, France and the United States lagged somewhat behind, together accounting for a further 26%.

Poland, with a CAGR of +138.0%, recorded the highest growth rate of the value of imports, among 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 2021, the average oxygen-function amino-compound import price amounted to $X per ton, dropping by -18.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+30.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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