Slovakia: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2025

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in Slovakia

The Slovak market for palmitic acid, stearic acid, their salts and esters expanded markedly to $X in 2021, growing by 14% 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, the total consumption indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.8% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from Slovakia

In 2021, exports of palmitic acid, stearic acid, their salts and esters from Slovakia skyrocketed to X tons, picking up by 30% compared with the previous year's figure. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 119%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters soared to $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 133% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from Slovakia, with a 78% share of total exports. Moreover, exports of palmitic acid, stearic acid, their salts and esters to Russia exceeded the volume sent to the second major destination, Portugal (X tons), fourfold. The third position in this ranking was held by Germany (X kg), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled +43.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Germany (-13.1% per year).

In value terms, Russia ($X) remains the key foreign market for palmitic acid, stearic acid, their salts and esters exports from Slovakia, comprising 79% of total exports. The second position in the ranking was held by Portugal ($X), with an 18% share of total exports. It was followed by Germany, with a 1.4% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled +31.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (0.0% per year) and Germany (-17.8% per year).

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, growing by 8% against the previous year. Over the period under review, the export price, however, showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 31%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, 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 Hungary ($X per ton), while the average price for exports to Germany ($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 Hungary (+6.7%), while the prices for the other major destinations experienced a decline.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into Slovakia

In 2021, the amount of palmitic acid, stearic acid, their salts and esters imported into Slovakia expanded significantly to X tons, growing by 7.2% against the previous year's figure. Over the period under review, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.0% against 2019 indices. The pace of growth was the most pronounced in 2018 when imports increased by 36% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of palmitic acid, stearic acid, their salts and esters skyrocketed to $X in 2021. In general, imports enjoyed a measured increase. The pace of growth was the most pronounced in 2018 when imports increased by 105% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

In 2021, Turkey (X tons) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to Slovakia, with a 66% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from Turkey exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Turkey amounted to +83.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+2.4% per year) and the Netherlands (+13.9% per year).

In value terms, Turkey ($X) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to Slovakia, comprising 78% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 6.5% share of total imports. It was followed by Germany, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Turkey stood at +101.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+18.8% per year) and Germany (-12.1% per year).

Import Prices by Country

The average import price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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