Slovakia: Phenols Market 2024

Phenols Market Size in Slovakia

The Slovak phenols market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a noticeable reduction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Phenols Production in Slovakia

In value terms, phenols production dropped remarkably to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable decline. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Phenols production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Phenols Exports

Exports from Slovakia

Phenols exports from Slovakia surged to X tons in 2022, growing by X% against 2021 figures. Over the period under review, exports, however, recorded a mild descent. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, phenols exports surged to $X in 2022. In general, exports recorded a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Hungary (X tons) was the main destination for phenols exports from Slovakia, accounting for a X% share of total exports. It was followed by Spain (X kg), with less than X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

In value terms, Hungary ($X) remains the key foreign market for phenols exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the average phenols export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, saw significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

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

Phenols Imports

Imports into Slovakia

In 2022, overseas purchases of phenols decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, phenols imports dropped dramatically to $X in 2022. In general, imports, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of phenols to Slovakia, with a X% share of total imports. Moreover, phenols imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), fivefold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

In value terms, Germany ($X) constituted the largest supplier of phenols to Slovakia, comprising X% of total imports. The second position in the ranking was held by Belgium ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Poland (X% per year).

Import Prices by Country

In 2022, the average phenols import price amounted to $X per ton, jumping by X% against the previous year. Overall, the import price showed a resilient increase. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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