Slovakia: Phosphate Rock Market 2022

Phosphate Rock Market Size in Slovakia

For the fourth consecutive year, the Slovak phosphate rock market recorded growth in sales value, which increased by X% to $X in 2020. Overall, consumption saw prominent growth. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. Over the period under review, the market attained the peak level in 2020 and is expected to retain growth in the immediate term.

Phosphate Rock Production in Slovakia

In value terms, phosphate rock production rose significantly to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. As a result, production reached the peak level of $X. from 2018 to 2020, production growth failed to regain the momentum.

Phosphate Rock Exports

Exports from Slovakia

In 2020, overseas shipments of phosphate rock decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2009 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, phosphate rock exports dropped remarkably to $X in 2020. In general, exports saw a slight shrinkage. The most prominent rate of growth was recorded in 2009 when exports increased by X% y-o-y. Exports peaked at $X in 2011; however, from 2012 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Romania (X kg) was the main destination for phosphate rock exports from Slovakia, with a X% share of total exports. Moreover, phosphate rock exports to Romania exceeded the volume sent to the second major destination, Hungary (X kg), twofold.

From 2007 to 2020, the average annual growth rate of volume to Romania stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and the Czech Republic (+X% per year).

In value terms, the Czech Republic ($X), Hungary ($X) and Romania ($X) were the largest markets for phosphate rock exported from Slovakia worldwide, with a combined X% share of total exports.

The Czech Republic recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2020, the average phosphate rock export price amounted to $X per ton, flattening at the previous year. Overall, the export price, however, recorded a prominent increase. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The export price peaked at $X per ton in 2017; however, from 2018 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic, while the prices for the other major destinations experienced mixed trend patterns.

Phosphate Rock Imports

Imports into Slovakia

For the fourth year in a row, Slovakia recorded growth in overseas purchases of phosphate rock, which increased by X% to X tons in 2020. Overall, imports saw a significant increase. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the immediate term.

In value terms, phosphate rock imports reduced to $X in 2020. Over the period under review, imports enjoyed a noticeable expansion. The growth pace was the most rapid in 2015 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then contracted in the following year.

Imports by Country

In 2020, Austria (X tons) was the main supplier of phosphate rock to Slovakia, with a X% share of total imports. Moreover, phosphate rock imports from Austria exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from Austria totaled +X%.

In value terms, the largest phosphate rock suppliers to Slovakia were the Czech Republic ($X) and Austria ($X terms of the main suppliers, the Czech Republic (+X% per year) recorded the highest growth rate of the value of imports, over the period under review.

Import Prices by Country

The average phosphate rock import price stood at $X per ton in 2020, waning by -X% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. As a result, import price reached the peak level of $X per ton. from 2013 to 2020, the growth in terms of the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was the Czech Republic ($X per ton), while the price for Austria stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Czech Republic.

Source: IndexBox Platform