Slovakia: Phosphoric Acid Market 2024

Phosphoric Acid Market Size in Slovakia

In 2022, the Slovak phosphoric acid market increased by 48% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Phosphoric Acid Exports

Exports from Slovakia

In 2022, the amount of phosphoric acid and polyphosphoric acids exported from Slovakia soared to X tons, with an increase of 20% compared with the previous year's figure. In general, exports, however, recorded a dramatic slump. The growth pace was the most rapid in 2019 when exports increased by 1,523% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, phosphoric acid exports totaled $X in 2022. Overall, exports, however, faced a precipitous slump. The pace of growth was the most pronounced in 2019 when exports increased by 2,848% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for phosphoric acid exports from Slovakia, with a 100% share of total exports. It was followed by the Czech Republic (X kg), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +66.8%.

In value terms, Germany ($X) emerged as the key foreign market for phosphoric acid and polyphosphoric acids exports from Slovakia, comprising 100% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +85.9%.

Export Prices by Country

In 2022, the average phosphoric acid export price amounted to $X per ton, with a decrease of -15.2% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 82% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a 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 the Czech Republic ($X per ton), while the average price for exports to Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Phosphoric Acid Imports

Imports into Slovakia

In 2022, approx. X tons of phosphoric acid and polyphosphoric acids were imported into Slovakia; waning by -7.4% on 2021 figures. Overall, imports saw a mild setback. The pace of growth appeared the most rapid in 2013 with an increase of 38% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, phosphoric acid imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest phosphoric acid supplier to Slovakia, with a 31% share of total imports. Moreover, phosphoric acid imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Austria (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from the Czech Republic stood at -9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+24.0% per year) and Poland (-2.2% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of phosphoric acid and polyphosphoric acids to Slovakia, comprising 35% of total imports. The second position in the ranking was held by Poland ($X), with a 12% share of total imports. It was followed by Turkey, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Czech Republic totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+7.6% per year) and Turkey (0.0% per year).

Import Prices by Country

The average phosphoric acid import price stood at $X per ton in 2022, increasing by 141% against the previous year. Over the period under review, the import price recorded a buoyant increase. As a result, import price attained 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 the Netherlands ($X per ton), while the price for Austria ($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 (+66.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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