Slovakia: Market for Phthalic Anhydride, Terephthalic Acid And Its Salts 2024

Market Size for Phthalic Anhydride, Terephthalic Acid And Its Salts in Slovakia

In 2021, the Slovak market for phthalic anhydride, terephthalic acid and its salts was finally on the rise to reach $X after two years of decline. Overall, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Phthalic Anhydride, Terephthalic Acid And Its Salts in Slovakia

In value terms, phthalic anhydride and terephthalic acid production rose notably to $X in 2021 estimated in export price. Over the period under review, production recorded a deep setback. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Exports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Exports from Slovakia

In 2020, overseas shipments of phthalic anhydride, terephthalic acid and its salts increased by 328% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2015 with an increase of 1,060% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2020, the growth of the exports remained at a lower figure.

In value terms, phthalic anhydride and terephthalic acid exports soared to $X in 2020. In general, exports, however, continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 628%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for phthalic anhydride and terephthalic acid exports from Slovakia, accounting for a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the Czech Republic amounted to -45.2%.

In value terms, the Czech Republic ($X) also remains the key foreign market for phthalic anhydride, terephthalic acid and its salts exports from Slovakia.

From 2012 to 2020, the average annual rate of growth in terms of value to the Czech Republic amounted to -44.7%.

Export Prices by Country

In 2020, the average export price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, waning by -17.1% against the previous year. Overall, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2014 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2020, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2020, the rate of growth in terms of prices for Spain amounted to +3,723.2% per year.

Imports of Phthalic Anhydride, Terephthalic Acid And Its Salts

Imports into Slovakia

Phthalic anhydride and terephthalic acid imports into Slovakia skyrocketed to X tons in 2021, jumping by 49% on the previous year's figure. Overall, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, phthalic anhydride and terephthalic acid imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt contraction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest phthalic anhydride and terephthalic acid supplier to Slovakia, accounting for a 45% share of total imports. Moreover, phthalic anhydride and terephthalic acid imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. Austria (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic stood at -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+13.0% per year) and Austria (-12.9% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of phthalic anhydride, terephthalic acid and its salts to Slovakia, comprising 42% of total imports. The second position in the ranking was held by Poland ($X), with a 19% share of total imports. It was followed by Austria, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled -16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+9.9% per year) and Austria (-15.2% per year).

Import Prices by Country

In 2021, the average import price for phthalic anhydride, terephthalic acid and its salts amounted to $X per ton, rising by 52% against the previous year. In general, the import price, however, continues to indicate a perceptible downturn. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per ton) and Poland ($X per ton), while the price for the Czech Republic ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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