Slovakia: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Slovakia

The Slovak market for plastics pipes and pipe fittings declined notably to $X in 2022, falling by -17.4% against the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +3.5% against 2020 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined markedly in the following year.

Production of Plastics Pipes And Pipe Fittings in Slovakia

In value terms, plastics pipe and pipe fitting production reduced remarkably to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 222%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Plastics Pipes And Pipe Fittings

Exports from Slovakia

In 2022, shipments abroad of plastics pipes and pipe fittings increased by 0.4% to X tons, rising for the sixth year in a row after three years of decline. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.5% against 2016 indices. The growth pace was the most rapid in 2019 with an increase of 55% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, plastics pipe and pipe fitting exports amounted to $X in 2022. In general, exports, however, continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2017 when exports increased by 14%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for plastics pipe and pipe fitting exports from Slovakia, with a 64% share of total exports. Moreover, plastics pipe and pipe fitting exports to the Czech Republic exceeded the volume sent to the second major destination, Austria (X tons), sevenfold. Poland (X tons) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-2.0% per year) and Poland (+13.6% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Slovakia, comprising 49% of total exports. The second position in the ranking was held by Poland ($X), with a 9% share of total exports. It was followed by Austria, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at +10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+6.7% per year) and Austria (+1.7% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, surging by 8.9% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($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 Hungary (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Slovakia

In 2022, approx. X tons of plastics pipes and pipe fittings were imported into Slovakia; dropping by -10.3% on 2021 figures. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 21%. Imports peaked at X tons in 2021, and then contracted in the following year.

In value terms, plastics pipe and pipe fitting imports dropped to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of plastics pipe and pipe fitting imports to Slovakia, with a combined 55% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Serbia (with a CAGR of +16.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastics pipe and pipe fitting suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and France ($X), together comprising 47% of total imports. Serbia, Poland, Italy, Hungary and Austria lagged somewhat behind, together comprising a further 20%.

Serbia, with a CAGR of +22.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, growing by 6.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 19%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 France ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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