Slovakia: Polyacetals Market 2024

Polyacetals Market Size in Slovakia

The Slovak polyacetals market surged to $X in 2021, picking up by 28% against the previous year. In general, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +39.8% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyacetals Production in Slovakia

In value terms, polyacetals production reached $X in 2021 estimated in export price. Overall, production showed a significant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 314% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Polyacetals Exports

Exports from Slovakia

In 2021, the amount of polyacetals in primary forms exported from Slovakia skyrocketed to X tons, increasing by 22% against the previous year. Overall, exports saw a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of 185%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, polyacetals exports surged to $X in 2021. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 87% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons), Poland (X tons) and Hungary (X tons) were the main destinations of polyacetals exports from Slovakia, with a combined 57% share of total exports. The Czech Republic, Slovenia, Austria and Germany lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +125.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyacetals exported from Slovakia were Romania ($X), Hungary ($X) and the Czech Republic ($X), together accounting for 57% of total exports. Poland, Slovenia, Austria and Germany lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Slovenia, with a CAGR of +124.6%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average polyacetals export price amounted to $X per ton, growing by 34% against the previous year. In general, the export price, however, saw a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Hungary ($X per ton) and Germany ($X per ton), while the average price for exports to Poland ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Polyacetals Imports

Imports into Slovakia

In 2021, overseas purchases of polyacetals in primary forms were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 37%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, polyacetals imports soared to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of polyacetals to Slovakia, accounting for a 56% share of total imports. Moreover, polyacetals imports from Germany exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), fivefold. Italy (X tons) ranked third in terms of total imports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (+268.2% per year) and Italy (+5.0% per year).

In value terms, Germany ($X) constituted the largest supplier of polyacetals in primary forms to Slovakia, comprising 60% of total imports. The second position in the ranking was held by Italy ($X), with an 8.5% share of total imports. It was followed by the Czech Republic, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.2% per year) and the Czech Republic (+0.8% per year).

Import Prices by Country

The average polyacetals import price stood at $X per ton in 2021, rising by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 17%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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