Slovakia: Polyamide Market 2024

Polyamide Market Size in Slovakia

In 2021, the Slovak polyamide market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Polyamide Production in Slovakia

In value terms, polyamide production soared to $X in 2021 estimated in export price. Over the period under review, production enjoyed a buoyant increase. Polyamide production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Polyamide Exports

Exports from Slovakia

In 2021, shipments abroad of polyamides (in primary forms) was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, polyamide exports surged to $X in 2021. Overall, exports saw a strong increase. The growth pace was the most rapid in 2013 with an increase of 49% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Germany (X tons) were the main destinations of polyamide exports from Slovakia, with a combined 57% share of total exports. These countries were followed by Switzerland, Italy, Romania, Croatia, Austria, Hungary, the United States, France, Belgium and Bulgaria, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +264.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyamide exported from Slovakia were the Czech Republic ($X), Poland ($X) and Germany ($X), together accounting for 53% of total exports. Croatia, Switzerland, the United States, Romania, France, Austria, Hungary, Italy, Belgium and Bulgaria lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, the United States, with a CAGR of +254.1%, recorded the highest growth rate of 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 polyamide export price amounted to $X per ton, with an increase of 7.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2019 an increase of 17% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Polyamide Imports

Imports into Slovakia

In 2021, purchases abroad of polyamides (in primary forms) increased by 22% to 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 +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 38% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, polyamide imports surged 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 in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of polyamide imports to Slovakia, with a combined 71% share of total imports. Belgium, Poland, South Korea, France, the Netherlands and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +254.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Italy ($X) constituted the largest polyamide suppliers to Slovakia, with a combined 71% share of total imports. These countries were followed by Poland, Belgium, France, South Korea, the Netherlands and the UK, which together accounted for a further 19%.

In terms of the main suppliers, South Korea, with a CAGR of +264.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average polyamide import price amounted to $X per ton, jumping by 17% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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