Slovakia: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in Slovakia

In 2021, the Slovak polyethylene glycol and polyether market increased by 26% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a pronounced contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Polyethylene Glycols and Polyethers in Primary Forms in Slovakia

In value terms, polyethylene glycol and polyether production declined sharply to $X in 2021 estimated in export price. Overall, production recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 54%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from Slovakia

In 2021, overseas shipments of polyethylene glycols and polyethers in primary forms decreased by -11.6% to X tons, falling for the second year in a row after two years of growth. Overall, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2015 when exports increased by 34%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports surged to $X in 2021. In general, exports continue to indicate a slight contraction. The growth pace was the most rapid in 2018 when exports increased by 54% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for polyethylene glycol and polyether exports from Slovakia, with a 47% share of total exports. Moreover, polyethylene glycol and polyether exports to the Czech Republic exceeded the volume sent to the second major destination, Romania (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+22.2% per year) and Poland (-11.3% per year).

In value terms, the Czech Republic ($X), Romania ($X) and Poland ($X) were the largest markets for polyethylene glycol and polyether exported from Slovakia worldwide, together accounting for 79% of total exports. Hungary, Serbia, Italy and Spain lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Serbia, with a CAGR of +40.8%, 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

The average polyethylene glycol and polyether export price stood at $X per ton in 2021, picking up by 30% against the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per ton), while the average price for exports to Italy ($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 Serbia (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into Slovakia

In 2021, after three years of decline, there was significant growth in supplies from abroad of polyethylene glycols and polyethers in primary forms, when their volume increased by 6.6% to X tons. In general, total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.6% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, polyethylene glycol and polyether imports surged to $X in 2021. Overall, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by 50% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Belgium (X tons), Germany (X tons) and France (X tons) were the main suppliers of polyethylene glycol and polyether imports to Slovakia, with a combined 87% share of total imports. These countries were followed by Austria, Poland, Denmark, the Czech Republic and the Netherlands, which together accounted for a further 9%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +112.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest polyethylene glycol and polyether suppliers to Slovakia, together comprising 86% of total imports. Austria, Poland, Denmark, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 8.2%.

Denmark, with a CAGR of +102.0%, recorded 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

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, increasing by 31% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 the Netherlands ($X per ton), while the price for Austria ($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 Netherlands (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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