Slovakia: Market for Polyethylene in Primary Forms 2024

Market Size for Polyethylene in Primary Forms in Slovakia

In 2021, after three years of decline, there was significant growth in the Slovak polyethylene in primary forms market, when its value increased by 22% to $X. In general, consumption recorded a noticeable descent. Polyethylene in primary forms consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Polyethylene in Primary Forms in Slovakia

In value terms, polyethylene in primary forms production soared to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed prominent growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene in Primary Forms

Exports from Slovakia

In 2021, approx. X tons of polyethylene in primary forms were exported from Slovakia; increasing by 9.8% against the previous year. In general, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +23.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 28%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, polyethylene in primary forms exports soared to $X in 2021. Overall, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of polyethylene in primary forms exports from Slovakia, with a combined 61% share of total exports. These countries were followed by Italy, Austria, Romania, Ukraine and Hungary, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest markets for polyethylene in primary forms exported from Slovakia worldwide, with a combined 61% share of total exports. These countries were followed by Italy, Austria, Romania, Ukraine and Hungary, which together accounted for a further 27%.

Austria, with a CAGR of +16.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination 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 polyethylene in primary forms export price amounted to $X per ton, rising by 84% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and Austria ($X per ton), while the average price for exports to Romania ($X per ton) and Poland ($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 Germany (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene in Primary Forms

Imports into Slovakia

In 2021, overseas purchases of polyethylene in primary forms were finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a noticeable reduction. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, polyethylene in primary forms imports skyrocketed to $X in 2021. Overall, imports, however, recorded a slight descent. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The Czech Republic (X tons), Belgium (X tons) and Serbia (X tons) were the main suppliers of polyethylene in primary forms imports to Slovakia, with a combined 48% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +28.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene in primary forms suppliers to Slovakia were the Czech Republic ($X), Belgium ($X) and France ($X), with a combined 47% share of total imports. These countries were followed by Serbia, the Netherlands, Germany, Romania, Austria, Italy, Hungary, Poland and Slovenia, which together accounted for a further 42%.

Serbia, with a CAGR of +35.9%, recorded the highest growth rate of 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 in primary forms import price stood at $X per ton in 2021, increasing by 43% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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