Slovakia: Market for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms 2024

Market Size for Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms in Slovakia

The Slovak market for polyethylene with a specific gravity of less than X, in primary forms shrank modestly to $X in 2021, reducing by -3.6% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Consumption of peaked at $X in 2020, and then reduced slightly in the following year.

Production of Polyethylene with a Specific Gravity of Less than X, in Primary Forms in Slovakia

In value terms, production of polyethylene with a specific gravity of less than X, in primary forms skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a buoyant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Exports from Slovakia

In 2021, overseas shipments of polyethylene with a specific gravity of less than X, in primary forms increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 29% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene with a specific gravity of less than X, in primary forms soared to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +107.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Poland (X tons) and the Czech Republic (X tons) were the main destinations of exports of polyethylene with a specific gravity of less than X, in primary forms from Slovakia, together accounting for 61% of total exports. Italy, Austria, Romania, Serbia and Hungary lagged somewhat behind, together comprising a further 26%.

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, the largest markets for polyethylene with a specific gravity of less than X exported from Slovakia were Germany ($X), Poland ($X) and the Czech Republic ($X), with a combined 60% share of total exports. These countries were followed by Italy, Austria, Romania, Serbia and Hungary, which together accounted for a further 26%.

In terms of the main countries of destination, Austria, with a CAGR of +17.4%, 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 export price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, growing by 71% against the previous year. In general, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for polyethylene with a specific gravity of less than X, in primary forms increased by +73.1% against 2019 indices. As a result, the export price reached 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 highest price was recorded for prices to Serbia ($X per ton) and Italy ($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 (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms

Imports into Slovakia

In 2021, supplies from abroad of polyethylene with a specific gravity of less than X, in primary forms was finally on the rise to reach X tons after three years of decline. Overall, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.3% 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 -29.7% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 22%. Over the period under review, imports of attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of polyethylene with a specific gravity of less than X, in primary forms surged to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Belgium (X tons), the Czech Republic (X tons) and France (X tons) were the main suppliers of imports of polyethylene with a specific gravity of less than X, in primary forms to Slovakia, together accounting for 51% of total imports. These countries were followed by the Netherlands, Serbia, Germany, Hungary, Romania, Austria, Italy, Poland, Spain and Slovenia, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +29.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Czech Republic ($X) and France ($X) constituted the largest polyethylene with a specific gravity of less than X suppliers to Slovakia, together comprising 52% of total imports. The Netherlands, Serbia, Germany, Romania, Hungary, Italy, Austria, Poland, Spain and Slovenia lagged somewhat behind, together accounting for a further 40%.

In terms of the main suppliers, Serbia, with a CAGR of +33.4%, 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

The average import price for polyethylene with a specific gravity of less than X, in primary forms stood at $X per ton in 2021, rising by 47% against the previous year. Over the period under review, the import price, however, continues to indicate a slight setback. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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