Slovakia: Polyphenols And Phenol-Alcohols Market 2024

Polyphenols And Phenol-Alcohols Market Size in Slovakia

The Slovak polyphenols and phenol-alcohols market contracted significantly to $X in 2022, reducing by -16.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +23.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Polyphenols And Phenol-Alcohols Exports

Exports from Slovakia

In 2022, overseas shipments of polyphenols and phenol-alcohols increased by 96% to X tons, rising for the second consecutive year after two years of decline. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 180% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols exports contracted markedly to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 657%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X kg) and Spain (X kg) were the main destinations of polyphenols and phenol-alcohols exports from Slovakia, with a combined 63% share of total exports. Italy, Greece, Belgium, Poland and Finland lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +3,700.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyphenols and phenol-alcohols exported from Slovakia were Germany ($X), France ($X) and Spain ($X), together accounting for 57% of total exports.

Germany, with a CAGR of +35.0%, saw the highest rates of growth with regard to 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

The average polyphenols and phenol-alcohols export price stood at $X per ton in 2022, dropping by -64.1% against the previous year. Over the period under review, the export price recorded a noticeable decline. The growth pace was the most rapid in 2018 an increase of 170%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and Finland ($X per ton), while the average price for exports to Italy ($X per ton) and Greece ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+142.5%), while the prices for the other major destinations experienced mixed trend patterns.

Polyphenols And Phenol-Alcohols Imports

Imports into Slovakia

Polyphenols and phenol-alcohols imports into Slovakia dropped to X tons in 2022, falling by -13% against the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 77%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, polyphenols and phenol-alcohols imports shrank significantly to $X in 2022. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 66%. Imports peaked at $X in 2021, and then dropped notably in the following year.

Imports by Country

In 2022, Belgium (X tons) was the main polyphenols and phenol-alcohols supplier to Slovakia, accounting for a 97% share of total imports. It was followed by Germany (X tons), with a 0.9% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +106.8%.

In value terms, Belgium ($X) constituted the largest supplier of polyphenols and phenol-alcohols to Slovakia, comprising 93% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium totaled +104.5%.

Import Prices by Country

In 2022, the average polyphenols and phenol-alcohols import price amounted to $X per ton, falling by -5.5% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polyphenols and phenol-alcohols import price increased by +99.4% against 2016 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :