Slovakia: Polystyrene Market 2024

Polystyrene Market Size in Slovakia

In 2022, the Slovak polystyrene market increased by 2.8% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Polystyrene Production in Slovakia

In value terms, polystyrene production soared to $X in 2022 estimated in export price. In general, production, however, saw a mild shrinkage. Polystyrene production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Polystyrene Exports

Exports from Slovakia

In 2022, approx. X tons of polystyrene were exported from Slovakia; reducing by -34% compared with 2021 figures. Overall, exports, however, posted a pronounced increase. The growth pace was the most rapid in 2013 with an increase of 103% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, polystyrene exports dropped notably to $X in 2022. Over the period under review, exports, however, posted a moderate expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 199%. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The Czech Republic (X tons) was the main destination for polystyrene exports from Slovakia, accounting for a 48% share of total exports. Moreover, polystyrene exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-12.2% per year) and Hungary (+2.9% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for polystyrene exports from Slovakia, comprising 58% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-7.3% per year) and Hungary (+4.2% per year).

Export Prices by Country

The average polystyrene export price stood at $X per ton in 2022, increasing by 5.2% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene export price increased by +65.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Polystyrene Imports

Imports into Slovakia

In 2022, approx. X tons of polystyrene were imported into Slovakia; which is down by -9.1% on 2021. In general, imports, however, showed a mild increase. The pace of growth was the most pronounced in 2013 when imports increased by 25%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, polystyrene imports fell modestly to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 80%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Germany (X tons), the Czech Republic (X tons) and Italy (X tons) were the main suppliers of polystyrene imports to Slovakia, together comprising 44% of total imports. Austria, Poland, the Netherlands, Greece, Hungary, Turkey, Belgium and France lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +20.2%), 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 polystyrene suppliers to Slovakia, together comprising 41% of total imports. Poland, Austria, Greece, the Netherlands, Hungary, Turkey, Belgium and France lagged somewhat behind, together accounting for a further 39%.

Among the main suppliers, Poland, with a CAGR of +29.9%, recorded the highest rates of growth with regard to 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 polystyrene import price stood at $X per ton in 2022, growing by 9.4% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polystyrene import price increased by +74.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 60%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Belgium ($X per ton), while the price for France ($X per ton) and Austria ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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