Slovakia: Polyurethanes Market 2024

Polyurethanes Market Size in Slovakia

The Slovak polyurethanes market soared to $X in 2021, rising by 26% 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). In general, the total consumption indicated a mild increase from 2012 to 2021: its value 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, consumption decreased by -3.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Polyurethanes Exports

Exports from Slovakia

After four years of decline, overseas shipments of polyurethanes in primary forms increased by 76% to X tons in 2021. Overall, exports showed a measured expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 97% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, polyurethanes exports soared to $X in 2021. Over the period under review, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 53%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Ukraine (X tons), Poland (X tons) and the Czech Republic (X tons) were the main destinations of polyurethanes exports from Slovakia, with a combined 87% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +67.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polyurethanes exported from Slovakia were Poland ($X), the Czech Republic ($X) and Ukraine ($X), with a combined 83% share of total exports.

Ukraine, with a CAGR of +44.3%, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average polyurethanes export price amounted to $X per ton, shrinking by -30.8% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 37%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($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 France (-4.2%), while the prices for the other major destinations experienced a decline.

Polyurethanes Imports

Imports into Slovakia

In 2021, the amount of polyurethanes in primary forms imported into Slovakia surged to X tons, rising by 29% on the year before. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 81%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, polyurethanes imports surged to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest polyurethanes supplier to Slovakia, accounting for a 57% share of total imports. Moreover, polyurethanes imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. The third position in this ranking was taken by the Czech Republic (X tons), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.7% per year) and the Czech Republic (+22.5% per year).

In value terms, Germany ($X) constituted the largest supplier of polyurethanes in primary forms to Slovakia, comprising 47% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+29.0% per year) and Italy (-1.0% per year).

Import Prices by Country

In 2021, the average polyurethanes import price amounted to $X per ton, growing by 1.6% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, polyurethanes import price increased by +23.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a 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 France ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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