Slovakia: Prepared Binders Market 2024

Prepared Binders Market Size in Slovakia

In 2021, the Slovak prepared binders market decreased by -25.6% to $X, falling for the third year in a row after three years of growth. Overall, consumption, however, continues to indicate a buoyant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Prepared Binders Production in Slovakia

In value terms, prepared binders production rose markedly to $X in 2021 estimated in export price. In general, production showed a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 218%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Prepared Binders Exports

Exports from Slovakia

In 2021, overseas shipments of prepared binders for foundry moulds or cores decreased by -97.2% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, exports saw a sharp setback. The most prominent rate of growth was recorded in 2016 when exports increased by 77%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared binders exports contracted dramatically to $X in 2021. In general, exports showed a precipitous shrinkage. The growth pace was the most rapid in 2016 when exports increased by 340%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for prepared binders exports from Slovakia, accounting for a 70% share of total exports. Moreover, prepared binders exports to the UK exceeded the volume sent to the second major destination, Moldova (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X kg), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to -22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (0.0% per year) and the Czech Republic (-48.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for prepared binders for foundry moulds or cores exports from Slovakia, comprising 54% of total exports. The second position in the ranking was taken by Moldova ($X), with a 23% share of total exports. It was followed by the Czech Republic, with a 9% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (0.0% per year) and the Czech Republic (-42.2% per year).

Export Prices by Country

In 2021, the average prepared binders export price amounted to $X per ton, increasing by 31% against the previous year. In general, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 148% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to the UK ($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 Ukraine (+53.7%), while the prices for the other major destinations experienced more modest paces of growth.

Prepared Binders Imports

Imports into Slovakia

In 2021, supplies from abroad of prepared binders for foundry moulds or cores decreased by -31.2% to X tons, falling for the third consecutive year after three years of growth. In general, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2013 when imports increased by 102%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, prepared binders imports fell to $X in 2021. Overall, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -43.0% against 2018 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest prepared binders supplier to Slovakia, accounting for a 81% share of total imports. Moreover, prepared binders imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+19.7% per year) and Hungary (-4.0% per year).

In value terms, the largest prepared binders suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Hungary ($X), with a combined 95% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +19.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average prepared binders import price amounted to $X per ton, jumping by 25% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :