Slovakia: Market for Prepared Glues And Other Prepared Adhesives 2024

Market Size for Prepared Glues And Other Prepared Adhesives in Slovakia

The Slovak market for prepared glues and other prepared adhesives rose significantly to $X in 2021, increasing by 12% against the previous year. The market value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Production of Prepared Glues And Other Prepared Adhesives in Slovakia

In value terms, production of prepared glues and other prepared adhesives skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable downturn. Production of peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Glues And Other Prepared Adhesives

Exports from Slovakia

In 2013, approx. X tons of prepared glues and other prepared adhesives were exported from Slovakia; with an increase of 41% on 2012. In general, total exports indicated significant growth from 2012 to 2013: its volume increased at an average annual rate of +40.8% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of prepared glues and other prepared adhesives rose remarkably to $X in 2013. The total export value increased at an average annual rate of +9.9% over the period from 2012 to 2013; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and France (X tons) were the main destinations of exports of prepared glues and other prepared adhesives from Slovakia, together accounting for 33% of total exports. Moreover, exports of prepared glues and other prepared adhesives in the Czech Republic exceeded the figures recorded by the second-largest exporter, Hungary, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +15.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared glues and other prepared adhesives exported from Slovakia were the Czech Republic ($X), France ($X) and Hungary ($X), together accounting for 33% of total exports. Germany, Ukraine, Romania, Poland, Italy and the UK lagged somewhat behind, together accounting for a further 67%. Moreover, exports of prepared glues and other prepared adhesives in the Czech Republic exceeded the figures recorded by the second-largest exporter, France, twofold.

Ukraine, with a CAGR of +15.4%, recorded 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 more modest paces of growth.

Export Prices by Country

The average export price for prepared glues and other prepared adhesives stood at less than $X per ton in 2021, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a dramatic contraction. The growth pace was the most rapid in 2013 when the average export price decreased by -22% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Hungary ($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 Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Glues And Other Prepared Adhesives

Imports into Slovakia

In 2021, supplies from abroad of prepared glues and other prepared adhesives increased by 6.1% to X tons, rising for the fourth year in a row after two years of decline. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% 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 increased by +66.9% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 30% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of prepared glues and other prepared adhesives surged to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of imports of prepared glues and other prepared adhesives to Slovakia, together accounting for 72% of total imports. These countries were followed by Italy, Belgium, Austria, Hungary and France, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +8.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared glues and other prepared adhesives suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and Italy ($X), together accounting for 67% of total imports.

The Czech Republic, with a CAGR of +17.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 prepared glues and other prepared adhesives stood at $X per ton in 2021, increasing by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2016 an increase of 33%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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 ($X per ton), while the price for Belgium ($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 (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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