Slovakia: Lime Market 2024

Lime Market Size in Slovakia

In 2021, the Slovak lime market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Lime Production in Slovakia

In value terms, lime production surged to $X in 2021 estimated in export price. In general, production, however, saw a mild decline. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Lime Exports

Exports from Slovakia

Lime exports from Slovakia surged to X tons in 2021, picking up by 19% compared with 2020 figures. Overall, total exports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 73% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lime exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic (X tons), Hungary (X tons) and Poland (X tons) were the main destinations of lime exports from Slovakia, together accounting for 87% 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 Hungary (with a CAGR of +12.7%), while the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Czech Republic ($X) and Poland ($X) constituted the largest markets for lime exported from Slovakia worldwide, together accounting for 81% of total exports.

Among the main countries of destination, Hungary, with a CAGR of +10.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lime export price amounted to $X per ton, with an increase of 6.7% against the previous year. Over the period under review, the export price, however, recorded a mild decrease. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Lime Imports

Imports into Slovakia

In 2021, supplies from abroad of quicklime, slaked lime and hydraulic lime increased by 55% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2020 when imports increased by 57%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, lime imports skyrocketed to $X in 2021. Overall, imports enjoyed a modest expansion. The pace of growth was the most pronounced in 2020 when imports increased by 99%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of lime to Slovakia, accounting for a 52% share of total imports. Moreover, lime imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-6.6% per year) and Austria (+12.1% per year).

In value terms, Italy ($X), the Czech Republic ($X) and Austria ($X) were the largest lime suppliers to Slovakia, together accounting for 89% of total imports. Slovenia, Poland and Hungary lagged somewhat behind, together comprising a further 11%.

Among the main suppliers, Slovenia, with a CAGR of +515.3%, 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 lime import price stood at $X per ton in 2021, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 27% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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