Report Update Nov 1, 2024

Slovakia - Rare Earth Metals - Market Analysis, Forecast, Size, Trends and Insights

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Slovakia: Rare Earth Metal Market 2024

Rare Earth Metal Market Size in Slovakia

In 2021, the Slovak rare earth metal market decreased by 99.9% to less than $X for the first time since 2013, thus ending a seven-year rising trend. In general, consumption saw significant growth. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Rare Earth Metal Production in Slovakia

In value terms, rare earth metal production stood at $X in 2021 estimated in export price. Overall, production enjoyed strong growth. The pace of growth appeared the most rapid in 2020 with a decrease of 99.9%. Rare earth metal production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Rare Earth Metal Exports

Exports from Slovakia

Rare earth metal exports from Slovakia dropped notably to X kg in 2020, declining by -99.9% against the previous year's figure. Over the period under review, exports showed a precipitous contraction. Over the period under review, the exports reached the peak figure at X kg in 2019, and then shrank markedly in the following year.

In value terms, rare earth metal exports soared to $X in 2020. In general, exports showed a abrupt decline. The exports peaked at $X in 2012; however, from 2013 to 2020, the exports remained at a lower figure.

Exports by Country

The Netherlands (X kg) was the main destination for rare earth metal exports from Slovakia, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the Netherlands stood at -99.9%.

In value terms, the Netherlands ($X) remains the key foreign market for rare earth metals exports from Slovakia, comprising 76% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 24% share of total exports.

From 2012 to 2020, the average annual growth rate of value to the Netherlands stood at +692.3%.

Export Prices by Country

In 2020, the average rare earth metal export price amounted to $X per ton, with an increase of 832,907% against the previous year. Overall, the export price recorded a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to the Netherlands amounted to $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+663,643.0%).

Rare Earth Metal Imports

Imports into Slovakia

In 2021, overseas purchases of rare earth metals increased by 64% to X kg, rising for the second year in a row after two years of decline. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 774% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, rare earth metal imports soared to $X in 2021. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X kg) constituted the largest rare earth metal supplier to Slovakia, accounting for a 49% share of total imports. Moreover, rare earth metal imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X kg), threefold. The third position in this ranking was taken by Sweden (X kg), with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +74.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+9.0% per year) and Sweden (0.0% per year).

In value terms, the Czech Republic ($X), China ($X) and Austria ($X) appeared to be the largest rare earth metal suppliers to Slovakia, together comprising 90% of total imports.

China, with a CAGR of +146.4%, recorded the highest rates of growth with regard to 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

In 2021, the average rare earth metal import price amounted to $X per ton, jumping by 187% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 494%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+41.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rare earth metals in the world?

The country with the largest volume of rare earth metal consumption was China, accounting for 49% of total volume. Moreover, rare earth metal consumption in China exceeded the figures recorded by the second-largest consumer, the United States, fourfold. The third position in this ranking was occupied by Malaysia, with a 12% share.

What are the largest producers of rare earth metals in the world?

China remains the largest rare earth metal producing country worldwide, accounting for 59% of total volume. Moreover, rare earth metal production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by Myanmar, with a 12% share.

What are the leading suppliers of rare earth metals to Slovakia?

In value terms, the largest rare earth metal suppliers to Slovakia were the Czech Republic, China and Austria $911), with a combined 90% share of total imports.

What is the average export price for rare earth metals in Slovakia?

The average rare earth metal export price stood at $1,488,642 per ton in 2020, increasing by 5,740% against the previous year.

What is the average import price for rare earth metals in Slovakia?

In 2021, the average rare earth metal import price amounted to $133,183 per ton, with an increase of 479% against the previous year.

This report provides an in-depth analysis of the rare earth metal market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023