Slovakia: Market for Refractory Products of Siliceous or Diatomite Earths 2024

Market Size for Refractory Products of Siliceous or Diatomite Earths in Slovakia

In 2021, the Slovak market for refractory products of siliceous or diatomite earths decreased by -39.7% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed a temperate increase. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Production of Refractory Products of Siliceous or Diatomite Earths in Slovakia

In value terms, production of refractory products of siliceous or diatomite earths fell to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Refractory Products of Siliceous or Diatomite Earths

Exports from Slovakia

In 2021, exports of refractory products of siliceous or diatomite earths from Slovakia skyrocketed to X tons, growing by 911% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of refractory products of siliceous or diatomite earths skyrocketed to $X in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for exports of refractory products of siliceous or diatomite earths from Slovakia, with a 75% share of total exports. Moreover, exports of refractory products of siliceous or diatomite earths to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was taken by Hungary (X tons), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +96.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+496.9% per year) and Hungary (+13.7% per year).

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) were the largest markets for refractory products of siliceous or diatomite earths exported from Slovakia worldwide, together accounting for 93% of total exports.

Among the main countries of destination, Poland, with a CAGR of +296.9%, recorded the highest growth rate of 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

The average export price for refractory products of siliceous or diatomite earths stood at $X per ton in 2021, shrinking by -47.6% against the previous year. Over the period under review, the export price saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 118%. 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 stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to the Czech Republic ($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 the Czech Republic (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Refractory Products of Siliceous or Diatomite Earths

Imports into Slovakia

In 2021, overseas purchases of refractory products of siliceous or diatomite earths decreased by -95.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 539% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of refractory products of siliceous or diatomite earths reduced markedly to $X in 2021. Overall, imports recorded a perceptible contraction. The growth pace was the most rapid in 2019 when imports increased by 859% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports of remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Italy (X tons) and Hungary (X tons) were the main suppliers of imports of refractory products of siliceous or diatomite earths to Slovakia, together accounting for 76% of total imports.

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 +30.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Italy ($X) and Hungary ($X) appeared to be the largest refractory products of siliceous or diatomite earths suppliers to Slovakia, with a combined 76% share of total imports. Denmark, Spain, Poland and Portugal lagged somewhat behind, together accounting for a further 19%.

Spain, with a CAGR of +33.8%, recorded the highest growth rate of the value of imports, among 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 refractory products of siliceous or diatomite earths stood at $X per ton in 2021, increasing by 55% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 101%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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 Denmark ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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