Slovakia: Resinoids Market 2022

Resinoids Market Size in Slovakia

The Slovak resinoids market soared to $X in 2021, surging by 28% against the previous year. In general, consumption posted a modest expansion. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Resinoids Production in Slovakia

In value terms, resinoids production skyrocketed to $X in 2021 estimated in export price. In general, production showed a mild expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 95% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Resinoids Exports

Exports from Slovakia

In 2021, shipments abroad of resinoids decreased by -36.4% to X kg for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 283% against the previous year. As a result, the exports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, resinoids exports soared to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X kg) was the main destination for resinoids exports from Slovakia, with a 54% share of total exports. Moreover, resinoids exports to Germany exceeded the volume sent to the second major destination, Austria (X kg), twofold. The third position in this ranking was held by the Netherlands (X kg), with an 8.8% share.

From 2013 to 2021, the average annual growth rate of volume to Germany amounted to +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+64.8% per year) and the Netherlands (+18.3% per year).

In value terms, Germany ($X) remains the key foreign market for resinoids exports from Slovakia, comprising 65% of total exports. The second position in the ranking was held by Austria ($X), with a 13% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2013 to 2021, the average annual growth rate of value to Germany stood at +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+79.0% per year) and the Netherlands (+14.0% per year).

Export Prices by Country

In 2021, the average resinoids export price amounted to $X per ton, rising by 208% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Resinoids Imports

Imports into Slovakia

In 2021, after two years of decline, there was significant growth in overseas purchases of resinoids, when their volume increased by 21% to X tons. Overall, imports, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2013 when imports increased by 358%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, resinoids imports soared to $X in 2021. Over the period under review, imports showed a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by 257% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United States (X kg), the Netherlands (X kg) and the Czech Republic (X kg) were the main suppliers of resinoids imports to Slovakia, with a combined 85% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of resinoids to Slovakia, comprising 63% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+15.9% per year) and the Netherlands (+20.2% per year).

Import Prices by Country

In 2021, the average resinoids import price amounted to $X per ton, increasing by 41% against the previous year. Overall, the import price posted resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 302% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+54.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :