Slovakia: Market for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene 2024

Market Size for Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Slovakia

In 2021, the Slovak ethylene polymer rigid pipes market increased by 45% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw strong growth. Ethylene polymer rigid pipes consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene in Slovakia

In value terms, ethylene polymer rigid pipes production declined to $X in 2021 estimated in export price. Over the period under review, production saw a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 36%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Exports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Exports from Slovakia

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were exported from Slovakia; picking up by 33% against the year before. In general, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +137.8% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 34%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ethylene polymer rigid pipes exports soared to $X in 2021. Overall, total exports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +113.5% against 2016 indices. 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), Romania (X tons) and Poland (X tons) were the main destinations of ethylene polymer rigid pipes exports from Slovakia, with a combined 58% share of total exports. Hungary, Austria, Russia and Ukraine lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +26.1%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Romania ($X) and Hungary ($X) constituted the largest markets for ethylene polymer rigid pipes exported from Slovakia worldwide, with a combined 52% share of total exports. Poland, Austria, Russia and Ukraine lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Austria, with a CAGR of +22.1%, saw 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 ethylene polymer rigid pipes export price stood at $X per ton in 2021, increasing by 7.3% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2016 an increase of 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Ukraine ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Romania ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Rigid Tubes, Pipes And Hoses Of Polymers Of Ethylene

Imports into Slovakia

In 2021, approx. X tons of rigid tubes, pipes and hoses of polymers of ethylene were imported into Slovakia; picking up by 41% on 2020 figures. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 58% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, ethylene polymer rigid pipes imports soared to $X in 2021. Overall, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest supplier of ethylene polymer rigid pipes to Slovakia, with a 34% share of total imports. Moreover, ethylene polymer rigid pipes imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Estonia (X tons), twofold. The third position in this ranking was taken by Hungary (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+655.9% per year) and Hungary (+27.9% per year).

In value terms, the Czech Republic ($X), Estonia ($X) and Romania ($X) appeared to be the largest ethylene polymer rigid pipes suppliers to Slovakia, together comprising 64% of total imports.

Among the main suppliers, Estonia, with a CAGR of +889.6%, recorded the highest growth rate of 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 ethylene polymer rigid pipes import price stood at $X per ton in 2021, with an increase of 47% against the previous year. In general, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ethylene polymer rigid pipes import price increased by +53.8% against 2019 indices. As a result, import price reached the peak level and is likely to continue 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 Romania ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+30.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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