Slovakia: Market for Rigid Tubes, Pipes and Hoses of Polymers of Propylene 2024

Market Size for Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Slovakia

The Slovak propylene polymer rigid pipes market declined remarkably to $X in 2022, waning by -49.3% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Rigid Tubes, Pipes and Hoses of Polymers of Propylene in Slovakia

In value terms, propylene polymer rigid pipes production dropped dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 148%. Over the period under review, production hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Exports from Slovakia

In 2022, overseas shipments of rigid tubes, pipes and hoses of polymers of propylene decreased by -26.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a resilient expansion. The growth pace was the most rapid in 2019 with an increase of 343%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, propylene polymer rigid pipes exports dropped markedly to $X in 2022. In general, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 444% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for propylene polymer rigid pipes exports from Slovakia, accounting for a 90% share of total exports. Moreover, propylene polymer rigid pipes exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +60.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+8.6% per year) and Russia (-37.4% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for rigid tubes, pipes and hoses of polymers of propylene exports from Slovakia, comprising 88% of total exports. The second position in the ranking was held by Hungary ($X), with a 4.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic amounted to +45.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+13.8% per year) and Russia (-23.4% per year).

Export Prices by Country

The average propylene polymer rigid pipes export price stood at $X per ton in 2022, rising by 2.9% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, propylene polymer rigid pipes export price increased by +100.5% against 2019 indices. The growth pace was the most rapid in 2017 when the average export price increased by 69%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+22.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rigid Tubes, Pipes and Hoses of Polymers of Propylene

Imports into Slovakia

After two years of growth, supplies from abroad of rigid tubes, pipes and hoses of polymers of propylene decreased by -53% to X tons in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 392%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, propylene polymer rigid pipes imports declined rapidly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 419% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Germany (X tons) were the main suppliers of propylene polymer rigid pipes imports to Slovakia, with a combined 76% share of total imports. Serbia, Austria, South Korea and China lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +53.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest propylene polymer rigid pipes suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and Germany ($X), together accounting for 77% of total imports. Serbia, Austria, China and South Korea lagged somewhat behind, together comprising a further 18%.

Among the main suppliers, Austria, with a CAGR of +49.8%, saw 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

In 2022, the average propylene polymer rigid pipes import price amounted to $X per ton, growing by 7.2% against the previous year. Over the period under review, the import price saw a mild expansion. The most prominent rate of growth was recorded in 2019 an increase of 49% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, 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 Germany ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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