Slovakia: Non-Reinforced Rubber Tubing Market 2024

Non-Reinforced Rubber Tubing Market Size in Slovakia

In 2021, the Slovak non-reinforced rubber tubing market increased by 1.4% to $X, rising for the sixth consecutive year after three years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +126.3% against 2015 indices. Non-reinforced rubber tubing consumption peaked in 2021 and is likely to see steady growth in the near future.

Non-Reinforced Rubber Tubing Production in Slovakia

In value terms, non-reinforced rubber tubing production expanded sharply to $X in 2021 estimated in export price. In general, production, however, saw a perceptible reduction. The growth pace was the most rapid in 2016 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Non-Reinforced Rubber Tubing Exports

Exports from Slovakia

In 2021, shipments abroad of rubber tubing not reinforced increased by 7.8% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a prominent increase. The most prominent rate of growth was recorded in 2015 when exports increased by 154% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, non-reinforced rubber tubing exports fell to $X in 2021. In general, exports recorded a perceptible expansion. The growth pace was the most rapid in 2015 with an increase of 150% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for non-reinforced rubber tubing exports from Slovakia, with a 81% share of total exports. Moreover, non-reinforced rubber tubing exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold. The third position in this ranking was held by Poland (X tons), with a 3.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +44.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-8.2% per year) and Poland (-8.2% per year).

In value terms, Germany ($X) remains the key foreign market for rubber tubing not reinforced exports from Slovakia, comprising 53% of total exports. The second position in the ranking was held by Russia ($X), with a 15% share of total exports. It was followed by Poland, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +39.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+79.9% per year) and Poland (-3.4% per year).

Export Prices by Country

In 2021, the average non-reinforced rubber tubing export price amounted to $X per ton, dropping by -11.3% against the previous year. Overall, the export price recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 an increase of 28% against the previous year. The export price peaked 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 the UK ($X per ton), while the average price for exports to Germany ($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 Russia (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Reinforced Rubber Tubing Imports

Imports into Slovakia

In 2021, the amount of rubber tubing not reinforced imported into Slovakia reduced to X tons, dropping by -8.4% compared with the previous year. Over the period under review, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 52%. Imports peaked at X tons in 2020, and then fell in the following year.

In value terms, non-reinforced rubber tubing imports shrank to $X in 2021. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2017 when imports increased by 86% against the previous year. Imports peaked at $X in 2020, and then contracted in the following year.

Imports by Country

Poland (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of non-reinforced rubber tubing imports to Slovakia, with a combined 54% share of total imports. These countries were followed by South Korea, the Czech Republic, Spain, Slovenia, France and Italy, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +131.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constituted the largest supplier of rubber tubing not reinforced to Slovakia, comprising 41% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an 18% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +107.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+36.6% per year) and the United States (+34.2% per year).

Import Prices by Country

In 2021, the average non-reinforced rubber tubing import price amounted to $X per ton, with an increase of 3.2% against the previous year. Over the period under review, the import price enjoyed a slight expansion. The most prominent rate of growth was recorded in 2017 an increase of 93%. The import price peaked in 2021 and is likely to continue growth in the near future.

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 the Czech Republic ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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