Slovakia: Silicon Dioxide Market 2024

Silicon Dioxide Market Size in Slovakia

For the third year in a row, the Slovak silicon dioxide market recorded growth in sales value, which increased by 0.5% to $X in 2021. In general, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +11.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.9% against 2018 indices. Over the period under review, the market reached the maximum level in 2021 and is likely to see steady growth in the near future.

Silicon Dioxide Exports

Exports from Slovakia

Silicon dioxide exports from Slovakia shrank slightly to X tons in 2021, declining by -3.6% against the previous year's figure. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 439%. Over the period under review, the exports hit record highs at X tons in 2020, and then declined in the following year.

In value terms, silicon dioxide exports shrank markedly to $X in 2021. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 482%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Egypt (X tons) and Belarus (X tons) were the main destinations of silicon dioxide exports from Slovakia, with a combined 58% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +111.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for silicon dioxide exports from Slovakia, comprising 32% of total exports. The second position in the ranking was taken by Ukraine ($X), with an 11% share of total exports. It was followed by Russia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Italy totaled +94.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+24.4% per year) and Russia (+30.5% per year).

Export Prices by Country

The average silicon dioxide export price stood at $X per ton in 2021, declining by -23.3% against the previous year. In general, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 22%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Egypt ($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 (+9.5%), while the prices for the other major destinations experienced a decline.

Silicon Dioxide Imports

Imports into Slovakia

In 2021, after two years of growth, there was decline in supplies from abroad of silicon dioxide, when their volume decreased by -0.1% to X tons. Overall, imports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2013 with an increase of 55% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then declined slightly in the following year.

In value terms, silicon dioxide imports totaled $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +11.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +18.3% against 2017 indices. The pace of growth was the most pronounced in 2013 with an increase of 57% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Turkey (X tons), India (X tons) and Belgium (X tons) were the main suppliers of silicon dioxide imports to Slovakia, together comprising 58% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +178.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest silicon dioxide suppliers to Slovakia were Turkey ($X), Belgium ($X) and India ($X), together comprising 50% of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +164.6%, recorded the highest rates of growth with regard to 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 2021, the average silicon dioxide import price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the import price, however, recorded a perceptible curtailment. The growth pace was the most rapid in 2017 an increase of 20%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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