Slovakia: Plastic Support Market 2024

Plastic Support Market Size in Slovakia

In 2022, after two years of growth, there was significant decline in the Slovak plastic support market, when its value decreased by -21.6% to $X. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted remarkably in the following year.

Plastic Support Production in Slovakia

In value terms, plastic support production declined to $X in 2022 estimated in export price. In general, production, however, faced a precipitous shrinkage. The growth pace was the most rapid in 2021 with an increase of 23%. Plastic support production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Plastic Support Exports

Exports from Slovakia

Plastic support exports from Slovakia amounted to X tons in 2022, picking up by 2.2% against 2021 figures. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2016 when exports increased by 64%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, plastic support exports fell slightly to $X in 2022. Overall, exports showed a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 73%. The exports peaked at $X in 2021, and then contracted modestly in the following year.

Exports by Country

Spain (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of plastic support exports from Slovakia, with a combined 45% share of total exports. Italy, France, Poland, Hungary, Lithuania, Turkey, Serbia, Denmark, the UK and China lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +229.9%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the Czech Republic ($X) constituted the largest markets for plastic support exported from Slovakia worldwide, with a combined 44% share of total exports. France, Italy, Turkey, Poland, Hungary, Denmark, the UK, Lithuania, Serbia and China lagged somewhat behind, together accounting for a further 41%.

In terms of the main countries of destination, Lithuania, with a CAGR of +207.6%, recorded 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 plastic support export price stood at $X per ton in 2022, declining by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2017 an increase of 23%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Serbia ($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 Turkey (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Support Imports

Imports into Slovakia

In 2022, overseas purchases of spools, cops and similar supports of plastics decreased by -20.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, imports attained the peak figure at X tons in 2021, and then dropped dramatically in the following year.

In value terms, plastic support imports rose notably to $X in 2022. In general, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.3% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 34%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Slovenia (X tons) and the Czech Republic (X tons) were the main suppliers of plastic support imports to Slovakia, with a combined 43% share of total imports. The UK, Poland, Italy, Hungary, Austria, Sweden, Spain, Turkey and France lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest plastic support suppliers to Slovakia were Germany ($X), Slovenia ($X) and the Czech Republic ($X), with a combined 46% share of total imports. Italy, Poland, Turkey, Hungary, the UK, Austria, France, Spain and Sweden lagged somewhat behind, together accounting for a further 38%.

Turkey, with a CAGR of +25.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average plastic support import price stood at $X per ton in 2022, rising by 39% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic support import price increased by +64.2% against 2020 indices. As a result, import price attained 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 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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