Slovakia: Plastic Supports Market 2024

Plastic Supports Market Size in Slovakia

In 2022, the Slovak plastic supports market increased by 0.7% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Plastic Supports Production in Slovakia

In value terms, plastic supports production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 23%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Plastic Supports Exports

Exports from Slovakia

In 2022, exports of spools, cops, bobbins and similar supports of plastics from Slovakia dropped to X tons, reducing by -12% compared with the year before. Over the period under review, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of X tons, and then declined in the following year.

In value terms, plastic supports exports shrank to $X in 2022. Overall, exports, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when exports increased by 35%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

Italy (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of plastic supports exports from Slovakia, together accounting for 38% of total exports. Hungary, Spain, Poland, Turkey, Serbia, France and Bulgaria lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +75.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Hungary ($X) appeared to be the largest markets for plastic supports exported from Slovakia worldwide, together accounting for 47% of total exports. Germany, Spain, the Czech Republic, Poland, Serbia, France and Bulgaria lagged somewhat behind, together comprising a further 41%.

Among the main countries of destination, Serbia, with a CAGR of +52.3%, saw the highest rates of growth with regard to 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

In 2022, the average plastic supports export price amounted to $X per ton, surging by 4.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, 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 (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Supports Imports

Imports into Slovakia

In 2022, after two years of growth, there was significant decline in supplies from abroad of spools, cops, bobbins and similar supports of plastics, when their volume decreased by -12.1% to X tons. Overall, imports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 56%. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, plastic supports imports fell to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +34.1% against 2018 indices. The growth pace was the most rapid in 2021 when imports increased by 53%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main suppliers of plastic supports imports to Slovakia, together comprising 38% of total imports. The Czech Republic, Poland, Turkey, Spain, Hungary, Romania and France lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Germany ($X) constituted the largest plastic supports suppliers to Slovakia, together accounting for 41% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +39.3%, 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

In 2022, the average plastic supports import price amounted to $X per ton, surging by 6.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 9.4%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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 ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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