Slovakia: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Slovakia

The Slovak plastic ornamental articles market skyrocketed to $X in 2022, increasing by 34% against the previous year. In general, consumption recorded a strong expansion. Plastic ornamental articles consumption peaked in 2022 and is likely to continue growth in the near future.

Plastic Ornamental Articles Production in Slovakia

In value terms, plastic ornamental articles production expanded markedly to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 2,648%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Plastic Ornamental Articles Exports

Exports from Slovakia

In 2022, plastic ornamental articles exports from Slovakia reduced slightly to X tons, which is down by -2.4% against the previous year. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 291%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined slightly in the following year.

In value terms, plastic ornamental articles exports dropped to $X in 2022. Over the period under review, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 165% against the previous year. The exports peaked at $X in 2021, and then dropped in the following year.

Exports by Country

Austria (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main destinations of plastic ornamental articles exports from Slovakia, together accounting for 63% of total exports. Poland, Romania, Italy and Croatia lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +58.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for plastic ornamental articles exported from Slovakia were Austria ($X), the Czech Republic ($X) and Hungary ($X), with a combined 59% share of total exports. Poland, Romania, Italy and Croatia lagged somewhat behind, together comprising a further 25%.

Among the main countries of destination, Romania, with a CAGR of +42.9%, saw 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 ornamental articles export price stood at $X per ton in 2022, flattening at the previous year. Overall, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per ton) and Poland ($X per ton), while the average price for exports to Hungary ($X per ton) and Croatia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (-2.0%), while the prices for the other major destinations experienced a decline.

Plastic Ornamental Articles Imports

Imports into Slovakia

In 2022, after three years of decline, there was significant growth in purchases abroad of statuettes and other ornamental articles of plastic, when their volume increased by 16% to X tons. In general, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 76%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, plastic ornamental articles imports soared to $X in 2022. Over the period under review, imports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 90% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Slovakia, with a 71% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Poland (X tons), sevenfold. The third position in this ranking was held by the Czech Republic (X tons), with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+27.7% per year) and the Czech Republic (+11.5% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Slovakia, comprising 81% of total imports. The second position in the ranking was held by Poland ($X), with a 4% share of total imports. It was followed by Germany, with a 3.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+21.5% per year) and Germany (+3.2% per year).

Import Prices by Country

In 2022, the average plastic ornamental articles import price amounted to $X per ton, growing by 5.3% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; afterwards, it flattened through to 2022.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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