Slovakia: Sulphites Market 2024

Sulphites Market Size in Slovakia

The Slovak sulphites market declined sharply to $X in 2022, which is down by -16% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a resilient increase. Sulphites consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Sulphites Exports

Exports from Slovakia

In 2022, after four years of decline, there was significant growth in overseas shipments of sulphites, when their volume increased by 1,455% to X tons. Overall, exports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 4,184% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, sulphites exports soared to $X in 2022. Over the period under review, exports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 3,446% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for sulphites exports from Slovakia, with a 83% share of total exports. Moreover, sulphites exports to Poland exceeded the volume sent to the second major destination, Hungary (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Poland totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-26.0% per year) and Ukraine (0.0% per year).

In value terms, Poland ($X) remains the key foreign market for sulphites exports from Slovakia, comprising 87% of total exports. The second position in the ranking was taken by Hungary ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Poland stood at +17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-25.5% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2022, the average sulphites export price amounted to $X per ton, surging by 65% against the previous year. Over the period under review, the export price showed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Hungary ($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 Poland (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Sulphites Imports

Imports into Slovakia

In 2022, the amount of sulphites imported into Slovakia shrank notably to X tons, which is down by -27.3% against 2021 figures. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 232%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, sulphites imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest supplier of sulphites to Slovakia, accounting for a 86% share of total imports. Moreover, sulphites imports from Italy exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. The third position in this ranking was taken by Poland (X tons), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at +50.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-14.3% per year) and Poland (+15.9% per year).

In value terms, Italy ($X) constituted the largest supplier of sulphites to Slovakia, comprising 70% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 14% share of total imports. It was followed by Germany, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value from Italy stood at +39.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-9.9% per year) and Germany (+1.8% per year).

Import Prices by Country

The average sulphites import price stood at $X per ton in 2022, growing by 71% against the previous year. Overall, the import price, however, showed a abrupt downturn. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Italy ($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 (+5.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :