Slovakia: Sulphonamides Market 2024

Sulphonamides Market Size in Slovakia

In 2021, the Slovak sulphonamides market increased by 28% to $X, rising for the fourth consecutive year after three years of decline. Over the period under review, consumption saw a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2014; afterwards, it flattened through to 2021.

Sulphonamides Exports

Exports from Slovakia

In 2021, sulphonamides exports from Slovakia skyrocketed to X kg, picking up by 16% against 2020. In general, exports, however, saw a dramatic slump. The pace of growth was the most pronounced in 2019 with an increase of 1,993%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, sulphonamides exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 2,908% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X kg) was the main destination for sulphonamides exports from Slovakia, with a 82% share of total exports. Moreover, sulphonamides exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X kg), more than tenfold. The third position in this ranking was held by France (X kg), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-23.6% per year) and France (0.0% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for sulphonamides exports from Slovakia, comprising 90% of total exports. The second position in the ranking was taken by France ($X), with a 2.3% share of total exports. It was followed by Poland, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at -9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (0.0% per year) and Poland (0.0% per year).

Export Prices by Country

The average sulphonamides export price stood at $X per ton in 2021, surging by 19% against the previous year. Over the period under review, the export price showed a temperate expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 247%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Germany ($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 Russia (+35.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphonamides Imports

Imports into Slovakia

In 2021, sulphonamides imports into Slovakia skyrocketed to X tons, increasing by 55% compared with 2020 figures. Overall, imports showed a notable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 93%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sulphonamides imports expanded to $X in 2021. Over the period under review, total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 63%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest sulphonamides supplier to Slovakia, accounting for a 54% share of total imports. Moreover, sulphonamides imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by India (X tons), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.8% per year) and India (+9.5% per year).

In value terms, the largest sulphonamides suppliers to Slovakia were India ($X), France ($X) and Germany ($X), with a combined 73% share of total imports.

In terms of the main suppliers, France, with a CAGR of +48.9%, 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 2021, the average sulphonamides import price amounted to $X per ton, falling by -33% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 103%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+20.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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