Slovakia: Sulphur Market 2024

Sulphur Market Size in Slovakia

In 2021, the Slovak sulphur market decreased by -86.5% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a sharp shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 8.5%. Sulphur consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sulphur Production in Slovakia

In value terms, sulphur production rose sharply to $X in 2021 estimated in export price. In general, production saw a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 7.6% against the previous year. Sulphur production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Sulphur Exports

Exports from Slovakia

In 2021, approx. X tons of sulphur (sublimed or precipitated) and colloidal sulphur were exported from Slovakia; which is down by -6.9% against the previous year. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 21%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, sulphur exports expanded sharply to $X in 2021. Over the period under review, exports saw a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), the Czech Republic (X tons) and Slovenia (X tons) were the main destinations of sulphur exports from Slovakia, together comprising 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +5.0%), while the other leaders experienced a decline.

In value terms, the largest markets for sulphur exported from Slovakia were Austria ($X), the Czech Republic ($X) and Slovenia ($X), with a combined 100% share of total exports.

Austria, with a CAGR of -5.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average sulphur export price amounted to $X per ton, increasing by 21% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Slovenia ($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 Italy (+5.3%), while the prices for the other major destinations experienced a decline.

Sulphur Imports

Imports into Slovakia

In 2021, purchases abroad of sulphur (sublimed or precipitated) and colloidal sulphur increased by 35% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 1,337% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, sulphur imports surged to $X in 2021. Over the period under review, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 1,750% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of sulphur to Slovakia, accounting for a 70% share of total imports. Moreover, sulphur imports from Austria exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. The third position in this ranking was taken by India (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +127.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.4% per year) and India (-10.9% per year).

In value terms, the largest sulphur suppliers to Slovakia were India ($X), Germany ($X) and Austria ($X), with a combined 94% share of total imports.

Among the main suppliers, Austria, with a CAGR of +79.6%, recorded the highest rates of growth with regard to 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 sulphur import price amounted to $X per ton, rising by 12% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The growth pace was the most rapid in 2014 an increase of 197% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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