Slovakia: Sulphuric Acid Market 2025

Sulphuric Acid Market Size in Slovakia

The Slovak sulphuric acid market soared to $X in 2022, rising by 56% 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). In general, consumption saw a noticeable expansion. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Sulphuric Acid Exports

Exports from Slovakia

In 2022, the amount of sulphuric acid and oleum exported from Slovakia shrank to X tons, with a decrease of -12.6% compared with the year before. In general, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 481% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphuric acid exports shrank notably to $X in 2022. Over the period under review, exports recorded a significant decrease. The most prominent rate of growth was recorded in 2015 with an increase of 73% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for sulphuric acid exports from Slovakia, with a 92% share of total exports. Moreover, sulphuric acid exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Czech Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-6.9% per year) and Poland (-10.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for sulphuric acid and oleum exports from Slovakia, comprising 82% of total exports. The second position in the ranking was held by Poland ($X), with an 8.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-23.6% per year) and Hungary (-22.1% per year).

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2022, with a decrease of -22.9% against the previous year. Over the period under review, the export price faced a deep contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 317%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to the Czech Republic ($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 Romania (+7.1%), while the prices for the other major destinations experienced a decline.

Sulphuric Acid Imports

Imports into Slovakia

Sulphuric acid imports into Slovakia soared to X tons in 2022, with an increase of 30% on 2021 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.2% 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 +31.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, sulphuric acid imports soared to $X in 2022. Overall, imports posted a perceptible expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) constituted the largest sulphuric acid supplier to Slovakia, with a 54% share of total imports. Moreover, sulphuric acid imports from Poland exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. Hungary (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+11.4% per year) and Hungary (+27.3% per year).

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) were the largest sulphuric acid suppliers to Slovakia, with a combined 90% share of total imports.

Among the main suppliers, Hungary, with a CAGR of +24.0%, 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 sulphuric acid import price amounted to $X per ton, picking up by 32% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 the Czech Republic ($X per ton), while the price for Hungary ($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 (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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