Slovakia: Fluorescent Brightening Agents Market 2024

Fluorescent Brightening Agents Market Size in Slovakia

The Slovak fluorescent brightening agents market fell slightly to $X in 2022, approximately reflecting 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, recorded resilient growth. Fluorescent brightening agents consumption peaked at $X in 2021, and then declined slightly in the following year.

Fluorescent Brightening Agents Exports

Exports from Slovakia

For the seventh consecutive year, Slovakia recorded decline in overseas shipments of synthetic organic products used as fluorescent brightening agents, which decreased by -7% to X tons in 2022. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 12%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, fluorescent brightening agents exports shrank modestly to $X in 2022. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 6.1%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons) was the main destination for fluorescent brightening agents exports from Slovakia, accounting for a 86% share of total exports. Moreover, fluorescent brightening agents exports to the Czech Republic exceeded the volume sent to the second major destination, Slovenia (X tons), eightfold. The third position in this ranking was taken by Italy (X kg), with a 2% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-5.9% per year) and Italy (-23.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for synthetic organic products used as fluorescent brightening agents exports from Slovakia, comprising 85% of total exports. The second position in the ranking was taken by Slovenia ($X), with an 11% share of total exports. It was followed by Ukraine, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+2.5% per year) and Ukraine (-21.5% per year).

Export Prices by Country

In 2022, the average fluorescent brightening agents export price amounted to $X per ton, growing by 3% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 73% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($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 Austria (+42.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Brightening Agents Imports

Imports into Slovakia

In 2022, the amount of synthetic organic products used as fluorescent brightening agents imported into Slovakia shrank notably to X tons, dropping by -15.6% compared with 2021 figures. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.0% 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 +19.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, fluorescent brightening agents imports expanded sharply to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 63% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons) was the main fluorescent brightening agents supplier to Slovakia, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +5.3%.

In value terms, Germany ($X) constituted the largest supplier of synthetic organic products used as fluorescent brightening agents to Slovakia.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +7.5%.

Import Prices by Country

In 2022, the average fluorescent brightening agents import price amounted to $X per ton, growing by 29% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 59%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Germany.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +2.1% per year.

Source: IndexBox Platform

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