Slovakia: Thiosulphates Market 2024

Thiosulphates Market Size in Slovakia

In 2021, the Slovak thiosulphates market decreased by -58.9% to $X, falling for the fourth year in a row after two years of growth. Over the period under review, consumption recorded a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Thiosulphates Exports

Exports from Slovakia

In 2021, shipments abroad of thiosulphates decreased by -99.7% to X kg, falling for the second consecutive year after four years of growth. Overall, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by 435%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, thiosulphates exports declined sharply to $X in 2021. Over the period under review, exports continue to indicate a sharp contraction. The most prominent rate of growth was recorded in 2018 with an increase of 387% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X kg) was the main destination for thiosulphates exports from Slovakia, accounting for a 63% share of total exports. Moreover, thiosulphates exports to Poland exceeded the volume sent to the second major destination, the Czech Republic (X kg), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Poland amounted to -97.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-20.6% per year) and Germany (0.0% per year).

In value terms, Poland ($X) emerged as the key foreign market for thiosulphates exports from Slovakia, comprising 61% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to -92.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-17.1% per year) and Germany (0.0% per year).

Export Prices by Country

In 2021, the average thiosulphates export price amounted to $X per ton, waning by -2.6% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2020 an increase of 118%. As a result, the export price reached the peak level of $X per ton, and then declined slightly in the following year.

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 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 Poland (+148.3%), while the prices for the other major destinations experienced more modest paces of growth.

Thiosulphates Imports

Imports into Slovakia

In 2021, supplies from abroad of thiosulphates decreased by -75.4% to X tons, falling for the fourth year in a row after two years of growth. In general, imports continue to indicate a sharp shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 41%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, thiosulphates imports reduced modestly to $X in 2021. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 53% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest thiosulphates supplier to Slovakia, accounting for a 45% share of total imports. Moreover, thiosulphates imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Poland (X tons), with a 21% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-26.3% per year) and Poland (-23.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of thiosulphates to Slovakia, comprising 69% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Poland, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic totaled +53.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-20.2% per year) and Poland (-23.2% per year).

Import Prices by Country

The average thiosulphates import price stood at $X per ton in 2021, with an increase of 300% against the previous year. Overall, the import price saw a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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