Slovakia: Toluene Market 2024

Toluene Market Size in Slovakia

The Slovak toluene market surged to $X in 2021, with an increase of 268% against the previous year. In general, consumption, however, recorded a abrupt contraction. Toluene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Toluene Production in Slovakia

In value terms, toluene production surged to $X in 2021 estimated in export price. In general, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 49% against the previous year. Toluene production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Toluene Exports

Exports from Slovakia

In 2021, approx. X tons of toluene were exported from Slovakia; increasing by 2.1% against the previous year. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 when exports increased by 30%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, toluene exports surged to $X in 2021. In general, exports, however, continue to indicate a slight decrease. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for toluene exports from Slovakia, accounting for a 30% share of total exports. Moreover, toluene exports to Poland exceeded the volume sent to the second major destination, Italy (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Poland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+2.3% per year) and Hungary (+46.0% per year).

In value terms, Poland ($X) remains the key foreign market for toluene exports from Slovakia, comprising 29% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Poland amounted to -6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.4% per year) and Hungary (+37.5% per year).

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, with an increase of 54% against the previous year. Over the period under review, the export price, however, recorded a deep slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Italy ($X per ton) and Hungary ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (-3.6%), while the prices for the other major destinations experienced a decline.

Toluene Imports

Imports into Slovakia

In 2021, toluene imports into Slovakia surged to X tons, with an increase of 401% on 2020. In general, imports saw perceptible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, toluene imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Hungary (X tons) constituted the largest toluene supplier to Slovakia, with a 73% share of total imports. Moreover, toluene imports from Hungary exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Hungary stood at +65.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-9.9% per year) and Belgium (+5.8% per year).

In value terms, Hungary ($X) constituted the largest supplier of toluene to Slovakia, comprising 73% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Hungary totaled +52.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-14.5% per year) and Belgium (+5.0% per year).

Import Prices by Country

In 2021, the average toluene import price amounted to $X per ton, with an increase of 40% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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