Slovakia: Unsaturated Acyclic Hydrocarbons Market 2024

Unsaturated Acyclic Hydrocarbons Market Size in Slovakia

The Slovak unsaturated acyclic hydrocarbons market declined to $X in 2021, waning by -8.2% against the previous year. Over the period under review, consumption continues to indicate a noticeable setback. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Production in Slovakia

In value terms, unsaturated acyclic hydrocarbons production surged to $X in 2021 estimated in export price. Overall, production, however, showed a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 140%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Unsaturated Acyclic Hydrocarbons Exports

Exports from Slovakia

In 2021, shipments abroad of unsaturated acyclic hydrocarbons decreased by -20.3% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 582%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated acyclic hydrocarbons exports soared to $X in 2021. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 338% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons), Hungary (X tons) and the Czech Republic (X tons) were the main destinations of unsaturated acyclic hydrocarbons exports from Slovakia, with a combined 92% share 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 Hungary (with a CAGR of +173.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for unsaturated acyclic hydrocarbons exported from Slovakia were Hungary ($X), Germany ($X) and Austria ($X), with a combined 91% share of total exports.

Hungary, with a CAGR of +128.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons export price amounted to $X per ton, growing by 168% against the previous year. Over the period under review, the export price saw buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United Arab Emirates ($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 Austria (+0.5%), while the prices for the other major destinations experienced a decline.

Unsaturated Acyclic Hydrocarbons Imports

Imports into Slovakia

For the ninth consecutive year, Slovakia recorded decline in supplies from abroad of unsaturated acyclic hydrocarbons, which decreased by -2.9% to X tons in 2021. In general, imports faced a abrupt curtailment. The smallest decline of -1.5% was in 2014. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, unsaturated acyclic hydrocarbons imports reached $X in 2021. Overall, imports showed a deep downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest unsaturated acyclic hydrocarbons supplier to Slovakia, accounting for a 57% share of total imports. Moreover, unsaturated acyclic hydrocarbons imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+1.8% per year) and Germany (-17.9% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of unsaturated acyclic hydrocarbons to Slovakia, comprising 47% of total imports. The second position in the ranking was taken by Germany ($X), with a 23% share of total imports. It was followed by Hungary, with a 22% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.4% per year) and Hungary (+4.4% per year).

Import Prices by Country

In 2021, the average unsaturated acyclic hydrocarbons import price amounted to $X per ton, rising by 12% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated acyclic hydrocarbons import price increased by +77.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of 18%. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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