Slovakia: Market for Unsaturated Polyesters In Primary Forms 2024

Market Size for Unsaturated Polyesters In Primary Forms in Slovakia

In 2021, the Slovak market for unsaturated polyesters in primary forms increased by 20% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Unsaturated polyesters in primary forms consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Unsaturated Polyesters In Primary Forms in Slovakia

In value terms, unsaturated polyesters in primary forms production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Exports of Unsaturated Polyesters In Primary Forms

Exports from Slovakia

In 2021, shipments abroad of unsaturated polyesters in primary forms was finally on the rise to reach X tons after four years of decline. In general, total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, unsaturated polyesters in primary forms exports skyrocketed to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for unsaturated polyesters in primary forms exports from Slovakia, accounting for a 47% share of total exports. Moreover, unsaturated polyesters in primary forms exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Portugal (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +40.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+0.9% per year) and Portugal (+17.9% per year).

In value terms, Germany ($X), the Czech Republic ($X) and Portugal ($X) appeared to be the largest markets for unsaturated polyesters in primary forms exported from Slovakia worldwide, together accounting for 82% of total exports.

Among the main countries of destination, Germany, with a CAGR of +43.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for unsaturated polyesters in primary forms stood at $X per ton in 2021, jumping by 28% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, unsaturated polyesters in primary forms export price increased by +104.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 33% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Portugal ($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 Hungary (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Unsaturated Polyesters In Primary Forms

Imports into Slovakia

In 2021, overseas purchases of unsaturated polyesters in primary forms were finally on the rise to reach X tons after two years of decline. In general, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, unsaturated polyesters in primary forms imports skyrocketed to $X in 2021. Overall, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), the Czech Republic (X tons) and Portugal (X tons) were the main suppliers of unsaturated polyesters in primary forms imports to Slovakia, together comprising 48% of total imports. The Netherlands, Germany, Finland, France, Poland, Slovenia and Austria lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +88.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Czech Republic ($X) and the Netherlands ($X) appeared to be the largest unsaturated polyesters in primary forms suppliers to Slovakia, together comprising 59% of total imports.

The Netherlands, with a CAGR of +79.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for unsaturated polyesters in primary forms amounted to $X per ton, declining by -4.8% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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