Slovakia: Market for Vulcanised Cellular Rubber Articles For Technical Uses 2024

Market Size for Vulcanised Cellular Rubber Articles For Technical Uses in Slovakia

The Slovak vulcanised cellular rubber articles market surged to $X in 2021, growing by 19% against 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). In general, consumption saw a remarkable increase. Vulcanised cellular rubber articles consumption peaked in 2021 and is expected to retain growth in the near future.

Exports of Vulcanised Cellular Rubber Articles For Technical Uses

Exports from Slovakia

In 2021, exports of vulcanised cellular rubber articles for technical uses from Slovakia skyrocketed to X tons, with an increase of 178% compared with 2020. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 202%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised cellular rubber articles exports soared to $X in 2021. Over the period under review, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons) was the main destination for vulcanised cellular rubber articles exports from Slovakia, accounting for a 70% share of total exports. Moreover, vulcanised cellular rubber articles exports to the UK exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Hungary (X tons), with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled +285.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+31.3% per year) and Hungary (+13.6% per year).

In value terms, the UK ($X) emerged as the key foreign market for vulcanised cellular rubber articles for technical uses exports from Slovakia, comprising 46% of total exports. The second position in the ranking was held by Poland ($X), with a 22% share of total exports. It was followed by Hungary, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +282.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+21.4% per year) and Hungary (-2.9% per year).

Export Prices by Country

In 2021, the average vulcanised cellular rubber articles export price amounted to $X per ton, declining by -35.2% against the previous year. Over the period under review, the export price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 an increase of 42%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Romania ($X per ton), while the average price for exports to the UK ($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 Romania (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vulcanised Cellular Rubber Articles For Technical Uses

Imports into Slovakia

For the fourth year in a row, Slovakia recorded growth in purchases abroad of vulcanised cellular rubber articles for technical uses, which increased by 40% to X tons in 2021. Over the period under review, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2019 when imports increased by 59%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, vulcanised cellular rubber articles imports expanded significantly to $X in 2021. In general, imports saw strong growth. The pace of growth was the most pronounced in 2018 when imports increased by 93% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Poland (X tons) constituted the largest vulcanised cellular rubber articles supplier to Slovakia, with a 39% share of total imports. Moreover, vulcanised cellular rubber articles imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Poland stood at +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and China (+13.4% per year).

In value terms, Poland ($X), Germany ($X) and the Czech Republic ($X) were the largest vulcanised cellular rubber articles suppliers to Slovakia, together comprising 58% of total imports. China, South Korea, Hungary, Spain and Italy lagged somewhat behind, together accounting for a further 29%.

Spain, with a CAGR of +92.2%, saw the highest growth rate of 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

The average vulcanised cellular rubber articles import price stood at $X per ton in 2021, with a decrease of -19.5% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 35%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 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, the country with the highest price was Hungary ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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