Slovakia: Zinc Market 2025

Zinc Market Size in Slovakia

The Slovak zinc market rose rapidly to $X in 2021, increasing by 13% 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, however, enjoyed prominent growth. Zinc consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Zinc Exports

Exports from Slovakia

Zinc exports from Slovakia surged to X tons in 2021, rising by 21% compared with the previous year. Overall, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +38.2% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 41% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, zinc exports soared to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +53.9% against 2019 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 68% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The Czech Republic (X tons) was the main destination for zinc exports from Slovakia, accounting for a 58% share of total exports. Moreover, zinc exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), fourfold. Hungary (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+16.8% per year) and Hungary (-2.7% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for zinc exports from Slovakia, comprising 58% of total exports. The second position in the ranking was held by Poland ($X), with a 14% share of total exports. It was followed by Hungary, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+22.7% per year) and Hungary (+1.3% per year).

Export Prices by Country

In 2021, the average zinc export price amounted to $X per ton, surging by 12% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 an increase of 33%. 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.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Germany ($X per ton) and the Czech Republic ($X per ton), while the average price for exports to Belgium ($X per ton) and Ukraine ($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 Ukraine (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Zinc Imports

Imports into Slovakia

Zinc imports into Slovakia totaled X tons in 2021, picking up by 6.3% compared with 2020. Overall, total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +3.1% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by 39%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, zinc imports surged to $X in 2021. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of 53% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X tons), Hungary (X tons) and Finland (X tons) were the main suppliers of zinc imports to Slovakia, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +90.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Bulgaria ($X) were the largest zinc suppliers to Slovakia, together accounting for 60% of total imports.

Hungary, with a CAGR of +110.0%, recorded the highest growth rate of the value of imports, among 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 zinc import price amounted to $X per ton, surging by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The pace of growth was the most pronounced in 2017 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Hungary ($X per ton) and Poland ($X per ton), while the price for Finland ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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