Slovenia: Chemically Modified Oils Market 2025

Chemically Modified Oils Market Size in Slovenia

The Slovene chemically modified oils market dropped notably to $X in 2022, declining by -68.2% against the previous year. Over the period under review, consumption showed a deep setback. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank dramatically in the following year.

Chemically Modified Oils Production in Slovenia

In value terms, chemically modified oils production amounted to $X in 2022 estimated in export price. Over the period under review, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The pace of growth was the most pronounced in 2019 when the production volume increased by 37%. Chemically modified oils production peaked at $X in 2020; afterwards, it flattened through to 2022.

Chemically Modified Oils Exports

Exports from Slovenia

In 2022, the amount of animal or vegetable fats and oils chemically modified exported from Slovenia soared to X tons, picking up by 22% on the previous year's figure. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, chemically modified oils exports soared to $X in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 144% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Austria (X tons) was the main destination for chemically modified oils exports from Slovenia, with a 36% share of total exports. Moreover, chemically modified oils exports to Austria exceeded the volume sent to the second major destination, Hungary (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria stood at +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+40.1% per year) and the Netherlands (+39.3% per year).

In value terms, Austria ($X) remains the key foreign market for animal or vegetable fats and oils chemically modified exports from Slovenia, comprising 34% of total exports. The second position in the ranking was taken by Hungary ($X), with a 16% share of total exports. It was followed by the Netherlands, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to Austria totaled +13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+48.4% per year) and the Netherlands (+46.9% per year).

Export Prices by Country

In 2022, the average chemically modified oils export price amounted to $X per ton, which is down by -4.7% against the previous year. In general, the export price, however, continues to indicate a moderate expansion. The growth pace was the most rapid in 2021 when the average export price increased by 83%. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Croatia ($X per ton) and Germany ($X per ton), while the average price for exports to Austria ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Chemically Modified Oils Imports

Imports into Slovenia

Chemically modified oils imports into Slovenia declined to X tons in 2022, waning by -12% on the year before. In general, imports, however, posted a noticeable increase. The pace of growth was the most pronounced in 2021 with an increase of 64%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, chemically modified oils imports expanded to $X in 2022. Overall, imports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 123%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Germany (X tons), Croatia (X tons) and Bosnia and Herzegovina (X tons) were the main suppliers of chemically modified oils imports to Slovenia, with a combined 84% share of total imports. Albania, Slovakia, Montenegro, Serbia and Austria lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Albania (with a CAGR of +77.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Croatia ($X) and Bosnia and Herzegovina ($X) appeared to be the largest chemically modified oils suppliers to Slovenia, together comprising 80% of total imports. Albania, Montenegro, Slovakia, Serbia and Austria lagged somewhat behind, together accounting for a further 16%.

Albania, with a CAGR of +117.8%, saw 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

The average chemically modified oils import price stood at $X per ton in 2022, picking up by 17% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chemically modified oils import price increased by +84.6% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 36% against the previous year. The import price peaked in 2022 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 Austria ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform