Slovenia: Formaldehyde Market 2024

Formaldehyde Market Size in Slovenia

The Slovene formaldehyde market rose slightly to $X in 2022, growing by 2.4% against the previous year. In general, consumption posted prominent growth. Formaldehyde consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Formaldehyde Production in Slovenia

In value terms, formaldehyde production shrank to $X in 2022 estimated in export price. In general, production, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 with an increase of 3.3%. Formaldehyde production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Formaldehyde Exports

Exports from Slovenia

Formaldehyde exports from Slovenia fell rapidly to X tons in 2022, with a decrease of -15.8% compared with 2021 figures. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 199% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, formaldehyde exports shrank dramatically to $X in 2022. Overall, exports faced a precipitous slump. The growth pace was the most rapid in 2021 with an increase of 136% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X tons) was the main destination for formaldehyde exports from Slovenia, with a 100% share of total exports. It was followed by Croatia (X kg), with less than 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy totaled +31.4%.

In value terms, Italy ($X) remains the key foreign market for formaldehyde exports from Slovenia, comprising 96% of total exports. The second position in the ranking was taken by Croatia ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Italy amounted to +21.4%.

Export Prices by Country

The average formaldehyde export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Italy stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+15.3%), while the prices for the other major destinations experienced mixed trend patterns.

Formaldehyde Imports

Imports into Slovenia

In 2018, the amount of formaldehyde imported into Slovenia stood at X tons, increasing by 5.1% compared with the previous year's figure. Over the period under review, total imports indicated resilient growth from 2012 to 2018: its volume increased at an average annual rate of +9.2% over the last six-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports increased by +69.9% against 2012 indices. The growth pace was the most rapid in 2014 when imports increased by 25% against the previous year. Over the period under review, imports hit record highs in 2018 and are likely to see gradual growth in the near future.

In value terms, formaldehyde imports surged to $X in 2018. In general, total imports indicated a prominent increase from 2012 to 2018: its value increased at an average annual rate of +11.1% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, imports increased by +68.4% against 2016 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 36%. Imports peaked in 2018 and are likely to see steady growth in years to come.

Imports by Country

In 2018, Italy (X tons) was the main supplier of formaldehyde to Slovenia, accounting for a approx. 100% share of total imports.

From 2012 to 2018, the average annual growth rate of volume from Italy stood at +9.7%.

In value terms, Italy ($X) constituted the largest supplier of formaldehyde to Slovenia.

From 2012 to 2018, the average annual growth rate of value from Italy amounted to +11.6%.

Import Prices by Country

In 2018, the average formaldehyde import price amounted to $X per ton, increasing by 18% against the previous year. In general, import price indicated a modest increase from 2012 to 2018: its price increased at an average annual rate of +1.7% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, formaldehyde import price increased by +57.0% 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, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2018, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Italy.

From 2012 to 2018, the rate of growth in terms of prices for Italy amounted to +1.7% per year.

Source: IndexBox Platform