Slovenia: Other Chemical Products Market 2024

Other Chemical Products Market Size in Slovenia

The Slovene other chemical products market stood at less than $X in 2022, approximately equating the previous year. Over the period under review, consumption continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Other Chemical Products Production in Slovenia

In value terms, other chemical products production amounted to $X in 2022 estimated in export price. Overall, production showed a precipitous descent. The growth pace was the most rapid in 2014 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Other Chemical Products Exports

Exports from Slovenia

For the fifth year in a row, Slovenia recorded growth in overseas shipments of other chemical products, which increased by 6.4% to X tons in 2016. Over the period under review, total exports indicated a resilient expansion from 2012 to 2016: its volume increased at an average annual rate of +12.1% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, exports increased by +58.1% against 2012 indices. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. Over the period under review, the exports hit record highs in 2016 and are expected to retain growth in years to come.

In value terms, other chemical products exports reduced to $X in 2016. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2016; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 23%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2016, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Austria (X tons) and Germany (X tons) were the main destinations of other chemical products exports from Slovenia, with a combined 63% share of total exports. Italy, Serbia, Croatia, the Czech Republic, Romania, Russia, the Netherlands, Denmark and Hungary lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +95.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for other chemical products exported from Slovenia were Austria ($X), Germany ($X) and Italy ($X), with a combined 51% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +35.6%, recorded the highest rates of growth with regard to 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 other chemical products export price stood at $X per ton in 2016, shrinking by -8.4% against the previous year. In general, the export price showed a deep contraction. The growth pace was the most rapid in 2013 when the average export price increased by 5% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2016, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Other Chemical Products Imports

Imports into Slovenia

In 2016, the amount of other chemical products imported into Slovenia amounted to X tons, with an increase of 12% on 2015. The total import volume increased at an average annual rate of +2.4% from 2012 to 2016; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, other chemical products imports soared to $X in 2016. The total import value increased at an average annual rate of +7.5% over the period from 2012 to 2016; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 19%. Imports peaked in 2016 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of other chemical products imports to Slovenia, with a combined 59% share of total imports. France, the Netherlands, the UK, Latvia, Belgium, Poland, Croatia, Bosnia and Herzegovina and China lagged somewhat behind, together comprising a further 33%.

From 2012 to 2016, the biggest increases were recorded for Latvia (with a CAGR of +812.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of other chemical products to Slovenia, comprising 34% of total imports. The second position in the ranking was held by Austria ($X), with a 13% share of total imports. It was followed by Italy, with a 10% share.

From 2012 to 2016, the average annual growth rate of value from Germany stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+34.3% per year) and Italy (+10.1% per year).

Import Prices by Country

In 2016, the average other chemical products import price amounted to $X per ton, surging by 3.4% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2016, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Croatia (+31.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform