Slovenia: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in Slovenia

The Slovene polycarboxylic acid market declined to $X in 2022, dropping by -9.9% 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). The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Polycarboxylic Acid Exports

Exports from Slovenia

After three years of growth, overseas shipments of polycarboxylic acids decreased by -66.6% to X tons in 2022. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 when exports increased by 375%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped significantly in the following year.

In value terms, polycarboxylic acid exports fell rapidly to $X in 2022. In general, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 with an increase of 343% against the previous year. As a result, the exports attained the peak of $X, and then fell notably in the following year.

Exports by Country

Italy (X tons) was the main destination for polycarboxylic acid exports from Slovenia, with a 70% share of total exports. Moreover, polycarboxylic acid exports to Italy exceeded the volume sent to the second major destination, Croatia (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +92.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+28.1% per year) and Serbia (+4.3% per year).

In value terms, Italy ($X) remains the key foreign market for polycarboxylic acids exports from Slovenia, comprising 65% of total exports. The second position in the ranking was held by Croatia ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +89.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+26.4% per year) and Serbia (+3.6% per year).

Export Prices by Country

In 2022, the average polycarboxylic acid export price amounted to $X per ton, jumping by 17% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 63%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-0.7%), while the prices for the other major destinations experienced a decline.

Polycarboxylic Acid Imports

Imports into Slovenia

After three years of growth, supplies from abroad of polycarboxylic acids decreased by -25.5% to X tons in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then shrank notably in the following year.

In value terms, polycarboxylic acid imports dropped to $X in 2022. In general, total imports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Poland (X tons), China (X tons) and Hungary (X tons) were the main suppliers of polycarboxylic acid imports to Slovenia, with a combined 51% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +43.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to Slovenia were Poland ($X), China ($X) and Hungary ($X), together comprising 51% of total imports.

In terms of the main suppliers, China, with a CAGR of +42.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average polycarboxylic acid import price amounted to $X per ton, picking up by 17% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polycarboxylic acid import price increased by +73.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 49% against the previous year. Over the period under review, average import prices attained the maximum 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 Japan ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform