Slovenia: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Slovenia

In 2022, the Slovene polypropylene in primary forms market increased by 38% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a prominent expansion. Polypropylene in primary forms consumption peaked in 2022 and is expected to retain growth in the immediate term.

Exports of Polypropylene in Primary Forms

Exports from Slovenia

Polypropylene in primary forms exports from Slovenia declined significantly to X tons in 2022, which is down by -49.8% compared with the year before. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 77%. The exports peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, polypropylene in primary forms exports fell notably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 139%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Italy (X tons), the Czech Republic (X tons) and Croatia (X tons) were the main destinations of polypropylene in primary forms exports from Slovenia, with a combined 77% share of total exports. Austria, Serbia, Bosnia and Herzegovina, Germany, Hungary, France and Poland lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +17.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for polypropylene in primary forms exported from Slovenia were Italy ($X), the Czech Republic ($X) and Croatia ($X), with a combined 71% share of total exports. Austria, Bosnia and Herzegovina, Serbia, Hungary, Germany, France and Poland lagged somewhat behind, together accounting for a further 23%.

Among the main countries of destination, Serbia, with a CAGR of +17.7%, recorded the highest growth rate of 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

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, dropping by -5.2% against the previous year. Overall, the export price, however, saw a slight expansion. The growth pace was the most rapid in 2021 an increase of 40% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Italy ($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 Hungary (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Slovenia

In 2022, approx. X tons of polypropylene in primary forms were imported into Slovenia; declining by -7.8% compared with the previous year. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 34% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, polypropylene in primary forms imports declined to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 99%. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Italy (X tons), Germany (X tons) and Egypt (X tons) were the main suppliers of polypropylene in primary forms imports to Slovenia, with a combined 50% share of total imports. Saudi Arabia, Belgium, Austria, Hungary, Spain, Serbia, South Korea, the Netherlands, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +50.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Egypt ($X) appeared to be the largest polypropylene in primary forms suppliers to Slovenia, with a combined 53% share of total imports. Belgium, Saudi Arabia, Hungary, Austria, Spain, Serbia, the Netherlands, South Korea, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 38%.

South Korea, with a CAGR of +51.0%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 polypropylene in primary forms import price stood at $X per ton in 2022, remaining constant against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2021 an increase of 48% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform