Report Update: Apr 1, 2024

Slovakia - Synthetic Rubber - Market Analysis, Forecast, Size, Trends And Insights

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Synthetic Rubber Price in Slovakia - 2023

Synthetic Rubber Price in Slovakia (CIF) - 2022

The average synthetic rubber import price stood at $2,023 per ton in 2021, jumping by 22% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 25%. Over the period under review, average import prices attained the peak figure at $3,397 per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($3,302 per ton), while the price for Hungary ($1,496 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.6%), while the prices for the other major suppliers experienced a decline.

Synthetic Rubber Price in Slovakia (FOB) - 2022

The average synthetic rubber export price stood at $2,598 per ton in 2021, rising by 13% against the previous year. In general, the export price, however, saw a deep setback. The pace of growth was the most pronounced in 2017 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices hit record highs at $4,257 per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($4,583 per ton), while the average price for exports to Italy ($554 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.6%), while the prices for the other major destinations experienced a decline.

Synthetic Rubber Imports in Slovakia

In 2022, approx. 80K tons of synthetic rubber were imported into Slovakia; declining by -8.8% against 2021 figures. Over the period under review, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of 87K tons, and then contracted in the following year.

In value terms, synthetic rubber imports dropped markedly to $148M in 2022. In general, imports showed a mild shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 48%. As a result, imports attained the peak of $177M, and then declined sharply in the following year.

Import of Synthetic Rubber in Slovakia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Russia	68.6	47.3	66.9	-1.2%
Germany	21.6	14.2	24.7	6.9%
Czech Republic	12.1	6.1	23.6	39.7%
Italy	10.2	11.7	13.7	15.9%
Malaysia	7.3	7.7	13.7	37.0%
Hungary	N/A	0.2	5.6	2700.0%
Poland	2.6	4.4	4.1	25.6%
Japan	8.5	6.7	3.5	-35.8%
Others	22.1	21.3	21.2	-2.1%
Total	153	119	177	7.6%

Top Suppliers of Synthetic Rubber to Slovakia in 2022:

Russia (38.2K tons)
Czech Republic (12.0K tons)
Germany (11.1K tons)
Malaysia (7.6K tons)
Italy (5.2K tons)
Hungary (3.7K tons)
Poland (2.1K tons)
Japan (1.1K tons)

Synthetic Rubber Exports in Slovakia

Synthetic rubber exports from Slovakia contracted sharply to 4K tons in 2022, waning by -19.7% on 2021 figures. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +6.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. As a result, the exports attained the peak of 4.9K tons, and then fell dramatically in the following year.

In value terms, synthetic rubber exports contracted remarkably to $9.8M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 87% against the previous year. As a result, the exports reached the peak of $13M, and then dropped remarkably in the following year.

Export of Synthetic Rubber in Slovakia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Czech Republic	1.9	2.8	5.3	67.0%
Ukraine	N/A	N/A	2.4	0%
Russia	1.3	1.1	1.4	3.8%
Poland	1.0	0.5	1.3	14.0%
Germany	0.6	0.4	0.8	15.5%
Romania	1.4	1.2	0.5	-40.2%
Portugal	0.2	0.2	0.5	58.1%
Italy	0.3	0.2	0.1	-42.3%
Others	1.1	0.5	0.4	-39.7%
Total	7.9	6.9	12.8	27.3%

Top Export Markets for Synthetic Rubber from Slovakia in 2022:

Czech Republic (2036.2 tons)
Ukraine (818.4 tons)
Russia (553.4 tons)
Germany (385.1 tons)
Poland (274.2 tons)
Italy (264.7 tons)
Portugal (236.2 tons)
Romania (194.6 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the synthetic rubber market in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20171050 - Synthetic latex rubber
Prodcom 20171090 - Synthetic rubber (excluding latex)

Country coverage:

Slovakia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Slovakia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023