Slovakia: Acetic Acid Market 2022

Acetic Acid Market Size in Slovakia

The Slovak acetic acid market reached $X in 2021, surging by 9.2% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Acetic Acid Production in Slovakia

In value terms, acetic acid production expanded rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 33% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Acetic Acid Exports

Exports from Slovakia

In 2021, shipments abroad of acetic acid decreased by -92.4% to X kg, falling for the fourth consecutive year after four years of growth. Over the period under review, exports saw a dramatic descent. The growth pace was the most rapid in 2015 when exports increased by 43%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetic acid exports reduced remarkably to $X in 2021. In general, exports faced a dramatic shrinkage. The growth pace was the most rapid in 2016 when exports increased by 39%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X kg), France (X kg) and Germany (X kg) were the main destinations of acetic acid exports from Slovakia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acetic acid exported from Slovakia were Poland ($X), France ($X) and Germany ($X).

Germany, with a CAGR of +6.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average acetic acid export price amounted to $X per ton, which is down by -40.9% against the previous year. Over the period under review, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 61% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to France ($X 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 the Czech Republic (+16.8%).

Acetic Acid Imports

Imports into Slovakia

In 2021, purchases abroad of acetic acid was finally on the rise to reach X tons after two years of decline. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, acetic acid imports soared to $X in 2021. Overall, imports saw a notable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of acetic acid to Slovakia, accounting for a 55% share of total imports. Moreover, acetic acid imports from Austria exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), threefold. Turkey (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from Austria stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (0.0% per year) and Turkey (0.0% per year).

In value terms, the largest acetic acid suppliers to Slovakia were Austria ($X), Lithuania ($X) and Turkey ($X), together accounting for 79% of total imports. France, the Czech Republic, Poland, China and Germany lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, France, with a CAGR of +90.6%, recorded the highest growth rate of 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 2021, the average acetic acid import price amounted to $X per ton, rising by 55% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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