Slovakia: Hydantoin Market 2022

Hydantoin Market Size in Slovakia

After three years of decline, the Slovak hydantoin market increased by X% to $X in 2021. Over the period under review, consumption, however, showed a abrupt decline. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Hydantoin Production in Slovakia

In value terms, hydantoin production reached $X in 2021 estimated in export price. Over the period under review, production showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Hydantoin production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Hydantoin Exports

Exports from Slovakia

In 2021, shipments abroad of hydantoin and its derivatives decreased by X% to X kg, falling for the second consecutive year after three years of growth. Over the period under review, exports showed a sharp reduction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, hydantoin exports totaled $X in 2021. Overall, exports continue to indicate a precipitous shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X kg) was the main destination for hydantoin exports from Slovakia, accounting for a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia stood at -X%.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +X%.

Export Prices by Country

In 2021, the average hydantoin export price amounted to $X per ton, leveling off at the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Estonia.

From 2012 to 2021, the rate of growth in terms of prices for Estonia amounted to +X% per year.

Hydantoin Imports

Imports into Slovakia

In 2021, overseas purchases of hydantoin and its derivatives decreased by -X% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a significant decline. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, hydantoin imports rose rapidly to $X in 2021. Overall, imports showed a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X tons) was the main hydantoin supplier to Slovakia, with a X% share of total imports. It was followed by the Czech Republic (X kg), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from France was relatively modest.

In value terms, France ($X) constituted the largest supplier of hydantoin to Slovakia, comprising X% of total imports. The second position in the ranking was occupied by the Czech Republic ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +X%.

Import Prices by Country

In 2021, the average hydantoin import price amounted to $X per ton, surging by X% against the previous year. Overall, the import price continues to indicate a prominent increase. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was France ($X per ton), while the price for the Czech Republic stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%).

Source: IndexBox Platform