Slovakia: Formaldehyde Market 2022

Formaldehyde Market Size in Slovakia

The Slovak formaldehyde market contracted markedly to $X in 2021, reducing by -X% against the previous year. Over the period under review, consumption saw a deep downturn. Formaldehyde consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Formaldehyde Production in Slovakia

In value terms, formaldehyde production expanded notably to $X in 2021 estimated in export price. Overall, production, however, recorded a deep setback. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Formaldehyde Exports

Exports from Slovakia

After four years of decline, overseas shipments of formaldehyde increased by X% to X tons in 2021. Over the period under review, exports, however, recorded a deep downturn. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, formaldehyde exports skyrocketed to $X in 2021. In general, exports, however, recorded a mild increase. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for formaldehyde exports from Slovakia, accounting for a X% share of total exports. It was followed by Ukraine (X tons), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Poland stood at +X%.

In value terms, Poland ($X) remains the key foreign market for formaldehyde exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total exports.

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

Export Prices by Country

In 2021, the average formaldehyde export price amounted to $X per ton, increasing by X% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%).

Formaldehyde Imports

Imports into Slovakia

Formaldehyde imports into Slovakia fell dramatically to X tons in 2021, declining by -X% against the year before. Overall, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020, and then dropped notably in the following year.

In value terms, formaldehyde imports contracted notably to $X in 2021. Over the period under review, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then reduced notably in the following year.

Imports by Country

Hungary (X tons) and the Czech Republic (X tons) were the main suppliers of formaldehyde imports to Slovakia.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +X value terms, the Czech Republic ($X) and Hungary ($X) appeared to be the largest formaldehyde suppliers to Slovakia.

Hungary, with a CAGR of +X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average formaldehyde import price stood at $X per ton in 2021, shrinking by -X% against the previous year. Over the period under review, the import price recorded a mild decline. The pace of growth was the most pronounced in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the Czech Republic ($X per ton), while the price for Hungary stood at $X per ton.

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

Source: IndexBox Platform