Slovakia: Market for Natural Bitumen and Asphalt 2024

Market Size for Natural Bitumen and Asphalt in Slovakia

The Slovak natural bitumen and asphalt market fell markedly to $X in 2022, reducing by X% against the previous year. Overall, consumption continues to indicate a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021, and then declined remarkably in the following year.

Production of Natural Bitumen and Asphalt in Slovakia

In value terms, natural bitumen and asphalt production shrank to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Natural Bitumen and Asphalt

Exports from Slovakia

In 2022, shipments abroad of natural bitumen and asphalt increased by X% to X kg, rising for the fifth consecutive year after three years of decline. In general, exports, however, recorded a dramatic shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural bitumen and asphalt exports soared to $X in 2022. Over the period under review, exports, however, saw a precipitous setback. The pace of growth appeared the most rapid in 2014 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg), Poland (X kg) and Germany (X kg) were the main destinations of natural bitumen and asphalt exports from Slovakia.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the Czech Republic ($X) emerged as the key foreign market for natural bitumen and asphalt exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

Export Prices by Country

The average natural bitumen and asphalt export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. The export price peaked at $X per ton in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland ($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 the Czech Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Natural Bitumen and Asphalt

Imports into Slovakia

In 2022, imports of natural bitumen and asphalt into Slovakia expanded notably to X tons, growing by X% on the year before. In general, imports recorded a perceptible expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, natural bitumen and asphalt imports expanded remarkably to $X in 2022. Over the period under review, imports, however, recorded a dramatic descent. The growth pace was the most rapid in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Czech Republic (X tons) constituted the largest supplier of natural bitumen and asphalt to Slovakia, with a X% share of total imports. Moreover, natural bitumen and asphalt imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, Ireland (X tons), threefold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Czech Republic totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (X% per year) and France (X% per year).

In value terms, the largest natural bitumen and asphalt suppliers to Slovakia were the Czech Republic ($X), Ireland ($X) and Germany ($X), with a combined X% share of total imports. Italy and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, 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

The average natural bitumen and asphalt import price stood at $X per ton in 2022, remaining constant against the previous year. Overall, the import price, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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