Slovakia: Petroleum Bitumen Market 2024

Petroleum Bitumen Market Size in Slovakia

The Slovak petroleum bitumen market contracted to $X in 2022, remaining stable against the previous year. Over the period under review, consumption continues to indicate a deep downturn. Petroleum bitumen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Petroleum Bitumen Production in Slovakia

In value terms, petroleum bitumen production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a mild expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Petroleum bitumen production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Petroleum Bitumen Exports

Exports from Slovakia

In 2022, overseas shipments of petroleum bitumen decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted sharply in the following year.

In value terms, petroleum bitumen exports declined to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Hungary (X tons) was the main destination for petroleum bitumen exports from Slovakia, with a X% share of total exports. It was followed by Austria (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary amounted to X%.

In value terms, Hungary ($X) remains the key foreign market for petroleum bitumen exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Austria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hungary stood at X%.

Export Prices by Country

The average petroleum bitumen export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Hungary stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (X%), while the prices for the other major destinations experienced a decline.

Petroleum Bitumen Imports

Imports into Slovakia

In 2022, petroleum bitumen imports into Slovakia declined to X tons, with a decrease of X% compared with the previous year's figure. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then fell in the following year.

In value terms, petroleum bitumen imports stood at $X in 2022. In general, imports, however, enjoyed a mild expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The Czech Republic (X tons), Hungary (X tons) and Austria (X tons) were the main suppliers of petroleum bitumen imports to Slovakia, with a combined X% share of total imports. Poland, Serbia and Germany lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Hungary ($X) and Austria ($X) were the largest petroleum bitumen suppliers to Slovakia, together comprising X% of total imports. Poland, Germany and Serbia lagged somewhat behind, together accounting for a further X%.

Germany, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average petroleum bitumen import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($X per ton) and Poland ($X per ton), while the price for Serbia ($X per ton) and Hungary ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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