Slovakia: Salt Market 2024

Salt Market Size in Slovakia

The Slovak salt market surged to $X in 2022, picking up by X% against the previous year. In general, consumption enjoyed a noticeable expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Salt Production in Slovakia

In value terms, salt production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value 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, production increased by X% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Salt Exports

Exports from Slovakia

In 2022, overseas shipments of salt and pure sodium chloride decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports faced a abrupt downturn. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, salt exports fell slightly to $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 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

Hungary (X tons) was the main destination for salt exports from Slovakia, accounting for a X% share of total exports. Moreover, salt exports to Hungary exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. Ukraine (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hungary amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Ukraine (X% per year).

In value terms, Hungary ($X), Ukraine ($X) and the Czech Republic ($X) were the largest markets for salt exported from Slovakia worldwide, together comprising X% of total exports.

Among the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average salt export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw a prominent expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while the average price for exports to Poland ($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 Romania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Salt Imports

Imports into Slovakia

In 2022, approx. X tons of salt and pure sodium chloride were imported into Slovakia; picking up by X% compared with 2021 figures. Overall, imports continue to indicate a mild expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, salt imports surged to $X in 2022. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Austria (X tons), Romania (X tons) and Germany (X tons) were the main suppliers of salt imports to Slovakia, together comprising X% of total imports. Poland, the Czech Republic, Hungary and Ukraine lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) constituted the largest supplier of salt and pure sodium chloride to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

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

Import Prices by Country

The average salt import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price 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, salt import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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