Slovakia: Silicates Market 2024

Silicates Market Size in Slovakia

The Slovak silicates market declined to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a abrupt setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Silicates Exports

Exports from Slovakia

In 2022, overseas shipments of silicates, commercial alkali metal silicates increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a pronounced decrease. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, silicates exports skyrocketed to $X in 2022. Overall, exports, however, showed a abrupt contraction. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for silicates exports from Slovakia, with a X% share of total exports. Moreover, silicates exports to Russia exceeded the volume sent to the second major destination, Hungary (X tons), more than tenfold. 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 Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (X% per year) and Ukraine (X% per year).

In value terms, Russia ($X) emerged as the key foreign market for silicates, commercial alkali metal silicates exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average silicates export price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

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Silicates Imports

Imports into Slovakia

In 2022, purchases abroad of silicates, commercial alkali metal silicates was finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, showed a deep contraction. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, silicates imports declined slightly to $X in 2022. Overall, imports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), Austria (X tons) and the Czech Republic (X tons) were the main suppliers of silicates imports to Slovakia, together accounting for X% of total imports. The Netherlands, Slovenia and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Slovenia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of silicates, commercial alkali metal silicates to Slovakia, comprising X% of total imports. The second position in the ranking was taken by Austria ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

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

Import Prices by Country

The average silicates import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then dropped modestly in the following year.

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 the Netherlands ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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