Slovakia: Sulphuric Acid Market 2022

Sulphuric Acid Market Size in Slovakia

The Slovak sulphuric acid market soared to $X in 2021, rising 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, the total consumption indicated a prominent increase 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. Based on 2021 figures, consumption increased by +X% against 2019 indices. Sulphuric acid consumption peaked in 2021 and is expected to retain growth in the immediate term.

Sulphuric Acid Exports

Exports from Slovakia

In 2021, after two years of decline, there was significant growth in shipments abroad of sulphuric acid and oleum, when their volume increased by X% to X tons. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, sulphuric acid exports soared to $X in 2021. In general, exports, however, showed a sharp contraction. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons), Bulgaria (X tons) and Hungary (X tons) were the main destinations of sulphuric acid exports from Slovakia, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for sulphuric acid exported from Slovakia were the Czech Republic ($X), Bulgaria ($X) and Hungary ($X), together accounting for X% of total exports.

Among the main countries of destination, Bulgaria, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average sulphuric acid export price stood at $X per ton in 2021, which is down by -X% against the previous year. Over the period under review, the export price showed a deep contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, 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 a decline.

Sulphuric Acid Imports

Imports into Slovakia

In 2021, the amount of sulphuric acid and oleum imported into Slovakia stood at X tons, surging by X% compared with the previous year. Over the period under review, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, sulphuric acid imports surged to $X in 2021. Overall, total imports indicated a prominent increase 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. Based on 2021 figures, imports increased by +X% against 2019 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Poland (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main suppliers of sulphuric acid imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sulphuric acid suppliers to Slovakia were the Czech Republic ($X), Poland ($X) and Hungary ($X), with a combined X% share of total imports.

Among the main suppliers, Hungary, 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

In 2021, the average sulphuric acid import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Hungary ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform