Slovakia: Market for Wood Pellets And Other Agglomerates 2024

Market Size for Wood Pellets And Other Agglomerates in Slovakia

After two years of growth, the Slovak market for wood pellets and other agglomerates decreased by X% to $X in 2022. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2021, and then dropped markedly in the following year.

Production of Wood Pellets And Other Agglomerates in Slovakia

In value terms, wood pellets and other agglomerates production rose significantly to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Wood pellets and other agglomerates production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Exports of Wood Pellets And Other Agglomerates

Exports from Slovakia

In 2022, exports of wood pellets and other agglomerates from Slovakia soared to X tons, jumping by X% against the previous year. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, wood pellets and other agglomerates exports skyrocketed to $X in 2022. In general, exports continue to indicate a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons) was the main destination for wood pellets and other agglomerates exports from Slovakia, with a X% share of total exports. Moreover, wood pellets and other agglomerates exports to Italy exceeded the volume sent to the second major destination, the Czech Republic (X tons), sixfold. Slovenia (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Slovenia (X% per year).

In value terms, Italy ($X) remains the key foreign market for wood pellets and other agglomerates exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports. 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 to Italy totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

In 2022, the average export price for wood pellets and other agglomerates amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated resilient growth 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. 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 in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

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

Imports of Wood Pellets And Other Agglomerates

Imports into Slovakia

In 2022, wood pellets and other agglomerates imports into Slovakia reduced markedly to X tons, shrinking by X% on the previous year. Overall, imports showed a pronounced descent. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, wood pellets and other agglomerates imports contracted modestly to $X in 2022. In general, total imports indicated a notable 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

In 2022, Ukraine (X tons) constituted the largest wood pellets and other agglomerates supplier to Slovakia, accounting for a X% share of total imports. Moreover, wood pellets and other agglomerates imports from Ukraine exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), threefold. Austria (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Ukraine ($X) constituted the largest supplier of wood pellets and other agglomerates to Slovakia, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

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

Import Prices by Country

In 2022, the average import price for wood pellets and other agglomerates amounted to $X per ton, growing by X% against the previous year. In general, import price indicated a notable expansion 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, wood pellets and other agglomerates import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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