Slovenia: Adipic Acid Market 2024

Adipic Acid Market Size in Slovenia

In 2022, the Slovene adipic acid market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a drastic downturn. Adipic acid consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Adipic Acid Production in Slovenia

In value terms, adipic acid production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Adipic Acid Exports

Exports from Slovenia

In 2022, overseas shipments of adipic acid, its salts and esters decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, adipic acid exports declined dramatically to $X in 2022. In general, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Serbia (X tons) was the main destination for adipic acid exports from Slovenia, with a X% share of total exports. Moreover, adipic acid exports to Serbia exceeded the volume sent to the second major destination, Croatia (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Serbia stood at X%.

In value terms, the largest markets for adipic acid exported from Slovenia were Serbia ($X) and Croatia ($X).

Croatia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average adipic acid export price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Adipic Acid Imports

Imports into Slovenia

For the third consecutive year, Slovenia recorded decline in purchases abroad of adipic acid, its salts and esters, which decreased by X% to X tons in 2022. In general, imports showed a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, adipic acid imports fell rapidly to $X in 2022. Over the period under review, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), China (X tons) and Germany (X tons) were the main suppliers of adipic acid imports to Slovenia, together comprising X% of total imports. Belgium, the Netherlands, Poland and France 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 Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest adipic acid suppliers to Slovenia were Italy ($X), China ($X) and Germany ($X), together accounting for X% of total imports. The Netherlands, Belgium, France and Poland lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to 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 adipic acid import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated temperate 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. Based on 2022 figures, adipic acid import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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