Price for Dyes; Pigments and Preparations Based Thereon in Slovakia - 2023

Contents:

1. Price for Dyes; Pigments and Preparations Based Thereon in Slovakia (FOB) - 2023
2. Price for Dyes; Pigments and Preparations Based Thereon in Slovakia (CIF) - 2022
3. Exports of Dyes; Pigments and Preparations Based Thereon in Slovakia
4. Imports of Dyes; Pigments and Preparations Based Thereon in Slovakia

Price for Dyes; Pigments and Preparations Based Thereon in Slovakia (FOB) - 2023

The average export price for dyes; pigments and preparations based therea stood at $6,068 per ton in November 2023, growing by 1.6% against the previous month. Over the period under review, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in July 2023 an increase of 50% month-to-month. Over the period under review, the average export prices attained the maximum at $6,342 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($6,476 per ton), while the average price for exports to Ukraine ($2,149 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Dyes; Pigments and Preparations Based Thereon in Slovakia (CIF) - 2022

In 2022, the average import price for dyes; pigments and preparations based therea amounted to $4,601 per ton, declining by -27.7% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 32%. As a result, import price reached the peak level of $10,851 per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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 Italy ($8,777 per ton), while the price for Belgium ($3,007 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Dyes; Pigments and Preparations Based Thereon in Slovakia

For the fourth consecutive year, Slovakia recorded growth in overseas shipments of dyes; pigments and preparations based therea, which increased by 10% to 2.5K tons in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 62% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of dyes; pigments and preparations based therea surged to $8.3M in 2022. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 54%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Top Export Markets for Dyes; Pigments and Preparations Based Thereon from Slovakia in 2022:

1. Romania (962.0 tons)
2. Italy (502.4 tons)
3. Czech Republic (375.6 tons)
4. Poland (140.4 tons)
5. Belgium (139.9 tons)
6. Ireland (105.7 tons)
7. Portugal (72.0 tons)
8. Switzerland (29.9 tons)

Imports of Dyes; Pigments and Preparations Based Thereon in Slovakia

In 2022, the amount of dyes; pigments and preparations based therea imported into Slovakia skyrocketed to 1.6K tons, picking up by 29% compared with 2021 figures. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, imports of dyes; pigments and preparations based therea dropped to $7.5M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of $8M, and then declined in the following year.

Top Suppliers of Dyes; Pigments and Preparations Based Thereon to Slovakia in 2022:

1. Germany (682.7 tons)
2. Poland (280.5 tons)
3. Czech Republic (239.5 tons)
4. Netherlands (145.1 tons)
5. Austria (81.7 tons)
6. Hungary (48.7 tons)
7. Italy (39.4 tons)

Source: IndexBox Market Intelligence Platform