Waxes; Artificial, Prepared Price in Slovakia - 2023

Contents:

1. Waxes; Artificial, Prepared Price in Slovakia (CIF) - 2023
2. Waxes; Artificial, Prepared Price in Slovakia (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Slovakia
4. Waxes; Artificial, Prepared Exports in Slovakia

Waxes; Artificial, Prepared Price in Slovakia (CIF) - 2023

The average waxes; artificial, prepared import price stood at $5,298 per ton in July 2023, falling by -14.2% against the previous month. In general, import price indicated modest growth from July 2022 to July 2023: its price increased at an average monthly rate of +1.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, waxes; artificial, prepared import price increased by +7.9% against May 2023 indices. The growth pace was the most rapid in October 2022 when the average import price increased by 272% month-to-month. The import price peaked at $6,177 per ton in June 2023, and then reduced in the following month.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Poland ($11,436 per ton), while the price for Spain ($3,435 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Poland (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Slovakia (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $2,403 per ton, picking up by 5.3% against the previous year. In general, the export price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2016 an increase of 112% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,491 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($31,317 per ton), while the average price for exports to India ($918 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 Spain (+12.5%), while the prices for the other major destinations experienced more modest paces of growth.

Waxes; Artificial, Prepared Imports in Slovakia

In 2022, imports of waxes; artificial, prepared into Slovakia skyrocketed to 1.9K tons, surging by 40% against the previous year's figure. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% 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 +64.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared imports skyrocketed to $7.2M in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +69.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Slovakia in 2022:

1. Germany (735.8 tons)
2. Denmark (215.1 tons)
3. Netherlands (212.4 tons)
4. Czech Republic (146.8 tons)
5. India (139.2 tons)
6. Austria (123.4 tons)
7. United Kingdom (80.6 tons)
8. Poland (62.4 tons)

Waxes; Artificial, Prepared Exports in Slovakia

For the fourth year in a row, Slovakia recorded growth in shipments abroad of waxes; artificial, prepared, which increased by 27% to 282 tons in 2022. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 93%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, waxes; artificial, prepared exports surged to $679K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 34% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Slovakia in 2022:

1. Czech Republic (116.2 tons)
2. Poland (72.8 tons)
3. Turkey (25.3 tons)
4. India (21.0 tons)
5. Spain (14.7 tons)
6. Germany (7.0 tons)
7. United Kingdom (5.7 tons)
8. Austria (4.3 tons)

Source: IndexBox Market Intelligence Platform