Slovakia: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Slovakia

The Slovak ferro-silico-manganese market surged to $X in 2023, with an increase of X% against the previous year. In general, consumption posted a prominent expansion. Over the period under review, the market attained the maximum level in 2023 and is likely to continue growth in years to come.

Ferro-Silico-Manganese Production in Slovakia

In value terms, ferro-silico-manganese production expanded markedly to $X in 2023 estimated in export price. In general, production recorded a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Ferro-silico-manganese production peaked at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ferro-Silico-Manganese Exports

Exports from Slovakia

In 2023, the amount of ferro-silico-manganese exported from Slovakia rose rapidly to X tons, picking up by X% against the year before. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, ferro-silico-manganese exports dropped notably to $X in 2023. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for ferro-silico-manganese exports from Slovakia, accounting for a X% share of total exports. Moreover, ferro-silico-manganese exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for ferro-silico-manganese exports from Slovakia, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to the Czech Republic amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Austria (X% per year).

Export Prices by Country

The average ferro-silico-manganese export price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then contracted significantly in the following year.

Average prices varied noticeably for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silico-Manganese Imports

Imports into Slovakia

In 2023, overseas purchases of ferro-silico-manganese increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2022 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-silico-manganese imports surged to $X in 2023. In general, imports saw a remarkable increase. The pace of growth was the most pronounced in 2022 when imports increased by X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The Netherlands (X tons), Norway (X tons) and Malaysia (X tons) were the main suppliers of ferro-silico-manganese imports to Slovakia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of ferro-silico-manganese to Slovakia, comprising X% of total imports. The second position in the ranking was held by Norway ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Malaysia (X% per year).

Import Prices by Country

In 2023, the average ferro-silico-manganese import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Brazil ($X per ton) and the Netherlands ($X per ton), while the price for the Czech Republic ($X per ton) and Georgia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform