Aromatic monoamines, their derivatives and salts market in Slovakia

Earlier Report Observations

The market volume for aromatic monoamines, their derivatives and salts in Slovakia contracted in 2019, falling to 12.3 thousand t from 13.9 thousand t the previous year. It stabilized near that level in 2020 before surging by nearly 65% to 20.3 thousand t in 2021.

By 2024, the market environment was influenced by several factors. European Union legislation, particularly Regulation (EC) No 1334/2008 on flavourings, dictated labelling and usage requirements for these substances in food and industrial applications. Global energy price fluctuations and geopolitical events also indirectly affected production costs and raw material availability for Slovakia's chemical sector.

Consumer preferences shifted toward more sustainable and eco-friendly products, potentially altering demand for certain derivatives. Furthermore, the adoption of digital tools and technological innovations helped producers optimize operations, enhancing their competitiveness in the market.

Production aromatic monoamines, their derivatives and salts in Slovakia

In kind, 2017-2020, t

In 2020, Slovakia produced 3,620 tonnes of aromatic monoamines, their derivatives, and salts. This represented a significant decline of 26.9% compared to the previous year. Looking at the period from 2018 to 2020, production fell by 23.8%, which translates to an average annual decrease of 8.7%. The highest production level was recorded in 2019 at 4,953 tonnes, with the largest year-on-year increase of 4.3% also occurring that year.

Annual dynamics of production in Slovakia in kind, 2017-2020, t

Exports aromatic monoamines, their derivatives and salts from Slovakia

Exports in kind, t

Slovakia exported 3,623 tonnes of aromatic monoamines, their derivatives, and salts in 2020, marking a sharp decline of 27.9% from the previous year. Over the 2017-2020 period, exports decreased by 32.3%, with a compound annual growth rate of -12.2%. The largest increase was observed in 2019, when exports grew by 5.7%.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, t

From 2017 to 2020, Germany, Italy, and Mexico were the top destinations for Slovakia's exports of aromatic monoamines, their derivatives, and salts in volume terms. Germany accounted for 39.8% of exports, Italy for 26.3%, and Mexico for 19.7%. Together, these three countries represented 85.9% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovakia in kind, 2017-2020

Exports in value, K $ US

The value of aromatic monoamines, their derivatives, and salts exported from Slovakia declined for the third consecutive year. In 2020, exports amounted to $7,523,000, which was 29.9% lower than in 2019. Between 2017 and 2020, export value fell by 37.1%, equivalent to an average annual decrease of 14.3%.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, K $ US

From 2017 to 2020, Germany, Italy, and Mexico consistently led as the top markets for Slovakia's exports of aromatic monoamines, their derivatives, and salts in value terms. Germany accounted for 36.9% of export value, Italy for 23.8%, and Mexico for 18.8%. Collectively, these three countries made up 79.5% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovakia in value, 2017-2020

Imports aromatic monoamines, their derivatives and salts to Slovakia

Imports in kind, t

In 2020, Slovakia imported 12,325 tonnes of aromatic monoamines, their derivatives, and salts, which remained relatively stable compared to the 12,322 tonnes imported in 2019. Over the 2017-2020 period, imports decreased by 40.2%, with an average annual decline of 15.8%. The lowest import volume was recorded in 2019, while the largest year-on-year decrease of 32.5% occurred in 2018.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, t

Throughout 2017-2020, the United Kingdom and Czechia dominated Slovakia's imports of aromatic monoamines, their derivatives, and salts in volume terms. Together, they accounted for 83.2% of total import flows, with other countries holding much smaller shares.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovakia in kind, 2017-2020

Imports in value, K $ US

The value of aromatic monoamines, their derivatives, and salts imported into Slovakia declined for the third year in a row. In 2020, imports reached $11,351,000, representing a decrease of 31.3% from the previous year. Over the 2017-2020 period, import value fell by 52.7%, with a compound annual growth rate of -22.1%.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, K $ US

From 2017 to 2020, three key markets—the United Kingdom, Czechia, and Belgium—together accounted for 93.5% of the total import value of aromatic monoamines, their derivatives, and salts into Slovakia.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovakia in value, 2017-2020