Synthetic organic colours and lakes market in Slovakia

Earlier Report Observations

The Slovak market for synthetic organic colors and lakes experienced significant shifts from 2020, beginning with global supply chain disruptions due to the COVID-19 pandemic. This contributed to a surge in import volumes to 13 632 t in 2020, while the market's physical size reached 14 149 t. The following year, the market's volume in kind halved to 7 163 t, yet its value in money grew by 2.8% to 23.7 million USD, a divergence explained by European organic pigment prices reaching a peak in 2021.

After 2021, the market volume in kind gradually contracted before recovering strongly in 2024 with a 33.6% increase to 8 046 t. This volume growth coincided with a 4.7% decline in the prices of imported organic pigments in Europe, making raw materials more accessible. Over the same period, the market value followed a more volatile path, declining to 18.5 million USD in 2023 before partially recovering to 20.2 million USD in 2024.

Domestic production demonstrated consistent growth throughout the period, increasing from 2 004 t in 2020 to 2 587 t in 2024. In value terms, Slovak production more than doubled from 5.2 million USD to 9.1 million USD, reflecting an expansion in output and higher unit values over the years.

Production synthetic organic colours and lakes in Slovakia

In value, 2017-2020, K $ US

In 2020, Slovakia's output of synthetic organic colours and lakes was valued at 5,176 thousand US dollars, showing little change compared to 2019. Over the period from 2017 to 2020, production decreased by 18%, which translates to an annualized decline of 6.4%.

Annual dynamics of production in Slovakia in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Slovakia produced 2,004 tonnes of synthetic organic colours and lakes, remaining virtually unchanged from 2019. From 2017 to 2020, production increased by 110%, with a compound annual growth rate of 28.1%.

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

Exports synthetic organic colours and lakes from Slovakia

Exports in kind, t

The data reveals irregular changes, indicating a volatile market environment. Slovakia exported 1,487 tonnes of synthetic organic colours and lakes in 2020, marking an 11.8% drop from the previous year. The minimum export volume was recorded in 2018 at 960 tonnes, while the maximum was in 2019 at 1,685 tonnes. The largest decline occurred in 2018 with a 39.7% decrease, and the largest increase was in 2019 with a 75.5% rise. Import levels fluctuated 1.8 times between the high of 2019 and the low of 2018.

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

From 2017 to 2020, Czechia, Romania, and Switzerland formed the key group of partners for Slovakia's exports of synthetic organic colours and lakes in kind. Czechia accounted for 30.5% of exports, Romania for 21.1%, and Switzerland for 14.7%, jointly representing 66.2% of total 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

In 2020, Slovakia's cross-border shipments of synthetic organic colours and lakes totaled 6,001 thousand US dollars, showing little change from the previous year. Over the period from 2017 to 2020, exports decreased by 41.6%, with a compound annual decline of 16.4%. The minimum value was recorded in 2018 at 5,757 thousand US dollars. The largest decline occurred in 2018 with a 44.0% drop, while the largest increase was in 2019 with a 4.3% rise.

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

From 2017 to 2020, the three largest markets for Slovakia's exports in value terms were Czechia, Romania, and Switzerland, which together accounted for 59.9% of total 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 synthetic organic colours and lakes to Slovakia

Imports in kind, t

Volatility characterized the market behavior during these years. In 2020, Slovakia's imports of synthetic organic colours and lakes amounted to 13,632 tonnes, indicating a 123.4% advance from a year earlier. The largest decline was recorded in 2019 with a 4.2% decrease. Volumes climbed to their maximum in 2020 and dropped to a minimum in 2017, showing a 2.3-fold shift.

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

From 2017 to 2020, Germany, Poland, and Italy formed the main group of destinations for Slovakia's imports of synthetic organic colours and lakes in kind. Germany accounted for 45.6% of imports, Poland for 23.9%, and Italy for 5.1%, with a combined share of 74.7% of total flows.

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

Synthetic organic colours and lakes deliveries to Slovakia increased for the third consecutive year. In 2020, imports came to 23,894 thousand US dollars, showing no material difference compared to 2019. Over the period from 2017 to 2020, imports increased by 13.1%, with a compound annual growth rate of 4.2%.

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

From 2017 to 2020, Germany, Italy, and Poland played the leading roles in Slovakia's imports of synthetic organic colours and lakes in value terms. Germany accounted for 35.9% of imports, Italy for 11.5%, and Poland for 7.9%, jointly taking 55.3% of total flows.

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

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