Industry revenue of »retail sale of automotive fuel in specialised stores« in Slovakia 2011-2023

Mirroring the trend in majority of the European countries including Latvia and Poland, revenues from the retail sale of automotive fuel in specialised stores in Slovakia are projected to decline from 1.4 billion U.S. dollars in 2011 to 1.0 billion U.S. dollars by 2023. This can be attributed to the rising prices of fuels such as gasoline and petrol, which have affected demand and the growth of alternatives such as biofuels. In fact, the ministry of agriculture is aggressively promoting the use of crop-based biofuels, owing to the significantly lower carbon emissions and has signed a joint declaration along with Poland and Czech Republic to promote the use of the E10 biofuel in the short to medium term.

Advanced biofuel plant to be built in Slovakia

Slovakia’s largest bioethanol producer, Enviral, in collaboration with specialty chemicals developer Clariant is set to develop Europe’s first advanced biofuel plant in the city of Leopoldov. A license agreement has been signed on the use of sunliquid cellulosic ethanol technology. The site is expected to have an annual production capacity of 50,000 tonnes.

Industry revenue of »retail sale of automotive fuel in specialised stores« in Slovakia from 2011 to 2023

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Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Slovakia. The industry “retail sale of automotive fuel in specialised stores“ has the code “G473“.

Details on the methodology can be found here.

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