Slovakia: Knitted Fabric Market 2024

Knitted Fabric Market Size in Slovakia

In 2022, the Slovak knitted fabric market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Knitted Fabric Production in Slovakia

In value terms, knitted fabric production dropped to $X in 2022 estimated in export price. Overall, production saw a pronounced decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Knitted Fabric Exports

Exports from Slovakia

In 2022, knitted fabric exports from Slovakia fell to X tons, dropping by X% compared with 2021 figures. In general, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, knitted fabric exports amounted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons), Germany (X tons) and Poland (X tons) were the main destinations of knitted fabric exports from Slovakia, together accounting for X% of total exports. Italy, the Netherlands, Mexico, Romania, Hungary, Slovenia, China, Moldova, Austria and Belgium lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Moldova (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Czech Republic ($X) and Poland ($X) appeared to be the largest markets for knitted fabric exported from Slovakia worldwide, together accounting for X% of total exports. Mexico, Italy, the Netherlands, Hungary, China, Romania, Moldova, Slovenia, Austria and Belgium lagged somewhat behind, together comprising a further X%.

Moldova, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted fabric export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the near future.

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 Mexico ($X per ton), while the average price for exports to Slovenia ($X 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 Austria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Slovakia

In 2022, overseas purchases of knitted or crocheted fabrics increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports recorded a notable expansion. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, knitted fabric imports reached $X in 2022. Overall, imports showed a pronounced increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of knitted fabric imports to Slovakia, together accounting for X% of total imports. Belgium, Poland, Austria, Italy, the Netherlands, the Czech Republic, Spain, Greece, Portugal and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Portugal (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and China ($X) appeared to be the largest knitted fabric suppliers to Slovakia, with a combined X% share of total imports. Poland, the Netherlands, Italy, Belgium, Austria, Spain, Hungary, the Czech Republic, Portugal and Greece lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average knitted fabric import price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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