Slovakia: Wadding Of Textile Market Overview 2021

Wadding Of Textile Market Size in Slovakia

The Slovak wadding of textile market stood at $X in 2019, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% against the previous year. Over the period under review, the market hit record highs in 2019 and is expected to retain growth in years to come.

Wadding Of Textile Production in Slovakia

In value terms, wadding of textile production rose markedly to $X in 2019 estimated in export prices. In general, production recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, production reached the maximum level at $X in 2007; however, from 2008 to 2019, production failed to regain the momentum.

Wadding Of Textile Exports

Exports from Slovakia

In 2019, wadding of textile exports from Slovakia shrank notably to X tonnes, reducing by -X% on 2018 figures. Overall, exports saw a significant contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, exports hit record highs at X tonnes in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

In value terms, wadding of textile exports shrank to $X in 2019. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. Exports peaked at $X in 2007; however, from 2008 to 2019, exports remained at a lower figure.

Exports by Country

Romania (X tonnes) was the main destination for wadding of textile exports from Slovakia, with a X% share of total exports. Moreover, wadding of textile exports to Romania exceeded the volume sent to the second major destination, Hungary (X tonnes), more than tenfold. The third position in this ranking was occupied by the Czech Republic (X tonnes), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Romania totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-X% per year) and the Czech Republic (-X% per year).

In value terms, Romania ($X) remains the key foreign market for wadding of textile exports from Slovakia, comprising X% of total exports. The second position in the ranking was occupied by Japan ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Romania stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Hungary (-X% per year).

Export Prices by Country

In 2019, the average wadding of textile export price amounted to $X per tonne, growing by X% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% y-o-y. The export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Japan ($X per tonne), while the average price for exports to the Czech Republic ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Croatia, while the prices for the other major destinations experienced more modest paces of growth.

Wadding Of Textile Imports

Imports into Slovakia

In 2019, the amount of wadding of textile materials and articles thereof imported into Slovakia rose markedly to X tonnes, surging by X% against the previous year. In general, imports, however, recorded a deep reduction. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X tonnes in 2008; however, from 2009 to 2019, imports remained at a lower figure.

In value terms, wadding of textile imports surged to $X in 2019. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2010; however, from 2011 to 2019, imports remained at a lower figure.

Imports by Country

Germany (X tonnes), South Korea (X tonnes) and Poland (X tonnes) were the main suppliers of wadding of textile imports to Slovakia, with a combined X% share of total imports. China, Serbia, Latvia and Switzerland lagged somewhat behind, together comprising a further X 2007 to 2019, the biggest increases were in Latvia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wadding of textile suppliers to Slovakia were South Korea ($X), Germany ($X) and Poland ($X), together accounting for X% of total imports. China, Switzerland, Latvia and Serbia lagged somewhat behind, together comprising a further X terms of the main suppliers, Latvia (+X% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wadding of textile import price stood at $X per tonne in 2019, picking up by X% against the previous year. Overall, import price indicated a noticeable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, wadding of textile import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked in 2019 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was South Korea ($X per tonne), while the price for Serbia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wadding of textile materials and articles thereof in the world?

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China (374K tonnes) remains the largest wadding of textile consuming country worldwide, comprising approx. 17% of total volume. Moreover, wadding of textile consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (172K tonnes), twofold. India (142K tonnes) ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of wadding of textile materials and articles thereof in the world?

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China (426K tonnes) remains the largest wadding of textile producing country worldwide, comprising approx. 20% of total volume. Moreover, wadding of textile production in China exceeded the figures recorded by the second-largest producer, the U.S. (166K tonnes), threefold. India (154K tonnes) ranked third in terms of total production with a 7.2% share.

What are the leading suppliers of wadding of textile materials and articles thereof to Slovakia?

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In value terms, the largest wadding of textile suppliers to Slovakia were South Korea ($3.2M), Germany ($2.9M) and Poland ($956K), together accounting for 72% of total imports. These countries were followed by China, Switzerland, Latvia and Serbia, which together accounted for a further 18%.

What are the leading importers of wadding of textile materials and articles thereof from Slovakia?

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In value terms, Romania ($1.6M) remains the key foreign market for wadding of textile exports from Slovakia, comprising 73% of total exports. The second position in the ranking was occupied by Japan ($262K), with a 12% share of total exports. It was followed by Hungary, with a 4.7% share.

What is the average export price for wadding of textile materials and articles thereof in Slovakia?

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The average wadding of textile export price stood at $7,299 per tonne in 2019, growing by 14% against the previous year.

What is the average import price for wadding of textile materials and articles thereof in Slovakia?

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The average wadding of textile import price stood at $7,804 per tonne in 2019, growing by 5.7% against the previous year.