Slovakia: Market for Coconut, Abaca, Ramie and other Vegetable Textile Fibres 2024

Market Size for Coconut, Abaca, Ramie and other Vegetable Textile Fibres in Slovakia

The Slovak market for coconut, abaca, ramie and other vegetable textile fibres soared to $X in 2022, with an increase of 145% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Exports from Slovakia

After two years of decline, overseas shipments of coconut, abaca, ramie and other vegetable textile fibres increased by 707% to X tons in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 12,714%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 16,543% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Austria (X tons) was the main destination for exports of coconut, abaca, ramie and other vegetable textile fibres from Slovakia, with a 84% share of total exports. Moreover, exports of coconut, abaca, ramie and other vegetable textile fibres to Austria exceeded the volume sent to the second major destination, Poland (X kg), more than tenfold. The third position in this ranking was held by the Czech Republic (X kg), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +367.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+464.6% per year) and the Czech Republic (-7.6% per year).

In value terms, Austria ($X) emerged as the key foreign market for coconut, abaca, ramie and other vegetable textile fibres exports from Slovakia, comprising 84% of total exports. The second position in the ranking was taken by Poland ($X), with a 4.7% share of total exports. It was followed by the Czech Republic, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria stood at +395.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+484.2% per year) and the Czech Republic (+2.6% per year).

Export Prices by Country

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $X per ton, which is down by -12.7% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by 141%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($X per ton) and Romania ($X per ton), while the average price for exports to Poland ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+33.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and other Vegetable Textile Fibres

Imports into Slovakia

In 2022, supplies from abroad of coconut, abaca, ramie and other vegetable textile fibres increased by 205% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 920% against the previous year. Over the period under review, imports of reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $X in 2022. In general, imports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 211% against the previous year. Over the period under review, imports of attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sri Lanka (X tons) constituted the largest supplier of coconut, abaca, ramie and other vegetable textile fibre to Slovakia, accounting for a 70% share of total imports. Moreover, imports of coconut, abaca, ramie and other vegetable textile fibres from Sri Lanka exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. Poland (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sri Lanka stood at -12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+55.0% per year) and Poland (+28.0% per year).

In value terms, the Netherlands ($X), Sri Lanka ($X) and China ($X) appeared to be the largest coconut, abaca, ramie and other vegetable textile fibre suppliers to Slovakia, with a combined 86% share of total imports. Poland, India, Germany and the Czech Republic lagged somewhat behind, together accounting for a further 12%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +48.3%, recorded the highest rates of growth with regard to 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 import price for coconut, abaca, ramie and other vegetable textile fibres stood at $X per ton in 2022, reducing by -16.6% against the previous year. Overall, the import price, however, continues to indicate a modest increase. The growth pace was the most rapid in 2017 an increase of 365% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform