Slovakia: Market for Cotton (Carded Or Combed) 2024

Market Size for Cotton (Carded Or Combed) in Slovakia

In 2022, the Slovak cotton (carded or combed) market increased by 132% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption continues to indicate a significant expansion. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Cotton (Carded Or Combed) in Slovakia

In value terms, cotton (carded or combed) production stood at less than $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with a decrease of 99.9%. Cotton (carded or combed) production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Cotton (Carded Or Combed)

Exports from Slovakia

In 2022, approx. X kg of cotton (carded or combed) were exported from Slovakia; with a decrease of -99.9% against the previous year. Over the period under review, exports faced a dramatic decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 1,192% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cotton (carded or combed) exports shrank remarkably to $X in 2022. In general, exports faced a significant decline. The pace of growth appeared the most rapid in 2019 with an increase of 30,438% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Italy (X kg) was the main destination for cotton (carded or combed) exports from Slovakia, with a 88% share of total exports. Moreover, cotton (carded or combed) exports to Italy exceeded the volume sent to the second major destination, Poland (X kg), more than tenfold. The Czech Republic (X kg) ranked third in terms of total exports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to -62.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-63.0% per year) and the Czech Republic (-7.4% per year).

In value terms, Italy ($X), the Czech Republic ($X) and Poland ($X) were the largest markets for cotton (carded or combed) exported from Slovakia worldwide, with a combined 95% share of total exports.

In terms of the main countries of destination, the Czech Republic, with a CAGR of -7.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cotton (carded or combed) export price stood at $X per ton in 2022, picking up by 121% against the previous year. Over the period under review, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2013 an increase of 13,742%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Italy ($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 Germany (+53.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cotton (Carded Or Combed)

Imports into Slovakia

In 2022, purchases abroad of cotton (carded or combed) decreased by 99.9% to X kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a dramatic slump. The most prominent rate of growth was recorded in 2019 with an increase of 158%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cotton (carded or combed) imports dropped remarkably to $X in 2022. Overall, imports faced a precipitous decline. The pace of growth was the most pronounced in 2019 with an increase of 109%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) constituted the largest cotton (carded or combed) supplier to Slovakia, accounting for a 53% share of total imports. Moreover, cotton (carded or combed) imports from India exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold. France (X kg) ranked third in terms of total imports with a 9.3% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled +1,050.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-15.0% per year) and France (-32.7% per year).

In value terms, India ($X) constituted the largest supplier of cotton (carded or combed) to Slovakia, comprising 59% of total imports. The second position in the ranking was taken by Germany ($X), with a 21% share of total imports. It was followed by Indonesia, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from India totaled +8,500.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-18.5% per year) and Indonesia (0.0% per year).

Import Prices by Country

The average cotton (carded or combed) import price stood at $X per ton in 2022, with an increase of 603% against the previous year. In general, the import price posted a prominent expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+647.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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