Slovakia: Market for Floor, Wall Or Ceiling Coverings Of Plastics 2024

Market Size for Floor, Wall Or Ceiling Coverings Of Plastics in Slovakia

After two years of growth, the Slovak market for floor, wall or ceiling coverings of plastics decreased by -14.5% to $X in 2022. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +46.3% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Production of Floor, Wall Or Ceiling Coverings Of Plastics in Slovakia

In value terms, production of floor, wall or ceiling coverings of plastics reduced slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 24%. Over the period under review, production of reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Floor, Wall Or Ceiling Coverings Of Plastics

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of floor, wall or ceiling coverings of plastics, when their volume decreased by -34.5% to X square meters. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 when exports increased by 129%. Over the period under review, the exports of attained the maximum at X square meters in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of floor, wall or ceiling coverings of plastics dropped rapidly to $X in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 139%. Over the period under review, the exports of attained the maximum at $X in 2021, and then reduced markedly in the following year.

Exports by Country

The Czech Republic (X square meters), Hungary (X square meters) and Austria (X square meters) were the main destinations of exports of floor, wall or ceiling coverings of plastics from Slovakia, with a combined 92% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +42.6%), while the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Hungary ($X) and Austria ($X) constituted the largest markets for plastic floor, wall and ceiling coverings exported from Slovakia worldwide, with a combined 88% share of total exports.

Among the main countries of destination, Hungary, with a CAGR of +48.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for floor, wall or ceiling coverings of plastics stood at $X per square meter in 2022, with an increase of 6.3% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for floor, wall or ceiling coverings of plastics increased by +85.8% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 62% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per square meter), while the average price for exports to Ukraine ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floor, Wall Or Ceiling Coverings Of Plastics

Imports into Slovakia

In 2022, purchases abroad of floor, wall or ceiling coverings of plastics decreased by -15.6% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 59% against the previous year. Over the period under review, imports of hit record highs at X square meters in 2021, and then declined dramatically in the following year.

In value terms, imports of floor, wall or ceiling coverings of plastics reduced remarkably to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.9% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

In 2022, China (X square meters) constituted the largest plastic floor, wall and ceiling coverings supplier to Slovakia, accounting for a 35% share of total imports. Moreover, imports of floor, wall or ceiling coverings of plastics from China exceeded the figures recorded by the second-largest supplier, Belgium (X square meters), threefold. The third position in this ranking was taken by Germany (X square meters), with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.1% per year) and Germany (-3.2% per year).

In value terms, China ($X) constituted the largest supplier of floor, wall or ceiling coverings of plastics to Slovakia, comprising 27% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports. It was followed by Germany, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +30.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+12.9% per year) and Germany (-2.9% per year).

Import Prices by Country

In 2022, the average import price for floor, wall or ceiling coverings of plastics amounted to $X per square meter, shrinking by -2% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. Over the period under review, average import prices attained the maximum at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per square meter), while the price for Slovenia ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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