Slovakia: Leather Footwear Market 2024

Leather Footwear Market Size in Slovakia

In 2021, the Slovak leather footwear market increased by 28% to $X, rising for the fifth year in a row after four years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Leather Footwear Production in Slovakia

In value terms, leather footwear production reduced notably to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 22%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Leather Footwear Exports

Exports from Slovakia

For the third consecutive year, Slovakia recorded decline in overseas shipments of leather footwear, which decreased by -4.5% to X tons in 2021. In general, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 8% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, leather footwear exports reduced to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of 8.8%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for leather footwear exports from Slovakia, accounting for a 52% share of total exports. Moreover, leather footwear exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), fivefold. The third position in this ranking was taken by Austria (X tons), with a 9.7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-7.6% per year) and Austria (+1.5% per year).

In value terms, Germany ($X) remains the key foreign market for leather footwear exports from Slovakia, comprising 51% of total exports. The second position in the ranking was held by Poland ($X), with an 11% share of total exports. It was followed by Austria, with a 5.3% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-4.7% per year) and Austria (+0.4% per year).

Export Prices by Country

The average leather footwear export price stood at $X per kg in 2021, with an increase of 4.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per kg), while the average price for exports to Austria ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Slovakia

Leather footwear imports into Slovakia dropped modestly to X tons in 2021, almost unchanged from the year before. Over the period under review, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 27% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, leather footwear imports expanded markedly to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Poland (X tons) and the Czech Republic (X tons) were the main suppliers of leather footwear imports to Slovakia, with a combined 69% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +61.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest leather footwear suppliers to Slovakia were Poland ($X), the Czech Republic ($X) and Vietnam ($X), with a combined 63% share of total imports.

In terms of the main suppliers, Poland, with a CAGR of +67.0%, 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

In 2021, the average leather footwear import price amounted to $X per kg, growing by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. 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 ($X per kg), while the price for Vietnam ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform