Slovakia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Slovakia

The Slovak market for footwear with uppers of textile materials surged to $X in 2022, picking up by 23% against the previous year. In general, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.1% 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 +31.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Footwear with Uppers of Textile Materials in Slovakia

In value terms, production of footwear with uppers of textile materials surged to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable descent. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Footwear with Uppers of Textile Materials

Exports from Slovakia

In 2022, approx. X pairs of footwear with uppers of textile materials were exported from Slovakia; picking up by 12% against 2021. In general, total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +9.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.2% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by 105%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of footwear with uppers of textile materials expanded remarkably to $X in 2022. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Austria (X pairs), Germany (X pairs) and the Czech Republic (X pairs) were the main destinations of exports of footwear with uppers of textile materials from Slovakia, with a combined 65% share of total exports. Hungary, Poland, Croatia, Slovenia, France and Turkey lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of +68.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for footwear with uppers of textile materials exported from Slovakia were Germany ($X), Austria ($X) and the Czech Republic ($X), together comprising 69% of total exports. Hungary, Poland, Croatia, Slovenia, France and Turkey lagged somewhat behind, together comprising a further 22%.

Croatia, with a CAGR of +74.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for footwear with uppers of textile materials amounted to $X per pair, with an increase of 1.7% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 footwear with uppers of textile materials increased by +61.7% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 22%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per pair), while the average price for exports to France ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Slovakia

In 2022, approx. X pairs of footwear with uppers of textile materials were imported into Slovakia; increasing by 15% compared with 2021. The total import volume increased at an average annual rate of +5.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 63%. Over the period under review, imports of attained the peak figure at X pairs in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, imports of footwear with uppers of textile materials skyrocketed to $X in 2022. In general, imports recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of 43%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear with uppers of textile materials supplier to Slovakia, accounting for a 61% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), sixfold. The third position in this ranking was held by Myanmar (X pairs), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+10.3% per year) and Myanmar (+572.7% per year).

In value terms, China ($X) constituted the largest supplier of footwear with uppers of textile materials to Slovakia, comprising 55% of total imports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total imports. It was followed by Bangladesh, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+19.1% per year) and Bangladesh (+50.0% per year).

Import Prices by Country

In 2022, the average import price for footwear with uppers of textile materials amounted to $X per pair, increasing by 5.3% against the previous year. Over the period under review, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for footwear with uppers of textile materials increased by +96.5% against 2014 indices. The pace of growth appeared the most rapid in 2015 an increase of 24%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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