Slovakia: Skates Market 2024

Skates Market Size in Slovakia

For the third consecutive year, the Slovak skates market recorded growth in sales value, which increased by 31% to $X in 2021. Overall, consumption recorded a modest expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Skates Exports

Exports from Slovakia

In 2021, shipments abroad of ice skates and roller skates decreased by -11.1% to X tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 89%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, skates exports reduced dramatically to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 143% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for skates exports from Slovakia, accounting for a 50% share of total exports. Moreover, skates exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +23.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+186.1% per year) and Poland (-7.3% per year).

In value terms, the Czech Republic ($X), Germany ($X) and Poland ($X) constituted the largest markets for skates exported from Slovakia worldwide, together accounting for 80% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +191.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average skates export price amounted to $X per ton, which is down by -10.5% against the previous year. Overall, the export price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 31% against the previous year. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Latvia ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Latvia (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Skates Imports

Imports into Slovakia

Skates imports into Slovakia skyrocketed to X tons in 2021, growing by 16% against 2020. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 50% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, skates imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 64% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Czech Republic (X tons) constituted the largest skates supplier to Slovakia, accounting for a 43% share of total imports. Moreover, skates imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Czech Republic stood at +20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.2% per year) and Germany (+15.1% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of ice skates and roller skates to Slovakia, comprising 40% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Czech Republic totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+19.8% per year) and China (-17.3% per year).

Import Prices by Country

The average skates import price stood at $X per ton in 2021, increasing by 7.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 21%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :