Slovakia: Knotted Carpet Market 2024

Knotted Carpet Market Size in Slovakia

The Slovak knotted carpet market reduced modestly to $X in 2022, declining by -4% against the previous year. In general, consumption saw a pronounced setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Knotted Carpet Production in Slovakia

In value terms, knotted carpet production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of 15% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Knotted Carpet Exports

Exports from Slovakia

In 2022, shipments abroad of knotted carpets and other knotted textile floor coverings increased by 35% to X square meters, rising for the fifth consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2015 with an increase of 3,326%. As a result, the exports reached the peak of X square meters. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, knotted carpet exports expanded significantly to $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when exports increased by 34,718%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X square meters) was the main destination for knotted carpet exports from Slovakia, accounting for a 83% share of total exports. Moreover, knotted carpet exports to Austria exceeded the volume sent to the second major destination, Hungary (X square meters), sixfold. The third position in this ranking was held by the Czech Republic (X square meters), with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Austria totaled +1,073.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+9.0% per year) and the Czech Republic (-34.4% per year).

In value terms, Austria ($X) remains the key foreign market for knotted carpets and other knotted textile floor coverings exports from Slovakia, comprising 89% of total exports. The second position in the ranking was held by Hungary ($X), with a 9.5% share of total exports. It was followed by the Czech Republic, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to Austria amounted to +724.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+19.5% per year) and the Czech Republic (-46.0% per year).

Export Prices by Country

The average knotted carpet export price stood at $X per square meter in 2022, shrinking by -21.2% against the previous year. Overall, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2015 an increase of 916% against the previous year. As a result, the export price attained the peak level of $X per square meter. From 2016 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 Italy ($X per square meter), while the average price for exports to the Czech Republic ($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 Hungary (+9.6%), while the prices for the other major destinations experienced a decline.

Knotted Carpet Imports

Imports into Slovakia

In 2022, imports of knotted carpets and other knotted textile floor coverings into Slovakia soared to X square meters, growing by 44% on the year before. Overall, imports enjoyed slight growth. The most prominent rate of growth was recorded in 2015 with an increase of 583%. As a result, imports reached the peak of X square meters. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, knotted carpet imports declined to $X in 2022. In general, imports, however, continue to indicate a pronounced slump. The pace of growth was the most pronounced in 2015 when imports increased by 835% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X square meters) constituted the largest knotted carpet supplier to Slovakia, with a 76% share of total imports. Moreover, knotted carpet imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X square meters), more than tenfold. The third position in this ranking was held by the Netherlands (X square meters), with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled +56.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+19.1% per year) and the Netherlands (+69.2% per year).

In value terms, Germany ($X) constituted the largest supplier of knotted carpets and other knotted textile floor coverings to Slovakia, comprising 79% of total imports. The second position in the ranking was taken by Austria ($X), with a 6.5% share of total imports. It was followed by the Czech Republic, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +42.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+3.5% per year) and the Czech Republic (+10.8% per year).

Import Prices by Country

The average knotted carpet import price stood at $X per square meter in 2022, dropping by -30.7% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 108% against the previous year. The import price peaked at $X per square meter in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per square meter), while the price for the Netherlands ($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 France (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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