Slovakia: Metallised Yarn Market 2024

Metallised Yarn Market Size in Slovakia

The Slovak metallised yarn market surged to $X in 2021, picking up by 17% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Metallised yarn consumption peaked in 2021 and is expected to retain growth in the immediate term.

Metallised Yarn Production in Slovakia

In value terms, metallised yarn production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by 18% against the previous year. Metallised yarn production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Metallised Yarn Exports

Exports from Slovakia

In 2021, exports of metallised yarn and strip from Slovakia reduced rapidly to X kg, which is down by -72.6% on the year before. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 1,129% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, metallised yarn exports dropped remarkably to $X in 2021. In general, exports, however, saw a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 861%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Switzerland (X kg) was the main destination for metallised yarn exports from Slovakia, accounting for a 73% share of total exports. Moreover, metallised yarn exports to Switzerland exceeded the volume sent to the second major destination, Belgium (X kg), fivefold. The third position in this ranking was held by Poland (X kg), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Switzerland stood at +3.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+100.0% per year) and Poland (+13.6% per year).

In value terms, Switzerland ($X) emerged as the key foreign market for metallised yarn exports from Slovakia, comprising 51% of total exports. The second position in the ranking was held by Poland ($X), with a 24% share of total exports. It was followed by Belgium, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Switzerland totaled -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (-7.0% per year) and Belgium (-6.2% per year).

Export Prices by Country

In 2021, the average metallised yarn export price amounted to $X per ton, shrinking by -34.6% against the previous year. Over the period under review, the export price showed a dramatic decline. The most prominent rate of growth was recorded in 2015 when the average export price increased by 89% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to Belgium ($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 Hungary (+65.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metallised Yarn Imports

Imports into Slovakia

In 2021, approx. X tons of metallised yarn and strip were imported into Slovakia; increasing by 62% compared with the previous year's figure. Overall, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 228% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, metallised yarn imports surged to $X in 2021. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2014 when imports increased by 120%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of metallised yarn to Slovakia, accounting for a 55% share of total imports. Moreover, metallised yarn imports from Poland exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +148.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+589.5% per year) and Germany (+2.5% per year).

In value terms, Germany ($X), Poland ($X) and Portugal ($X) were the largest metallised yarn suppliers to Slovakia, with a combined 87% share of total imports.

Among the main suppliers, Portugal, with a CAGR of +987.5%, saw 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

The average metallised yarn import price stood at $X per ton in 2021, dropping by -10.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2017 when the average import price increased by 263% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+57.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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