Slovakia: Parachute Market 2025

Parachute Market Size in Slovakia

In 2021, the Slovak parachute market increased by 12% to $X, rising for the second year in a row after four years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Parachute Production in Slovakia

In value terms, parachute production contracted modestly to $X in 2021 estimated in export price. Overall, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +3.8% against 2019 indices. The pace of growth was the most pronounced in 2014 when the production volume increased by 44%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Parachute Exports

Exports from Slovakia

Parachute exports from Slovakia contracted notably to X kg in 2021, shrinking by -93.4% on 2020 figures. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 593%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, parachute exports declined remarkably to $X in 2021. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2013 when exports increased by 341% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then dropped remarkably in the following year.

Exports by Country

Lithuania (X kg), Italy (X kg) and Israel (X kg) were the main destinations of parachute exports from Slovakia, together comprising 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +17.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parachute exported from Slovakia were Canada ($X), Israel ($X) and the United States ($X), together accounting for 43% of total exports. Italy, Lithuania, Switzerland, China, Singapore and Costa Rica lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, Italy, with a CAGR of +45.8%, saw 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 parachute export price amounted to $X per ton, with an increase of 24% against the previous year. Overall, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, parachute export price increased by +3.3% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of 88% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Costa Rica ($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 China (+81.6%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into Slovakia

In 2021, approx. X tons of parachutes and rotochutes were imported into Slovakia; surging by 42% against the previous year's figure. Over the period under review, imports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 158%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, parachute imports skyrocketed to $X in 2021. Overall, imports saw strong growth. The growth pace was the most rapid in 2015 when imports increased by 116%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Czech Republic (X kg), the United States (X kg) and Vietnam (X kg) were the main suppliers of parachute imports to Slovakia, together comprising 87% of total imports. South Korea, New Zealand, China and Russia lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +97.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), the United States ($X) and Vietnam ($X) constituted the largest parachute suppliers to Slovakia, with a combined 89% share of total imports. These countries were followed by New Zealand, South Korea, Russia and China, which together accounted for a further 9.5%.

New Zealand, with a CAGR of +202.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average parachute import price stood at $X per ton in 2021, increasing by 11% against the previous year. Over the period under review, the import price recorded a strong expansion. The growth pace was the most rapid in 2014 when the average import price increased by 73% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (+26.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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