Slovakia: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Slovakia

The Slovak market for polyester tow and staple, not carded, combed or otherwise processed for spinning soared to $X in 2022, picking up by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +52.2% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Slovakia

In 2022, after two years of growth, there was significant decline in overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning, when their volume decreased by -52.8% to X tons. Overall, exports faced a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 24%. Over the period under review, the exports of attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning declined remarkably to $X in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports of hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Slovakia, with a combined 93% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +58.4%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) emerged as the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Slovakia, comprising 47% of total exports. The second position in the ranking was taken by Germany ($X), with a 20% share of total exports. It was followed by France, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to +59.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+8.4% per year) and France (+20.3% per year).

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, surging by 56% against the previous year. Over the period under review, the export price continues to indicate a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Slovakia

Imports of polyester tow and staple, not carded, combed or otherwise processed for spinning into Slovakia soared to X tons in 2022, rising by 31% against the previous year. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2020 indices. The growth pace was the most rapid in 2019 when imports increased by 61% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning skyrocketed to $X in 2022. Over the period under review, total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.3% against 2020 indices. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Germany (X tons) and Ireland (X tons) were the main suppliers of imports of polyester tow and staple, not carded, combed or otherwise processed for spinning to Slovakia, with a combined 30% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +78.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyester tow and staple, not carded, combed or otherwise processed for spinning suppliers to Slovakia were Germany ($X), South Korea ($X) and Ireland ($X), together accounting for 33% of total imports.

Among the main suppliers, Ireland, with a CAGR of +76.3%, saw the highest growth rate of 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 import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, with an increase of 13% against the previous year. Overall, the import price, however, continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 42%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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