Slovakia: Sails Market 2024

Sails Market Size in Slovakia

In 2022, after four years of growth, there was decline in the Slovak sails market, when its value decreased by -0.4% to $X. Over the period under review, consumption, however, enjoyed buoyant growth. As a result, consumption reached the peak level of $X, leveling off in the following year.

Sails Production in Slovakia

In value terms, sails production declined to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 33%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Sails Exports

Exports from Slovakia

For the fourth year in a row, Slovakia recorded growth in overseas shipments of sails, which increased by 78% to X tons in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 194%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, sails exports skyrocketed to $X in 2022. Overall, exports showed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Czech Republic (X tons) was the main destination for sails exports from Slovakia, accounting for a 61% share of total exports. Moreover, sails exports to the Czech Republic exceeded the volume sent to the second major destination, Germany (X tons), threefold. France (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic stood at +107.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+15.5% per year) and France (+39.7% per year).

In value terms, Germany ($X), the Czech Republic ($X) and France ($X) appeared to be the largest markets for sails exported from Slovakia worldwide, with a combined 84% share of total exports.

The Czech Republic, with a CAGR of +69.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sails export price stood at $X per ton in 2022, increasing by 2.3% against the previous year. Overall, the export price, however, showed a deep contraction. The growth pace was the most rapid in 2018 an increase of 25%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Czech Republic ($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 Germany (-3.3%), while the prices for the other major destinations experienced a decline.

Sails Imports

Imports into Slovakia

In 2022, overseas purchases of sails increased by 13% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 605%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, sails imports totaled $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 1,378% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, Poland (X tons) was the main supplier of sails to Slovakia, with a 97% share of total imports. It was followed by China (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +146.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.6% per year) and Italy (-34.2% per year).

In value terms, Poland ($X) constituted the largest supplier of sails to Slovakia, comprising 85% of total imports. The second position in the ranking was held by China ($X), with a 9.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Poland stood at +142.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+18.7% per year) and Italy (-30.7% per year).

Import Prices by Country

The average sails import price stood at $X per ton in 2022, waning by -7.3% against the previous year. In general, the import price faced a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average import price increased by 110% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average 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 Italy ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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