Slovakia: Sportswear Market 2025

Sportswear Market Size in Slovakia

In 2021, the Slovak sportswear market decreased by -38.5% to $X, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a abrupt decline. Sportswear consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Sportswear Production in Slovakia

In value terms, sportswear production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild increase. The most prominent rate of growth was recorded in 2015 with an increase of 84%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Sportswear Exports

Exports from Slovakia

Sportswear exports from Slovakia skyrocketed to X units in 2021, picking up by 52% on the previous year's figure. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sportswear exports skyrocketed to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), the Czech Republic (X units) and Austria (X units) were the main destinations of sportswear exports from Slovakia, with a combined 52% share of total exports. These countries were followed by Hungary, Italy, Croatia, Russia, Romania, Germany, Slovenia, Serbia and Bulgaria, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +229.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sportswear exported from Slovakia were the Czech Republic ($X), Poland ($X) and Russia ($X), with a combined 53% share of total exports. These countries were followed by Hungary, Austria, Italy, Romania, Germany, Croatia, Slovenia, Bulgaria and Serbia, which together accounted for a further 44%.

Italy, with a CAGR of +228.3%, recorded the highest rates of growth with regard to 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

In 2021, the average sportswear export price amounted to $X per unit, picking up by 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.6%. The pace of growth appeared the most rapid in 2020 an increase of 51%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sportswear Imports

Imports into Slovakia

In 2021, purchases abroad of track suits, ski suits and swimwear increased by 96% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sportswear imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Poland (X units) were the main suppliers of sportswear imports to Slovakia, with a combined 69% share of total imports. The Czech Republic, Cambodia, Turkey, Croatia, Hungary, Austria, Italy and Belgium lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +178.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Poland ($X) appeared to be the largest sportswear suppliers to Slovakia, together comprising 55% of total imports. Croatia, the Czech Republic, Turkey, Cambodia, Italy, Hungary, Austria and Belgium lagged somewhat behind, together accounting for a further 38%.

Croatia, with a CAGR of +149.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 sportswear import price stood at $X per unit in 2021, dropping by -33% against the previous year. In general, the import price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Croatia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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