Slovakia: Women Knitwear Market 2024

Women Knitwear Market Size in Slovakia

In 2022, the Slovak women knitwear market decreased by -1.7% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Women Knitwear Production in Slovakia

In value terms, women knitwear production soared to $X in 2022 estimated in export price. Over the period under review, production faced a dramatic downturn. The growth pace was the most rapid in 2018 when the production volume increased by 46,654%. Women knitwear production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Women Knitwear Exports

Exports from Slovakia

Women knitwear exports from Slovakia expanded rapidly to X units in 2022, surging by 14% on 2021 figures. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 112% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, women knitwear exports skyrocketed to $X in 2022. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2019 with an increase of 91% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X units), the Czech Republic (X units) and Austria (X units) were the main destinations of women knitwear exports from Slovakia, together accounting for 62% of total exports. Hungary, Romania, Croatia, Italy, Germany and Greece lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +47.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Hungary ($X) appeared to be the largest markets for women knitwear exported from Slovakia worldwide, together comprising 65% of total exports. Austria, Romania, Croatia, Italy, Germany and Greece lagged somewhat behind, together comprising a further 29%.

Croatia, with a CAGR of +27.8%, saw the highest rates of growth with regard to the value of exports, among 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 women knitwear export price stood at $X per unit in 2022, with an increase of 4.9% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 39% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+39.1%), while the prices for the other major destinations experienced a decline.

Women Knitwear Imports

Imports into Slovakia

Women knitwear imports into Slovakia stood at X units in 2022, picking up by 12% compared with 2021. Overall, imports posted prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by 50% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, women knitwear imports expanded significantly to $X in 2022. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2019 when imports increased by 85% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Bangladesh (X units) constituted the largest women knitwear supplier to Slovakia, with a 38% share of total imports. Moreover, women knitwear imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Turkey (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from Bangladesh amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.4% per year) and Turkey (+9.1% per year).

In value terms, the largest women knitwear suppliers to Slovakia were Bangladesh ($X), China ($X) and Turkey ($X), together comprising 63% of total imports.

Bangladesh, with a CAGR of +23.0%, recorded the highest growth rate of 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

In 2022, the average women knitwear import price amounted to $X per unit, stabilizing at the previous year. In general, the import price showed a slight reduction. The pace of growth appeared the most rapid in 2019 an increase of 23%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Cambodia ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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