Slovakia: Woven Carpet Market 2024

Woven Carpet Market Size in Slovakia

In 2022, the Slovak woven carpet market increased by 2.9% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption continues to indicate a mild shrinkage. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Woven Carpet Exports

Exports from Slovakia

In 2022, overseas shipments of woven carpets and other woven textile coverings decreased by -9.2% to X square meters, falling for the third consecutive year after two years of growth. Over the period under review, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -26.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 39%. The exports peaked at X square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, woven carpet exports fell to $X in 2022. In general, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -24.6% against 2019 indices. The growth pace was the most rapid in 2018 when exports increased by 32%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Austria (X square meters) was the main destination for woven carpet exports from Slovakia, with a 67% share of total exports. Moreover, woven carpet exports to Austria exceeded the volume sent to the second major destination, Hungary (X square meters), fivefold. The Czech Republic (X square meters) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Austria stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+1.6% per year) and the Czech Republic (-5.2% per year).

In value terms, Austria ($X) remains the key foreign market for woven carpets and other woven textile coverings exports from Slovakia, comprising 74% of total exports. The second position in the ranking was taken by Hungary ($X), with a 12% share of total exports. It was followed by the Czech Republic, with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Austria amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+5.2% per year) and the Czech Republic (-7.6% per year).

Export Prices by Country

In 2022, the average woven carpet export price amounted to $X per square meter, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2014 when the average export price increased by 24% against the previous year. The export price peaked at $X per square meter in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+14.8%), while the prices for the other major destinations experienced more modest paces of growth.

Woven Carpet Imports

Imports into Slovakia

In 2022, overseas purchases of woven carpets and other woven textile coverings decreased by -3.7% to X square meters for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 24% against the previous year. As a result, imports reached the peak of X square meters. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, woven carpet imports reached $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 34% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Turkey (X square meters), Germany (X square meters) and Poland (X square meters) were the main suppliers of woven carpet imports to Slovakia, together accounting for 55% of total imports. Austria, India, Belgium, Ukraine, China and the Czech Republic lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Germany ($X) and Austria ($X) appeared to be the largest woven carpet suppliers to Slovakia, with a combined 60% share of total imports. India, Poland, Belgium, China, Ukraine and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

Ukraine, with a CAGR of +56.2%, saw 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

The average woven carpet import price stood at $X per square meter in 2022, growing by 4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12%. As a result, import price reached the peak level of $X per square meter. 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 Turkey ($X per square meter), while the price for Poland ($X per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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