Slovakia: Cotton Fabric Market 2024

Cotton Fabric Market Size in Slovakia

The Slovak cotton fabric market contracted markedly to $X in 2021, reducing by -73.6% against the previous year. Overall, consumption saw a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Cotton Fabric Production in Slovakia

In value terms, cotton fabric production amounted to $X in 2021 estimated in export price. In general, production saw a precipitous contraction. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Cotton Fabric Exports

Exports from Slovakia

In 2021, approx. X tons of woven fabrics of cotton were exported from Slovakia; which is down by -19.8% compared with the previous year. Over the period under review, exports continue to indicate a precipitous decline. The pace of growth appeared the most rapid in 2014 when exports increased by 13% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cotton fabric exports fell sharply to $X in 2021. In general, exports saw a sharp curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 60% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Ukraine (X tons), the Czech Republic (X tons) and Bulgaria (X tons) were the main destinations of cotton fabric exports from Slovakia, together comprising 66% of total exports. China, Austria, Morocco, Tunisia, Germany, Italy and Poland lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +180.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) remains the key foreign market for woven fabrics of cotton exports from Slovakia, comprising 46% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Ukraine stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-0.5% per year) and China (+249.1% per year).

Export Prices by Country

The average cotton fabric export price stood at $X per ton in 2021, flattening at the previous year. Overall, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 287%. The export price peaked at $X per ton in 2020, and then dropped slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Imports

Imports into Slovakia

After two years of growth, purchases abroad of woven fabrics of cotton decreased by -74.7% to X tons in 2021. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of 189%. Imports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, cotton fabric imports reduced notably to $X in 2021. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 176% against the previous year. As a result, imports attained the peak of $X, and then dropped dramatically in the following year.

Imports by Country

The Czech Republic (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of cotton fabric imports to Slovakia, with a combined 59% share of total imports. The Netherlands, Poland, Pakistan, Turkey, France, Lithuania, Italy, Belgium, Switzerland and China lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +69.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cotton fabric suppliers to Slovakia were Germany ($X), the Czech Republic ($X) and the Netherlands ($X), with a combined 69% share of total imports. These countries were followed by Poland, Pakistan, Turkey, Switzerland, Italy, Austria, France, Lithuania, Belgium and China, which together accounted for a further 25%.

Among the main suppliers, Poland, with a CAGR of +67.0%, recorded the highest rates of growth with regard to 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

In 2021, the average cotton fabric import price amounted to $X per ton, increasing by 42% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 102% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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