Slovakia: Silk Fabric Market 2024

Silk Fabric Market Size in Slovakia

The Slovak silk fabric market rose markedly to $X in 2021, increasing by 8.5% against the previous year. Overall, consumption, however, continues to indicate a pronounced descent. Silk fabric consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Silk Fabric Production in Slovakia

In value terms, silk fabric production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, showed a mild reduction. The pace of growth appeared the most rapid in 2019 when the production volume increased by 31%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Silk Fabric Exports

Exports from Slovakia

In 2021, after two years of growth, there was significant decline in shipments abroad of woven fabrics of silk or of silk waste, when their volume decreased by -96.7% to X square meters. In general, exports faced a dramatic downturn. The growth pace was the most rapid in 2019 when exports increased by 3,254% against the previous year. The exports peaked at X square meters in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silk fabric exports fell dramatically to $X in 2021. Overall, exports showed a precipitous contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 903% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X square meters), the United Arab Emirates (X square meters) and Romania (X square meters) were the main destinations of silk fabric exports from Slovakia, together accounting for 53% of total exports. Germany, Hungary, Austria, Croatia, Poland, Slovenia, Azerbaijan, the Netherlands, Portugal and Ireland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +2,900.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for woven fabrics of silk or of silk waste exports from Slovakia, comprising 79% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 10% share of total exports. It was followed by Azerbaijan, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (-52.3% per year) and Azerbaijan (0.0% per year).

Export Prices by Country

In 2021, the average silk fabric export price amounted to $X per square meter, with an increase of 884% against the previous year. In general, the export price showed a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 2,018%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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 the United Arab Emirates ($X per square meter), while the average price for exports to Portugal ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (-12.5%), while the prices for the other major destinations experienced a decline.

Silk Fabric Imports

Imports into Slovakia

In 2021, silk fabric imports into Slovakia declined markedly to X square meters, falling by -44.1% compared with 2020. In general, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, imports hit record highs at X square meters in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, silk fabric imports fell sharply to $X in 2021. Over the period under review, imports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X square meters), the Czech Republic (X square meters) and Germany (X square meters) were the main suppliers of silk fabric imports to Slovakia, together accounting for 94% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of -1.7%), while purchases for the other leaders experienced a decline.

In value terms, Italy ($X) constituted the largest supplier of woven fabrics of silk or of silk waste to Slovakia, comprising 51% of total imports. The second position in the ranking was held by Germany ($X), with a 22% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to -42.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.7% per year) and China (-10.7% per year).

Import Prices by Country

The average silk fabric import price stood at $X per square meter in 2021, with a decrease of -22.4% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 25%. The import price peaked at $X per square meter in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was China ($X per square meter), while the price for the Czech Republic ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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