Slovakia: Man-Made Filament Yarn Market 2024

Man-Made Filament Yarn Market Size in Slovakia

The Slovak man-made filament yarn market contracted notably to $X in 2021, waning by -97.4% against the previous year. Overall, consumption continues to indicate a precipitous shrinkage. Man-made filament yarn consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Man-Made Filament Yarn Production in Slovakia

In value terms, man-made filament yarn production rose to $X in 2021 estimated in export price. Overall, production saw a abrupt slump. The most prominent rate of growth was recorded in 2014 when the production volume increased by 8% 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.

Man-Made Filament Yarn Exports

Exports from Slovakia

In 2021, shipments abroad of man-made filament yarn increased by 995% to X tons, rising for the second year in a row after five years of decline. Over the period under review, exports posted prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, man-made filament yarn exports surged to $X in 2021. Overall, exports recorded prominent growth. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Spain (X tons) and Romania (X tons) were the main destinations of man-made filament yarn exports from Slovakia, together comprising 51% of total exports. Germany, the UK, France, Belgium, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +4,111,000.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for man-made filament yarn exported from Slovakia were the United States ($X), Spain ($X) and Germany ($X), together accounting for 54% of total exports. The UK, France, Belgium, Romania, the Czech Republic and Italy lagged somewhat behind, together comprising a further 36%.

The UK, with a CAGR of +6,107,240.0%, 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 man-made filament yarn export price amounted to $X per ton, shrinking by -29% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 49%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, 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 Germany ($X per ton), while the average price for exports to Italy ($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 the UK (+48.6%), while the prices for the other major destinations experienced mixed trend patterns.

Man-Made Filament Yarn Imports

Imports into Slovakia

In 2021, supplies from abroad of man-made filament yarn increased by 14% to X tons, rising for the third year in a row after four years of decline. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 59%. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, man-made filament yarn imports fell to $X in 2021. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 60% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) constituted the largest man-made filament yarn supplier to Slovakia, accounting for a 40% share of total imports. Moreover, man-made filament yarn imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland totaled +267.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+123.9% per year) and the Czech Republic (+7.2% per year).

In value terms, the largest man-made filament yarn suppliers to Slovakia were Poland ($X), Germany ($X) and Italy ($X), with a combined 62% share of total imports.

Poland, with a CAGR of +238.1%, 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

In 2021, the average man-made filament yarn import price amounted to $X per ton, declining by -15.2% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 83% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a 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 ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+148.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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