Slovenia: Cotton Embroidery Market 2024

Cotton Embroidery Market Size in Slovenia

The Slovene cotton embroidery market declined modestly to $X in 2022, reducing by -4.1% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Cotton Embroidery Production in Slovenia

In value terms, cotton embroidery production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 67%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Cotton Embroidery Exports

Exports from Slovenia

In 2022, approx. X kg of cotton embroidery in the piece were exported from Slovenia; with a decrease of -77.5% on the previous year's figure. In general, exports faced a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 947% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cotton embroidery exports reduced remarkably to $X in 2022. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2020 with an increase of 1,212% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined rapidly in the following year.

Exports by Country

Serbia (X kg) was the main destination for cotton embroidery exports from Slovenia, accounting for a 71% share of total exports. Moreover, cotton embroidery exports to Serbia exceeded the volume sent to the second major destination, Croatia (X kg), ninefold. The third position in this ranking was taken by Italy (X kg), with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia stood at +552.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+6.5% per year) and Italy (-30.0% per year).

In value terms, Serbia ($X), Italy ($X) and Croatia ($X) constituted the largest markets for cotton embroidery exported from Slovenia worldwide, together accounting for 57% of total exports.

In terms of the main countries of destination, Serbia, with a CAGR of +89.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cotton embroidery export price stood at $X per ton in 2022, with a decrease of -68.9% against the previous year. Over the period under review, the export price, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 392%. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+56.8%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Embroidery Imports

Imports into Slovenia

After two years of growth, supplies from abroad of cotton embroidery in the piece decreased by -61.1% to X kg in 2022. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 228% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cotton embroidery imports fell to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 104%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X kg) constituted the largest supplier of cotton embroidery to Slovenia, with a 28% share of total imports. Moreover, cotton embroidery imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), twofold. The third position in this ranking was taken by Croatia (X kg), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.7% per year) and Croatia (-59.3% per year).

In value terms, Austria ($X), Switzerland ($X) and Taiwan (Chinese) ($X) constituted the largest cotton embroidery suppliers to Slovenia, together accounting for 61% of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +47.5%, saw the highest growth rate of 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

The average cotton embroidery import price stood at $X per ton in 2022, jumping by 131% against the previous year. Over the period under review, the import price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of 180%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+83.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform