Slovenia: Market for Footwear with Uppers of Textile Materials 2024

Market Size for Footwear with Uppers of Textile Materials in Slovenia

The Slovene market for footwear with uppers of textile materials fell sharply to $X in 2022, which is down by -32.7% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Production of Footwear with Uppers of Textile Materials in Slovenia

In value terms, production of footwear with uppers of textile materials reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by 21%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Footwear with Uppers of Textile Materials

Exports from Slovenia

In 2022, shipments abroad of footwear with uppers of textile materials decreased by -35.4% to X pairs for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, saw strong growth. The pace of growth was the most pronounced in 2020 when exports increased by 245%. Over the period under review, the exports of reached the peak figure at X pairs in 2021, and then shrank dramatically in the following year.

In value terms, exports of footwear with uppers of textile materials declined remarkably to $X in 2022. Over the period under review, exports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by 114% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then reduced notably in the following year.

Exports by Country

Croatia (X pairs) was the main destination for exports of footwear with uppers of textile materials from Slovenia, accounting for a 52% share of total exports. Moreover, exports of footwear with uppers of textile materials to Croatia exceeded the volume sent to the second major destination, Hungary (X pairs), twofold. Italy (X pairs) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2022, the average annual growth rate of volume to Croatia amounted to +30.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+41.3% per year) and Italy (-2.2% per year).

In value terms, the largest markets for footwear with uppers of textile materials exported from Slovenia were Croatia ($X), Hungary ($X) and Serbia ($X), together accounting for 68% of total exports.

In terms of the main countries of destination, Hungary, with a CAGR of +34.2%, saw the highest growth rate of 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 export price for footwear with uppers of textile materials stood at $X per pair in 2022, with an increase of 6.1% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per pair in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Serbia ($X per pair), while the average price for exports to Croatia ($X per pair) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Footwear with Uppers of Textile Materials

Imports into Slovenia

In 2022, supplies from abroad of footwear with uppers of textile materials decreased by -44.2% to X pairs for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded strong growth. The pace of growth was the most pronounced in 2020 with an increase of 59%. Imports peaked at X pairs in 2021, and then shrank dramatically in the following year.

In value terms, imports of footwear with uppers of textile materials reduced to $X in 2022. Overall, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X pairs) constituted the largest footwear with uppers of textile materials supplier to Slovenia, with a 62% share of total imports. Moreover, imports of footwear with uppers of textile materials from China exceeded the figures recorded by the second-largest supplier, Vietnam (X pairs), fourfold. The third position in this ranking was taken by Italy (X pairs), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+20.5% per year) and Italy (-1.1% per year).

In value terms, the largest footwear with uppers of textile materials suppliers to Slovenia were China ($X), Vietnam ($X) and Italy ($X), with a combined 78% share of total imports. Indonesia, Bangladesh, Germany and Hungary lagged somewhat behind, together comprising a further 7.5%.

Among the main suppliers, Bangladesh, with a CAGR of +65.1%, recorded 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 import price for footwear with uppers of textile materials stood at $X per pair in 2022, with an increase of 58% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform