Slovakia: Market for Furnishing Articles, Furniture and Cushion Covers 2024

Market Size for Furnishing Articles, Furniture and Cushion Covers in Slovakia

In 2022, the Slovak market for furnishing articles, furniture and cushion covers decreased by X% to $X, falling for the fifth year in a row after three years of growth. Overall, consumption, however, saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Furnishing Articles, Furniture and Cushion Covers in Slovakia

In value terms, production of furnishing articles, furniture and cushion covers contracted notably to $X in 2022 estimated in export price. Over the period under review, production showed a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Furnishing Articles, Furniture and Cushion Covers

Exports from Slovakia

In 2022, after three years of growth, there was significant decline in shipments abroad of furnishing articles, furniture and cushion covers, when their volume decreased by X% to X tons. In general, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2021, and then declined sharply in the following year.

In value terms, exports of furnishing articles, furniture and cushion covers declined significantly to $X in 2022. Overall, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then declined remarkably in the following year.

Exports by Country

Hungary (X tons), the Czech Republic (X tons) and Austria (X tons) were the main destinations of exports of furnishing articles, furniture and cushion covers from Slovakia, together accounting for X% of total exports. Poland, Croatia, Norway, Romania, Germany and Switzerland lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Croatia ($X) remains the key foreign market for furnishing articles, furniture and cushion covers exports from Slovakia, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Croatia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (X% per year) and Hungary (X% per year).

Export Prices by Country

The average export price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Hungary ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Furnishing Articles, Furniture and Cushion Covers

Imports into Slovakia

In 2022, purchases abroad of furnishing articles, furniture and cushion covers increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of furnishing articles, furniture and cushion covers soared to $X in 2022. Overall, imports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of imports of furnishing articles, furniture and cushion covers to Slovakia, together accounting for X% of total imports. The Czech Republic, Hungary, Belgium, Austria and Romania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and China ($X) constituted the largest furnishing article, furniture and cushion cover suppliers to Slovakia, with a combined X% share of total imports. The Czech Republic, Hungary, Belgium, Austria and Romania lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, 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

The average import price for furnishing articles, furniture and cushion covers stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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