Carpet Market Overview in Slovakia
In value terms, carpet production reached $ in estimated in export prices. In general, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2010 when the production volume increased by % y-o-y. As a result, production reached the peak level of $. From 2011 to , production growth remained at a lower figure.
The size of the carpet market in Slovakia declined remarkably to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a perceptible slump. The most prominent rate of growth was recorded in 2013 with an increase of % against the previous year. Carpet consumption peaked at $ in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.
From 2007 to , the average annual rate of growth in terms of the volume of consumption of tufted carpets and other tufted textile floor coverings totaled -%. With regard to the other consumed products, the following average annual rates of growth were recorded: woven carpets and other woven textile coverings (+% per year) and knotted carpets and other knotted textile floor coverings (+% per year).
In value terms, the most traded types of carpets and other textile floor coverings in Slovakia were tufted carpets and other tufted textile floor coverings ($), knotted carpets and other knotted textile floor coverings ($) and woven carpets and other woven textile coverings ($).
Among the main consumed products, woven carpet saw the highest rates of growth with regard to market size, over the period under review, while carpet market for the other products experienced a decline.