Slovakia: Luggage Market 2024

Luggage Market Size in Slovakia

The Slovak luggage market contracted dramatically to $X in 2023, falling by X% against the previous year. Over the period under review, consumption recorded a precipitous setback. Luggage consumption peaked at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Luggage Production in Slovakia

In value terms, luggage production shrank sharply to $X in 2023 estimated in export price. Overall, production, however, saw a significant increase. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then dropped markedly in the following year.

Luggage Exports

Exports from Slovakia

In 2023, shipments abroad of luggage and handbags increased by X% to X units, rising for the fourth consecutive year after three years of decline. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of X units. From 2017 to 2023, the growth of the exports failed to regain momentum.

In value terms, luggage exports reduced dramatically to $X in 2023. Over the period under review, total exports indicated a mild expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Austria (X units), the Czech Republic (X units) and Hungary (X units) were the main destinations of luggage exports from Slovakia, with a combined X% share of total exports. Poland, Croatia, Germany, Romania, Slovenia, Italy, France, Japan and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for luggage exported from Slovakia were the Czech Republic ($X), Austria ($X) and Hungary ($X), with a combined X% share of total exports. Poland, Germany, Croatia, Japan, Romania, France, Slovenia, Italy and Turkey lagged somewhat behind, together accounting for a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 2023, the average luggage export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Luggage Imports

Imports into Slovakia

In 2023, supplies from abroad of luggage and handbags decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. In general, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X units in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, luggage imports rose sharply to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Germany (X units), Poland (X units) and the Czech Republic (X units) were the main suppliers of luggage imports to Slovakia, with a combined X% share of total imports. China, the Netherlands, Hungary, Austria, Italy, India and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Czech Republic ($X) were the largest luggage suppliers to Slovakia, with a combined X% share of total imports.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to 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 luggage import price stood at $X per unit in 2023, surging by X% against the previous year. In general, the import price posted a resilient increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2023, 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 the UK ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform