Croatia: Bicycle Market 2024

Bicycle Market Size in Croatia

In 2022, the Croatian bicycle market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. Overall, consumption continues to indicate a pronounced decrease. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Bicycle Production in Croatia

In value terms, bicycle production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed a deep setback. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Bicycle Exports

Exports from Croatia

In 2022, after four years of growth, there was decline in shipments abroad of bicycles and other cycles, when their volume decreased by X% to X units. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, bicycle exports contracted slightly to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

Slovenia (X units), Italy (X units) and Austria (X units) were the main destinations of bicycle exports from Croatia, with a combined X% share of total exports. Hungary, Bosnia and Herzegovina, Romania, Poland and Serbia 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 Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) remains the key foreign market for bicycles and other cycles exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

The average bicycle export price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 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 Bosnia and Herzegovina ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

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

Bicycle Imports

Imports into Croatia

In 2022, supplies from abroad of bicycles and other cycles decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bicycle imports shrank to $X in 2022. Overall, total imports indicated modest growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2021, and then shrank in the following year.

Imports by Country

Italy (X units), Slovenia (X units) and Germany (X units) were the main suppliers of bicycle imports to Croatia, together comprising X% of total imports. Serbia, the Netherlands, Austria, Poland, Taiwan (Chinese) and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest bicycle suppliers to Croatia were Germany ($X), the Netherlands ($X) and Italy ($X), together accounting for X% of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average bicycle import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle import price increased by X% against 2019 indices. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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