Croatia: Blanket Market 2024

Blanket Market Size in Croatia

In 2022, the Croatian blanket market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated prominent 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. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Blanket Production in Croatia

In value terms, blanket production shrank to $X in 2022 estimated in export price. In general, production recorded a precipitous slump. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Blanket production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Blanket Exports

Exports from Croatia

For the fourth consecutive year, Croatia recorded growth in overseas shipments of blankets and traveling rugs (except electric blankets), which increased by X% to X units in 2022. In general, exports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, blanket exports dropped to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Serbia (X units) was the main destination for blanket exports from Croatia, with a X% share of total exports. Moreover, blanket exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X units), twofold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a X% share.

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

In value terms, Austria ($X) remains the key foreign market for blankets and traveling rugs (except electric blankets) exports from Croatia, comprising X% of total exports. The second position in the ranking was held by Serbia ($X), with a X% share of total exports. It was followed by Slovenia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Austria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Slovenia (X% per year).

Export Prices by Country

The average blanket export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price, however, enjoyed a moderate expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then fell in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Austria (X%), while the prices for the other major destinations experienced mixed trend patterns.

Blanket Imports

Imports into Croatia

Blanket imports into Croatia fell to X units in 2022, shrinking by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, blanket imports rose rapidly to $X in 2022. Overall, total imports indicated resilient 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Hungary (X units), China (X units) and Poland (X units) were the main suppliers of blanket imports to Croatia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest blanket suppliers to Croatia were China ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of X%, 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 blanket import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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