Croatia: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2023

Market Size for Blankets And Travelling Rugs Of Synthetic Fibres in Croatia

In 2021, the Croatian market for blankets and travelling rugs of synthetic fibres was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Croatia

In value terms, travelling rugs of synthetic fibre production soared to $X in 2021 estimated in export price. Overall, production continues to indicate a dramatic decrease. Travelling rugs of synthetic fibre production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Croatia

Travelling rugs of synthetic fibre exports from Croatia soared to X units in 2021, increasing by 58% compared with 2020. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 115%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, travelling rugs of synthetic fibre exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 110% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Serbia (X units), Italy (X units) and Slovenia (X units) were the main destinations of travelling rugs of synthetic fibre exports from Croatia, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +38.5%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X), Italy ($X) and Slovenia ($X) were the largest markets for travelling rugs of synthetic fibre exported from Croatia worldwide, together comprising 82% of total exports.

Slovenia, with a CAGR of +25.9%, saw the highest growth rate of 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

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2021, approximately reflecting the previous year. In general, the export price recorded a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 41%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.1%), while the prices for the other major destinations experienced a decline.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Croatia

In 2021, overseas purchases of blankets and travelling rugs of synthetic fibres increased by 32% to X units, rising for the fifth consecutive year after two years of decline. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2014 when imports increased by 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, travelling rugs of synthetic fibre imports surged to $X in 2021. In general, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 56% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X units), Hungary (X units) and Poland (X units) were the main suppliers of travelling rugs of synthetic fibre imports to Croatia, with a combined 72% share of total imports.

From 2012 to 2021, the biggest increases were in Hungary (with a CAGR of +199.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Hungary ($X) constituted the largest travelling rugs of synthetic fibre suppliers to Croatia, together accounting for 62% of total imports.

Hungary, with a CAGR of +173.2%, 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 blankets and travelling rugs of synthetic fibres stood at $X per unit in 2021, with an increase of 6.4% against the previous year. In general, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2017 an increase of 7.5% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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