Croatia: Footwear Market Overview 2021

Footwear Market Size in Croatia

The Croatian footwear market soared to $X in 2019, growing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. Footwear consumption peaked at $X in 2008; however, from 2009 to 2019, consumption remained at a lower figure.

Footwear Production in Croatia

In value terms, footwear production reduced modestly to $X in 2019 estimated in export prices. Overall, production, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, production reached the peak level of $X. From 2012 to 2019, production growth failed to regain the momentum.

Footwear Exports

Exports from Croatia

In 2019, exports of footwear from Croatia shrank to X pairs, declining by -X% on the year before. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of X pairs, and then fell in the following year.

In value terms, footwear exports declined rapidly to $X in 2019. Overall, total exports indicated a tangible increase from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, exports increased by +X% against 2014 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. As a result, exports reached the peak of $X, and then shrank notably in the following year.

Exports by Country

Germany (X pairs) was the main destination for footwear exports from Croatia, with a X% share of total exports. Moreover, footwear exports to Germany exceeded the volume sent to the second major destination, Italy (X pairs), threefold. Bosnia and Herzegovina (X pairs) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany amounted to -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).

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

From 2007 to 2018, the average annual growth rate of value to Germany 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

In 2018, the average footwear export price amounted to $X per pair, dropping by -X% against the previous year. Over the last eleven years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, export price attained the peak level of $X per pair, and then declined modestly in the following year.

There were significant differences in the average prices for the major export markets. In 2018, the country with the highest price was Germany ($X per pair), while the average price for exports to Slovenia ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Footwear Imports

Imports into Croatia

Footwear imports into Croatia rose slightly to X pairs in 2019, picking up by X% compared with the previous year. Overall, total imports indicated a perceptible expansion from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Imports peaked at X pairs in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, footwear imports expanded modestly to $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in years to come.

Imports by Country

In 2018, China (X pairs) constituted the largest footwear supplier to Croatia, accounting for a X% share of total imports. Moreover, footwear imports from China exceeded the figures recorded by the second-largest supplier, Germany (X pairs), tenfold. The third position in this ranking was occupied by Poland (X pairs), with a X% share.

From 2007 to 2018, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Poland (+X% per year).

In value terms, China ($X) constituted the largest supplier of footwear to Croatia, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Italy (-X% per year).

Import Prices by Country

The average footwear import price stood at $X per pair in 2018, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per pair. From 2015 to 2018, the growth in terms of the average import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Hungary ($X per pair), while the price for China ($X per pair) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Hungary, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for footwear in the world?

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The country with the largest volume of footwear consumption was China (5.2B pairs), comprising approx. 31% of total volume. Moreover, footwear consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (1.8B pairs), threefold. The third position in this ranking was occupied by India (597M pairs), with a 3.5% share.

What are the largest producers of footwear in the world?

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The country with the largest volume of footwear production was China (11B pairs), comprising approx. 66% of total volume. Moreover, footwear production in China exceeded the figures recorded by the second-largest producer, Viet Nam (762M pairs), more than tenfold. India (639M pairs) ranked third in terms of total production with a 3.8% share.

What are the leading suppliers of footwear to Croatia?

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In value terms, China ($22M) constituted the largest supplier of footwear to Croatia, comprising 7.9% of total imports. The second position in the ranking was occupied by Germany ($9.3M), with a 3.4% share of total imports. It was followed by Italy, with a 1.7% share.

What are the leading importers of footwear from Croatia?

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In value terms, Germany ($15M) remains the key foreign market for footwear exports from Croatia, comprising 6% of total exports. The second position in the ranking was occupied by Italy ($1.2M), with a 0.5% share of total exports. It was followed by Bosnia and Herzegovina, with a 0.3% share.

What is the average export price for footwear in Croatia?

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In 2018, the average footwear export price amounted to $32 per pair, dropping by -2% against the previous year.

What is the average import price for footwear in Croatia?

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The average footwear import price stood at $12 per pair in 2018, rising by 44% against the previous year.