Croatia - Footwear - Market Analysis, Forecast, Size, Trends And Insights

Croatia: Footwear Market Overview 2020

Footwear Market Size in Croatia

The revenue of the footwear market in Croatia amounted to $X in 2018, waning by -X% against the previous year. Overall, footwear consumption, however, continues to indicate a mild deduction. The most prominent rate of growth was recorded in 2013 when the market value increased by X% against the previous year. Footwear consumption peaked at $X in 2008; however, from 2009 to 2018, consumption remained at a lower figure.

Footwear Production in Croatia

In value terms, footwear production totaled $X in 2018 estimated in export prices. Over the period under review, footwear production, however, continues to indicate a significant curtailment. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. In that year, footwear production attained its peak level of $X. From 2012 to 2018, footwear production growth remained at a lower figure.

Footwear Exports

Exports from Croatia

In 2018, the exports of footwear from Croatia totaled X pairs, rising by X% against the previous year. The total export volume increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. In that year, footwear exports reached their peak and are likely to continue its growth in the immediate term.

In value terms, footwear exports amounted to $X in 2018. Over the period under review, the total exports indicated a remarkable increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear exports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% y-o-y. In that year, footwear exports reached their peak and are likely to continue its growth in the immediate term.

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 rate of growth in terms of volume to Germany stood at -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 ($X) remains the key foreign market for footwear exports from Croatia, comprising X% of total footwear exports. The second position in the ranking was occupied by Italy ($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 rate of growth in terms of value to Germany stood at -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 footwear export price stood at $X per pair in 2018, approximately equating the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2018 and is likely to continue its growth in the near future.

Prices varied noticeably by the country of destination; 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 totaled X pairs in 2018, dropping by -X% against the previous year. Over the period under review, the total imports indicated a measured increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, footwear imports decreased by -X% against 2013 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. In that year, footwear imports reached their peak of X pairs, and then declined slightly in the following year.

In value terms, footwear imports totaled $X in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The growth pace was the most rapid in 2018 with an increase of X% y-o-y. In that year, footwear imports attained their peak and are likely to continue its growth in the immediate term.

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 stood at -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 ($X) constituted the largest supplier of footwear to Croatia, comprising X% of total footwear imports. The second position in the ranking was occupied by Germany ($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

In 2018, the average footwear import price amounted to $X per pair, going up by X% against the previous year. Over the period under review, the footwear import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% y-o-y. The import price peaked at $X per pair in 2008; however, from 2009 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; 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