Croatia: Quilted Textile Products Market 2024

Quilted Textile Products Market Size in Croatia

The Croatian quilted textile products market expanded notably to $X in 2021, increasing by 14% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Quilted Textile Products Production in Croatia

In value terms, quilted textile products production contracted dramatically to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Quilted Textile Products Exports

Exports from Croatia

In 2021, quilted textile products exports from Croatia skyrocketed to X tons, increasing by 56% on 2020. Over the period under review, total exports indicated significant growth from 2020 to 2021: its volume increased at an average annual rate of +56.5% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products exports dropped notably to $X in 2021. In general, exports, however, saw a precipitous contraction. Over the period under review, the exports hit record highs at $X in 2020, and then fell sharply in the following year.

Exports by Country

Bosnia and Herzegovina (X tons), Switzerland (X tons) and Italy (X tons) were the main destinations of quilted textile products exports from Croatia, together accounting for 83% of total exports.

From 2020 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +100.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Bosnia and Herzegovina ($X) emerged as the key foreign market for quilted textile products in the piece (excluding embroidery) exports from Croatia, comprising 54% of total exports. The second position in the ranking was taken by Hungary ($X), with a 24% share of total exports. It was followed by Italy, with a 13% share.

From 2020 to 2021, the average annual rate of growth in terms of value to Bosnia and Herzegovina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-35.3% per year) and Italy (-79.4% per year).

Export Prices by Country

In 2021, the average quilted textile products export price amounted to $X per ton, waning by -58.7% against the previous year. In general, the export price faced a precipitous contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then dropped rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while the average price for exports to Switzerland ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-34.1%), while the prices for the other major destinations experienced a decline.

Quilted Textile Products Imports

Imports into Croatia

In 2021, the amount of quilted textile products in the piece (excluding embroidery) imported into Croatia surged to X tons, picking up by 71% against the previous year's figure. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, quilted textile products imports totaled $X in 2021. The total import value increased at an average annual rate of +13.7% over the period from 2020 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bosnia and Herzegovina (X tons), China (X tons) and Italy (X tons) were the main suppliers of quilted textile products imports to Croatia, with a combined 92% share of total imports.

From 2020 to 2021, the biggest increases were recorded for China (with a CAGR of +18,153.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bosnia and Herzegovina ($X) constituted the largest supplier of quilted textile products in the piece (excluding embroidery) to Croatia, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with a 23% share of total imports. It was followed by China, with a 13% share.

From 2020 to 2021, the average annual growth rate of value from Bosnia and Herzegovina stood at +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-42.9% per year) and China (+18,864.2% per year).

Import Prices by Country

The average quilted textile products import price stood at $X per ton in 2021, with a decrease of -33.4% against the previous year. Over the period under review, the import price recorded a sharp downturn. The import price peaked at $X per ton in 2020, and then dropped markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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