Croatia: Sunglasses Market Overview 2021

Sunglasses Market Size in Croatia

In 2020, the Croatian sunglasses market decreased by -X% to $X, falling for the third year in a row after four years of growth. Over the period under review, consumption saw a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2018 to 2020, the growth of the market remained at a lower figure.

Sunglasses Production in Croatia

In value terms, sunglasses production contracted modestly to $X in 2020 estimated in export prices. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% y-o-y. Sunglasses production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Sunglasses Exports

Exports from Croatia

In 2020, approx. X units of sunglasses were exported from Croatia; remaining relatively unchanged against the previous year. In general, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Exports peaked in 2020 and are likely to see steady growth in the immediate term.

In value terms, sunglasses exports fell dramatically to $X in 2020. Over the period under review, exports showed a strong increase. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Bosnia and Herzegovina (X units) and Italy (X units) were the main destinations of sunglasses exports from Croatia, together comprising X% of total exports. These countries were followed by Montenegro, Serbia, Slovenia and the UK, which together accounted for a further X 2007 to 2020, the biggest increases were in Serbia (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sunglasses exported from Croatia were Slovenia ($X), Italy ($X) and Bosnia and Herzegovina ($X), together accounting for X% of total exports. Germany, the UK, Serbia and Montenegro lagged somewhat behind, together comprising a further X (+X% per year) saw the highest growth rate of the value of exports, in terms of 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

In 2020, the average sunglasses export price amounted to $X per unit, declining by -X% against the previous year. Overall, the export price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of X% y-o-y. Over the period under review, average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Slovenia ($X per unit), while the average price for exports to Montenegro ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced mixed trend patterns.

Sunglasses Imports

Imports into Croatia

In 2020, sunglasses imports into Croatia declined remarkably to X units, reducing by -X% on 2019 figures. In general, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by X% year-to-year. Over the period under review, imports hit record highs at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, sunglasses imports contracted significantly to $X in 2020. Overall, imports saw a mild reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2018 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of sunglasses imports to Croatia, with a combined X% share of total imports. These countries were followed by Hungary, Poland, Slovakia and Spain, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (+X% per year), while imports for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and China (-X% per year).

Import Prices by Country

The average sunglasses import price stood at $X per unit in 2020, waning by -X% against the previous year. Over the period under review, the import price, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of X% year-to-year. The import price peaked at $X per unit in 2019, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunglasses in the world?

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The countries with the highest volumes of sunglasses consumption in 2020 were China (400M units), the U.S. (246M units) and Japan (97M units), with a combined 55% share of global consumption. Germany, India, South Korea, the UK, Viet Nam, Poland, Taiwan (Chinese), Australia, Thailand and Italy lagged somewhat behind, together accounting for a further 22%.

What are the largest producers of sunglasses in the world?

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China (452M units) constituted the country with the largest volume of sunglasses production, accounting for 56% of total volume. Moreover, sunglasses production in China exceeded the figures recorded by the second-largest producer, Japan (85M units), fivefold. Taiwan (Chinese) (48M units) ranked third in terms of total production with a 5.8% share.

What are the leading suppliers of sunglasses to Croatia?

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In value terms, Italy ($8.2M) constituted the largest supplier of sunglasses to Croatia, comprising 66% of total imports. The second position in the ranking was occupied by Germany ($1.3M), with a 10% share of total imports. It was followed by China, with a 4.6% share.

What are the leading importers of sunglasses from Croatia?

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In value terms, the largest markets for sunglasses exported from Croatia were Slovenia ($423K), Italy ($280K) and Bosnia and Herzegovina ($273K), with a combined 51% share of total exports. These countries were followed by Germany, the UK, Serbia and Montenegro, which together accounted for a further 29%.

What is the average export price for sunglasses in Croatia?

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The average sunglasses export price stood at $16 per unit in 2020, dropping by -59.2% against the previous year.

What is the average import price for sunglasses in Croatia?

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The average sunglasses import price stood at $11 per unit in 2020, shrinking by -6.1% against the previous year.