Croatia: Market for Blankets And Travelling Rugs Of Synthetic Fibres 2024

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

The Croatian market for blankets and travelling rugs of synthetic fibres fell modestly to $X in 2022, declining by -4.3% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +32.9% against 2020 indices. Travelling rugs of synthetic fibre consumption peaked at $X in 2021, and then contracted slightly in the following year.

Production of Blankets And Travelling Rugs Of Synthetic Fibres in Croatia

In value terms, travelling rugs of synthetic fibre production dropped significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant decline. The most prominent rate of growth was recorded in 2021 with an increase of 697%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Blankets And Travelling Rugs Of Synthetic Fibres

Exports from Croatia

In 2022, the amount of blankets and travelling rugs of synthetic fibres exported from Croatia skyrocketed to X units, surging by 16% compared with the previous year's figure. In general, exports, however, continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2015 with an increase of 115%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, travelling rugs of synthetic fibre exports reached $X in 2022. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 110% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Serbia (X units) was the main destination for travelling rugs of synthetic fibre exports from Croatia, accounting for a 56% share of total exports. Moreover, travelling rugs of synthetic fibre exports to Serbia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), fourfold. Poland (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (-2.9% per year) and Poland (+54.7% per year).

In value terms, Serbia ($X) remains the key foreign market for blankets and travelling rugs of synthetic fibres exports from Croatia, comprising 50% of total exports. The second position in the ranking was taken by Slovenia ($X), with a 12% share of total exports. It was followed by Bosnia and Herzegovina, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia totaled +7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+21.0% per year) and Bosnia and Herzegovina (-4.8% per year).

Export Prices by Country

The average export price for blankets and travelling rugs of synthetic fibres stood at $X per unit in 2022, waning by -4.9% against the previous year. In general, the export price recorded a slight reduction. The growth pace was the most rapid in 2017 an increase of 110%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Blankets And Travelling Rugs Of Synthetic Fibres

Imports into Croatia

In 2022, the amount of blankets and travelling rugs of synthetic fibres imported into Croatia fell to X units, which is down by -12.1% on the previous year's figure. Overall, total imports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +15.5% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 63%. Imports peaked at X units in 2021, and then dropped in the following year.

In value terms, travelling rugs of synthetic fibre imports contracted modestly to $X in 2022. In general, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.2% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 56%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced modestly in the following year.

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, together comprising 60% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +152.3%), while imports 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 comprising 56% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +150.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for blankets and travelling rugs of synthetic fibres amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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