Croatia: Leather Footwear Market 2024

Leather Footwear Market Size in Croatia

The Croatian leather footwear market contracted to $X in 2021, reducing by -7.3% against the previous year. Over the period under review, consumption showed a noticeable downturn. Leather footwear consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Leather Footwear Production in Croatia

In value terms, leather footwear production surged to $X in 2021 estimated in export price. Overall, production saw a pronounced downturn. Leather footwear production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Leather Footwear Exports

Exports from Croatia

After two years of decline, overseas shipments of leather footwear increased by 6.5% to X tons in 2021. In general, exports saw a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, leather footwear exports totaled $X in 2021. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 15% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for leather footwear exports from Croatia, accounting for a 47% share of total exports. Moreover, leather footwear exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-9.2% per year) and Poland (+34.7% per year).

In value terms, Germany ($X) remains the key foreign market for leather footwear exports from Croatia, comprising 59% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports. It was followed by Poland, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +15.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (-6.2% per year) and Poland (+43.5% per year).

Export Prices by Country

In 2021, the average leather footwear export price amounted to $X per kg, increasing by 2.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.8%. The pace of growth was the most pronounced in 2014 an increase of 14%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per kg), while the average price for exports to Bosnia and Herzegovina ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Leather Footwear Imports

Imports into Croatia

In 2021, after two years of decline, there was significant growth in overseas purchases of leather footwear, when their volume increased by 14% to X tons. Overall, imports, however, continue to indicate a perceptible slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, leather footwear imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Slovenia (X tons) and Italy (X tons) were the main suppliers of leather footwear imports to Croatia, with a combined 52% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +137.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest leather footwear suppliers to Croatia were Poland ($X), Italy ($X) and Germany ($X), with a combined 47% share of total imports.

Among the main suppliers, Poland, with a CAGR of +143.7%, saw the highest growth rate of 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 2021, the average leather footwear import price amounted to $X per kg, picking up by 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +6.5%. The most prominent rate of growth was recorded in 2014 an increase of 26% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per kg), while the price for Serbia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform